The market back in 2010 was not complicated by an unforeseen shutdown of our mine. Once we were down by the Thais, it placed a massive sovereign risk over our heads that will never be lifted. This is why I stated from the beginning that we should have ratified the TAFTA agreement and not bothered restarting mine. Granted, the legal fight would still be ongoing, but at least we would eventually walk away with an amount of cash and leave the mine to the Thais. However, our Board of Directors are more interested in preserving their jobs. So we are now fighting against market forces, terrible judgments, a hostile foreign government and a Board of Directors not interested in pushing share value higher, not wanting to buy back its own shares, nor mining better grade yields for the sake of a debt.
KCN Price at posting:
$1.34 Sentiment: None Disclosure: Held
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