Yes, I took the opportunity to sell down this morning but I'll keep an eye on it and look to buy back in if it drifts lower. I think KSN is one company that will go crazy once it's on investors' radars. There are a number of potential catalysts including resource upgrades, indicated or inferred, low cost small scale production of surface ore, takeover by a mid-tier anxious to bolster reserves, and the perennial POG, which is likely to be supportive. Against this another capital raising may create a buying opportunity. This makes the capital restructure all the more relevant, although $1-2 is likely some way off, I suspect the only barrier to achieving the high end of that range is a takeover.
KSN Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
