Champ2003 I can not agree that KCN is nearly fully priced.
You mention a PE of 15 but this was a year in which 50% of the year was spent mining uneconomic grades because of delayed access.
So a full yeat of economic mining would give a PE closer to 6 or 7 - and then there is upside from now with the expansion
I think KCN plays a good game of poker.
They just let the good news roll out slowly.
If you play all you cards at the start there is nothing to surprise later - prospects are good enough without ramping
The earnings will increase the SP will increase - there is no need for KCN to make a song and dance about it
Cheers,
Peteai
Ann: Quarterly Activities Report , page-6
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Last
$1.68 |
Change
0.020(1.21%) |
Mkt cap ! $431.7M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.73 | $1.67 | $797.9K | 469.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4999 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 11670 | 2 |
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| KCN (ASX) Chart |