KCN 1.81% $1.36 kingsgate consolidated limited.

Without a shadow of doubt, it is a very risky stock. But at this...

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  1. 233 Posts.
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    Without a shadow of doubt, it is a very risky stock. But at this price, all if not most of the risks have already been priced. If you follow the Bangkok Post, the junta is eagerly trying to attract foreign investment into the country.
    The last thing they want now is a legal case from a foreign company against them.
    Not sure if the company eventually met up with the Dep PM. But a memo was issued by to Kingsgate. It's content was reported in a few Aust newspaper.
    What was encouraging was the comment by the PM that the mine was suspended and not closed.
    Secondly, he said something to the effect that the final outcome will be equitable to the investors and the locals--recalling from memory.
    Maybe, they should just let KCN list in the the Thai exchange and the locals can then participate in its wealth generation.
    Weighing up all the risks and potential, I could not help buying another parcel of shares today.
 
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