KCN 0.32% $1.56 kingsgate consolidated limited.

Mate, if you scoop-up enough of these shares (down in the...

  1. 2,201 Posts.
    lightbulb Created with Sketch. 1084
    Mate, if you scoop-up enough of these shares (down in the current deep cellar) here, you can have a big say in how we get the loot and what we do with it. Your experience in payment-enforcement would be helpful to our B.O.D.

    Taking shares out of this shorting-pool would leave little-in-our-way towards 60-odd cents by the time the Tribunal Panel has leaned on Chan-o-cha to stop blocking our access to the A $13 million in gold sludge..That would further boost our SP to 70c + as the market would be see the big-one coming next. With very few short sellers around (all us folk holding our shares TIGHTLY) we should keep climbing towards the big announcement from there..and a post good-big-news-announcement price north of $2 is not out of the question. Both yourself & @Denial have run the numbers/likely scenario..With the company buying shares post-announcement the plan is in place to prevent our SP sliding back down..Then of course we can monetize Chatree itself through bidding process and/or settlement with the state.

    I've studied the ASX 'casino' bankers' playground for decades..particularly the last decade..that's why my bottoming-calls and buying campaigns have such an accurate track record. Right now our share-price is being suppressed by algorithmic short selling which i called-out recently mid to high 40's as they dragged us back..The 1,500 unit parcels have been a blatant/obscene display, thumbing noses at Australian Government 'regulators' what a joke :/

    If i see a $2 SP and more buying coming in as we update the market (or news slips out through the brokers involved) on progress on payment collection to drive us further to $3 i won't be screaming blue-murder if the special dividends start rolling in. I've identified several local (Australian soil projects) with an average market-cap of $2.5 million despite owning $8 million worth of plant/equipment and no debt over-hang..It's quite bizarre how some of our resource companies have been shorted beyond belief. It's why RSK sought and achieved the right to buy up to 50% of issued KCN shares..we're ready to defend our shareholder value..

    I won't name the resource companies as it could be deemed as cross-pronoting here on Hot Copper..but as mentioned, if special dividends turn-out to be the means of returning the bulk-of-funds to shareholders, i can use part of my dividend-revenue to scoop up the Phoenix/s from the ashes of banker-induced carnage on what's supposed to be a 'free & fair' ASX market.

    Our shared objective is have our shareholder wealth restored to where it should be..WAY higher than the manipulated squashed-level of where we are today..We can all help to keep KCN shares out of the hands of short sellers. The 'borrowing' pool needs to be dried up some more. Parasites are creating that opportunity for us again.

    GLTAH
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.56
Change
0.005(0.32%)
Mkt cap ! $400.8M
Open High Low Value Volume
$1.56 $1.59 $1.54 $493.4K 316.9K

Buyers (Bids)

No. Vol. Price($)
4 2587 $1.56
 

Sellers (Offers)

Price($) Vol. No.
$1.57 2944 1
View Market Depth
Last trade - 16.10pm 06/05/2024 (20 minute delay) ?
Last
$1.55
  Change
0.005 ( 0.00 %)
Open High Low Volume
$1.58 $1.59 $1.54 28463
Last updated 15.59pm 06/05/2024 ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.