Once the financing is sorted out , hopefully with Thai banks, the market will bid the stock upto $3 +since the market is forward looking when bullish. Keith Goodes old NPV valuations come in around $8 after adjusting for current SOI. despite the record gold price the GDXJ is now around $35 compared to $65 in Sept 20 .due to the beaten down market cap of KCN I am calling for it to outperform the GDXJ by at least twice so assuming we just started another bull market in gold equities , maybe the mother of all gold equity bulls , then price targets over $10 in a couple of years with annual dividends of 20 to 30c are realistic .
I have invested in and traded many gold stocks over 20 years but KCN remains my favourite due to exploration upside and the current operating enviroment.
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Last
$1.26 |
Change
-0.015(1.18%) |
Mkt cap ! $324.7M |
Open | High | Low | Value | Volume |
$1.29 | $1.29 | $1.24 | $730.6K | 579.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2051 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.27 | 9999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2051 | 1.250 |
1 | 2857 | 1.245 |
2 | 22857 | 1.240 |
1 | 2429 | 1.235 |
2 | 25000 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
1.265 | 9999 | 1 |
1.270 | 2857 | 1 |
1.275 | 8603 | 2 |
1.280 | 2857 | 1 |
1.290 | 382 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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KCN (ASX) Chart |