How many mining companies are there on the ASX with no prospect...

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03/02/22

11:01

Post #: 59324087
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Originally posted by TheHyphen: ↑

There won't be an announcement of reparations for loss of income and mine cessation. That doesn't help our Thai business partner at all. If it was in the company's interest to do so, RSK would have made that announcement back on 31 October. There is a much bigger prize on offer, however we are being kept in the dark (entirely to enable the Thai Government to save face) as to exactly how big this prize is. Time will tell. Patience isn't one of my virtues and it seems that I am not alone in this regard on HC!
What we should do is sit back, sit on our hands and wait. THE COUNTDOWN TO CHATREE PRODUCING GOLD HAS STARTED! Set the stopwatch at 5 months (6 tops), press start and sit back and wait. This blatant market manipulation by big players using bots to suppress the price to lower their average cost to the detriment of all other market participants will become redundant. No way in the world the SP won't be above $4 (and JORC upgrades, other sensitively worded announcements could make this much higher) with a month to go until production starts. If Instos want to increase their holdings, time is running out to do so, and all shareholders without an agenda need to do is wait. There is good support at $1.35 but we shouldn't be the least bit concerned if the price does decrease to this point - it is nothing more than Institutions forcing the price lower in the hope that mum and dad investors panic and sell their shares to them at a significant discount to what they would pay if they played by the rules. Support also doesn't carry much weight, as the market is being manipulated and as little as $300k can easily move the market. But if no one sells, anyone wanting to increase their position will have to pay market and will drive the price towards fair value. The SP is so unrepresentative of the value of this stock it is farcical. How many mining companies are there on the ASX with no prospect of actually mining any gold whatsoever in the next two years with a SP above $2? The quarterly report confirmed that we have everything we need to produce gold (and lots of it, proven resources) in the next 6 months (and possibly 4 or 5 months), we have the Tribunal award in our back pocket as insurance, yet the SP is well below $2, it simply doesn't make sense. Just don't be suckered by these institutional investors into selling your shares, whatever the price is.

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How many mining companies are there on the ASX with no prospect of actually mining any gold whatsoever in the next two years with a SP above $2?

The SP of a company doesn't reflect the value of a Company. You need to look at its market capitalisation to determine that (SP x SOI = MC)

There won't be an announcement of reparations for loss of income and mine cessation. That doesn't help our Thai business partner at all.

As soon as there is an outcome on any form of compensation, it must be disclosed to shareholders via the ASX - or the Company is in breach of Listing Rules. No ifs or buts.

KCN Price at posting: $1.74 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $1.27		Change 0.010(0.79%)		Mkt cap ! $327.3M

Open	High	Low	Value	Volume
$1.25	$1.29	$1.24	$2.647M	2.095M

Buyers (Bids)

No.	Vol.	Price($)
6	88319	$1.25

Sellers (Offers)

Price($)	Vol.	No.
$1.28	7644	1

View Market Depth

No.	Vol.	Price($)
6	88319	1.250
3	40096	1.245
3	10382	1.240
1	339	1.235
3	45000	1.230

Price($)	Vol.	No.
1.280	7644	1
1.285	7644	1
1.290	7644	1
1.330	20000	1
1.340	2847	1

Last trade - 16.10pm 12/11/2024 (20 minute delay)

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