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21:12
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Originally posted by Jayse
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It's virtually impossible to find the bottom. If anyone does it is pure luck. I don't look at the day to day flucs of the share price. All I am looking at is that the company is making the appropriate strides in the right direction. Those selling are not concerned about where KRC are going to be in few months time when the PFS comes out and we see phenomenal figures. Or that KRC are fully funded to complete all studies and further gold exploratIon for next year. But instead, all they are concerned about is a volatile Dow Jones index and forget about the reason why they invested in the first place. They see some selling by a few pips and follow the leader. Herd mentality. The true value and profits in this stock will only be realised by those that are patient, do the research and understand the full potential and worth. Best thing to do is to forget you have these and have a look back in a couple months. When you buy a property you don't check the price every minute of every day, but instead you check the value in years down the track. The unfortunate thing about the share market, is its too easy to check the SP and get coerced by what you see on the screen. When you stumble on a company like this one, with the ridiculous value in the ground waiting to be extracted, you need to apply a small amount of the 'investment property' mentality.. I am not suggesting let's check back in 3 years as you might for a house, although in 3 years we could be well and truly be on the way to mining all the valuable resources out of the ground by then. But let's give it till early next year instead. Good luck with your investment
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The MACD has crossed, RSI is below neutral and volume has been very little traded. My observations is that the market is slowly starting to realise that KRC is actually making inroads with their V, PFS on flurospar and the high grade GOLD.
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