The main problem is if you sell out is the TAX.CGT holding under 12 months is brutal it chews up a lot of your profits.
Then the other problem is trying to get a fill again, it's great for long term holders because ide say 50% of sellers buy back in pushing it right back to where we were.That builds a new base of support as we have seen in previous selloffs.
It's also risky to with POG right now its ready to explore higher.
Say Gold went up $50 Friday night what would you be paying for KCN Monday it would gap up.
We are still in an uptrend no need to panic, is Merrill lynch buying more then why ? Are we looking at a take over bid in play?
KCN is in a very unique position not many turn key gold assets available like this in the world.Keep holding guys to the Moon!
The main problem is if you sell out is the TAX.CGT holding under...
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Last
$1.38 |
Change
0.020(1.48%) |
Mkt cap ! $354.4M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.38 | $1.33 | $663.7K | 491.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 16404 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 6065 | 2 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |