Yes, this share is for me like fire and I am a moth. Sold about 1/3 of my shares a few days back for 6.25 - thinking to get out completely, but now I am forced to buy them back at 5.96. It seems good, but maybe tomorrow they will be 5.80.
I read closely last night that last presentation. It was pretty simple to me:
gold sales 83,000 oz in last half (does gold sales = gold mined?) production for YEAR on track at 220,000 oz
So that tells me production increase from 83k to 137k, 6 months on 6 months. That is HUGE. And gold sitting at 1650 USD and 1600 AUD, so no drama there. First 6 month average oz received was $1687. And they promise (already late) resource upgrade at Nueva Esperanza.
But they are 'tricky', this mob. But in my mind, I just keep thinking the share price was $8. Then they sold down the river at $7.10. And now the price is under $6.
And the 'known' news is just good.
But they are tricky. Are there any more court cases in the balance we do not even know about? A tough life being a moth near a bright and golden light.
KCN Price at posting:
$5.67 Sentiment: Buy Disclosure: Held
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