expectations for 2012-2013 profit

Here is KCN's gold poured:

Chatree:
6 months to 31/12/2011 - 40,463 ounces
6 months to 30/6/2012 - 80,909 ounces

Challenger:
6 months to 31/12/2011 - 45,848 ounces
6 months to 30/6/2012 - 42,540 ounces

KCN declared a 10 cents per share dividend for the December half year, so I think it s fair to expect an increased dividend for the June half year.

In my opinion folks are letting negative share market action distract them from the fact that KCN is producing record gold ounces, operating overall very profitably and is set to be even more profitable in the 2012 - 2013 finacial year.

From the June quarterly:

"Record Group quarterly gold production of 61,835 ounces, up 2% on the March quarter, at a total cash cost of US$744/ounce."

"Record annual gold production of 208,760 ounces up 85% from FY2011 at a total cash cost of US$720/ounce."

My comment: Note these cash costs include royalties.

From the June quarterly:

"Full year Group gold production for FY13 is currently expected to exceed Group gold production for FY12."

My comment:

In a more positive market for precious metals equities investors would be focusing on KCN's positives, such as its record gold production, KCN's increasing earnings and dividends and KCN's future earnings potential from its gold and silver projects yet to come on stream.

In today's bearish market for gold equities investors don't focus on KCN as a whole, but search for and focus on negatives, such as Challenger's slight decline in production and also assume costs will never come down at Challenger or gold production will never be profitable and will never increase at Challenger.