When you purchase a share, you are purchasing a future share of the company. That company will have cash flow and assets, and that is all you have to worry about. The gold mining business is something that can be an arithmetic progression eg. Crystallex v. Venezuela where the company got a billion USD without a mine. With a company like KCN, it is a difficult thing to purchase eg 15% of the company because the shares are tightly held. Hence the manipulation and the bogus pricing to shake the tree, with some success. However anyone with any brains would not sell this stock, certainly not if you know the current price is undervalued, because of the above. The bogus ASX screen is an illusion and may well be for some time. Do yourself a favour and turn off the computer, and take the Warren Buffet approach and totally disregard the "market", at the very least until both plants are operating. This will happen because of the amount of gold behind the company requires that it happen. It is merely a question of time.
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Last
$1.65 |
Change
0.070(4.43%) |
Mkt cap ! $425.2M |
Open | High | Low | Value | Volume |
$1.63 | $1.68 | $1.62 | $858.1K | 520.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8431 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.65 | 45705 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6134 | 1.630 |
1 | 20000 | 1.620 |
1 | 312 | 1.605 |
1 | 1886 | 1.590 |
1 | 1000 | 1.585 |
Price($) | Vol. | No. |
---|---|---|
1.650 | 45705 | 3 |
1.675 | 26000 | 2 |
1.680 | 25984 | 2 |
1.690 | 10590 | 2 |
1.710 | 5986 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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KCN (ASX) Chart |