OK fair enough, buying back 120 million is a lot of shares but can't we do both? Instead of handing over 6 to 10 cents per half-year why can't we do a year-on-year buyback for the next 5 years or more and pay out a smaller dividend to holders? There is no reason Kingsgate has to be a small mine, miner. The sky is the limit. I know I am going to get an ear bashing for this but in a way, I am happy NE is still on our books. If the gold yields are viable as an ongoing concern we should exploit our assets to their fullest.
Would we be in this mess if we had another mine to fall back on?
KCN Price at posting:
$1.29 Sentiment: Buy Disclosure: Held
(20min delay)