KCN 6.52% $1.47 kingsgate consolidated limited.

General discussion, page-4916

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    I’m worried about short term reaction to gold price fall as well, but we didn’t receive a huge benefit from the recent run up in gold price so it may not be so bad come Monday. If it is it will be short lived. The first gold pour news might sink in over the week. And by end of next week gold may stage a recovery. I just think stop losses kicked in and that’s why gold dropped so much. It was really news that the Chinese didnt add to gold reserves in May that kicked off the selling. This may present a buying opportunity in gold. The usd is not getting any safer.
    We as a company are also trading on a fwd P/E ratio under 4. So hardly overvalued, definitely undervalued.
 
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