Do the maths. Since the 20 December 2023 The gold price has gone up from AUD 2488 to 2570, just shy of $600 in 4 months. At an merely an average rate of 112,000 ounces of gold next year, the increase in revenue for this company next year is 588 x 112,000 is 65,856,000 just on the increase in the gold price alone. Divide by 2,578,000 = 25.5 cents per share on the increase to date alone. That is on top of the profit that would be made at the lower gold price with the extra plant operating and the higher grade being fed into both plants.
If you believe the manipulators the rise in gold price is a bad thing and not a good thing. Look at the painted chart.
If that is the case then Lordaga is right and you can front run them. I am waiting for the buyback and the dividends.
You can always sell your shares.
Do the maths. Since the 20 December 2023 The gold price has gone...
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Last
$1.83 |
Change
-0.050(2.66%) |
Mkt cap ! $470.3M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.87 | $1.82 | $867.8K | 472.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $1.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 3687 | 1 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.84 |
Change
-0.050 ( 2.20 %) |
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| Open | High | Low | Volume | ||
| $1.85 | $1.86 | $1.82 | 13351 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| KCN (ASX) Chart |