As I mentioned on here a few weeks back, I made the mistake of selling PDN after doubling my money only watch it go up 10 fold. The silver lining is that I bought KCN with the proceeds and learnt a valuable lesson. Who knows what the future holds, but I wouldn’t say KCN is fully valued given the recent announcements. A common back of the envelope calculation done by many people here suggests $1B market cap on a positive resolution. We are a third of that, so it’s up to each investor to consider the risk that a resolution will be negative and what the consequences would be.
I sold my 550k position - here's why, page-17
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Last
$1.33 |
Change
0.020(1.53%) |
Mkt cap ! $342.8M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.31 | $256.1K | 192.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8840 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.34 | 2089 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |