intrinsic value, page-5

Frog Spinach, that's a good way to go broke. KCN is very high risk & along with NCM is one of the more vulnerable companies producing gold listed in Australia. High debt & high production costs is not a good recipe in an environment where the POG is struggling.

Apologies to holders as its never nice getting it rubbed in your face, but I did on this thread say some time ago I thought KCN was one of the producers most at risk of falling over. I'm not saying it will & I hope it doesn't. I dealt with KCN professionally right in the beginning when Mike Diemar was the MD & it was a great story back then.

I took a punt on it not so long ago & I knew it was risky & I closed it out quickly for an ok profit. I looked at it again when it was around $1.55 but thought the risk was just too high.

Holders need to be holding this stock for high risk & hopefully high reward. i.e. if the POG gets its mojo back KCN will shoot back over $2, but that's what it needs.