kcn & challenger etc ...

KCN needs to make some important decisions and make them soon. KCN needs to regain the confidence of the market imo.

1. KCN issued about 33 million shares to purchase DOM and its Challenger mine. KCN needs to make a decision about whether Challenger is going to be profitable in the current gold price environment. And/or, if more cash is needed to be spent to make Challenger profitable, whether it is justified based on the returns. KCN needs to bite the bullet imo. If Challenger is not going to be profitable, then maybe put it on care and maintenance.

Should the gold price be soaring then KCN can always move to mining again in a move that the market would then applaud.

2. KCN is currently spending on 2 silver development projects. In the current environment cut down on costs and just work on the best one - or slow down the speed of the spend on both.

3. With exciting drilling results in its Chatree mining lease, KCN should concentrate on Chatree which is its cash cow, so a float of 50% can be made at an appropriate time which should then more than eliminate KCN's current borrowings plus provide KCN with substantial working capital. It wasn't that long ago that a float of 50% looked like it could bring in $500 million.

All imo of course.