KCN 7.82% $1.36 kingsgate consolidated limited.

You are looking at it way too simply. You can be a contrarian...

  1. 41 Posts.
    You are looking at it way too simply. You can be a contrarian but you have to factor the reason for what is happening to KCN SP. If there is no reason for the shorting then be a contrarian----BUT THERE IS. They are mining a a metal that is pretty much stored in perpetuity, has no value except as insurance and a small amount is used to dress your finger/neck. There is a great number of people out there who now seem to think Gold has lost some of it's hedge appeal. Mainly due to the stagnation and recession in Europe and the USA, some gurus are saying that golds rise is nowhere near over and if you subscribe to their advice (at a cost) they will explain why. I am a contrarian to this point of view. I know KCN is a Gold miner and they do not do it cheaply, moreover I am convinced Gold will decrease in value, probably not much, though at $1,100 an ounce makes KCN a break even proposition with a share value of ZERO.

    Good luck all you contrarians, hope I have not depressed you too much.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.36
Change
-0.115(7.82%)
Mkt cap ! $349.2M
Open High Low Value Volume
$1.44 $1.44 $1.35 $982.0K 708.3K

Buyers (Bids)

No. Vol. Price($)
3 9303 $1.35
 

Sellers (Offers)

Price($) Vol. No.
$1.38 24636 2
View Market Depth
Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.