KCN 6.52% $1.47 kingsgate consolidated limited.

After feeling smug after buying in at the close on Monday and...

  1. 1,109 Posts.
    lightbulb Created with Sketch. 15
    After feeling smug after buying in at the close on Monday and jumping out the next morning, I couldn't help myself and jumped in again at circa $1.80 and are feeling smug without the s.

    Whilst nervous due to debt levels, this company still has assets.

    With the slowing of the mining boom, costs of production must surely start coming down through reduced staff costs(I have business interests in Karratha and staff housing prices have come 20% in three months and this isn't chicken feed as a 4 by 2 was $2000pw).

    Couple this with mangt taking a haircut, this surely has some upside!(?)
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.