I've built (in my own financial terms) a bit of a position in KIN over the last 8 months and I had a brief panic this week that maybe I have too much at risk.
So I was hoping that a few of the regular posters with the inside track on the stock (Coalboy, RooBendigo, Nowhere Man, Copperkote etc) might give their views on the main risks for the next 18 months in holding KIN shares.
Rightly or wrongly, I'm hoping that it will re-rate to something like 45-55 cents as a minimum improvement (as the financing plan gets announced and the plant gets built etc). But what are the main things that could go wrong in the foreseeable future in getting to that point, bar a sudden crash in the gold price?
My inexperienced view is that KIN is about as safe a bet as I'm going to get in the junior mining space at the moment. Is that a fair assumption?
Appreciate all and any views!
KIN, what are the risks?
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Last
6.6¢ |
Change
-0.001(1.49%) |
Mkt cap ! $77.75M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.7¢ | 6.6¢ | $33.30K | 503.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.8¢ | 408000 | 2 |
View Market Depth
| Last trade - 13.14pm 03/05/2024 (20 minute delay) ? |
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Last
6.6¢ |
Change
-0.001 ( 2.94 %) |
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| Open | High | Low | Volume | ||
| 6.6¢ | 6.7¢ | 6.6¢ | 68700 | ||
| Last updated 12.49pm 03/05/2024 ? | |||||
| KIN (ASX) Chart |