"I mean if the entire gold mining sector is way up... and KCN is not... I wonder if there is some 'not so good' news about to appear"
It's worth listening to GT's replies to questions in the recent broadcast. The second half of FY12 will be better than the first half.... they need a 'factory' license to operate the expanded plant... if they get this by end of this month they should meet their Chatree FY12 production target.... if it slips too much into October they'll miss their target (again). Still recovering from Cyclone Yasi at Challenger... first half/second half production split expected to be something like 43/57 of 95-105k oz production in FY12. Plus they reduced the dividend.
So more patience needed over say the next 6 months UNLESS the factory license is granted in the next week or two. Quite frankly, neither me nor Mr Market are holding our breath so the share price could surge if it happened.
Rowingboat
looks primed , page-150
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Last
$1.26 |
Change
-0.015(1.18%) |
Mkt cap ! $331.2M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.26 | $260.9K | 204.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4870 | $1.26 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 25188 | 4 |
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| KCN (ASX) Chart |