re: new minews article - watso Hi B2 and others.
The hedging comment re KCN was to balance a negative against many positives the company has going for it. Yes, banks lending minnows funds to build their first mine/plant want certainty and push hedging. This is different to the smarta*se "lets play the futures" approach which a number of mining companies follow - if you want to invest in a leveraged derivative company, there are specific vehicles for this - and they are not gold mining/producing companies.
I think the comments by KCN in the most recent quarterly on heding are very promising, which is one reason why I have bought in. The other 3 reasons are the expansions to Chatree, the active desire to lower the soverign risk/one mine discount, and a falling shareprice based on an apparent bad takeover situation.
How many other gold producers have 85m shares on issue?
re: new minews article - watso Hi B2 and others.The hedging...
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$1.37 |
Change
0.010(0.74%) |
Mkt cap ! $353.1M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.32 | $560.6K | 417.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3932 | 1 |
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