I've never actually worried about sovereign risk. Go to South America Africa and Russia and then we are talking sovereign risk, ask Hecla and Pan American Silver.
To a gold bull ,gold in the ground is worth more than gold in the hand. Thats because a gold bull like me says the long term price of gold is over $1500 with a mother of all spikes past $2500 within 3 years. Why sell your gold now for $900 when you can get $1500 in a couple of years. All mines are finite, maximise the return
The real risk attached to gold miners is debt , cost and quality of reserves. KCN gets 10 out of 10 for all of them and 5 out of 10 for sovereign risk. The scorecard is good enough for me. I spread my gold bets over 6 companies to address risk.
I have absolutely no issues with the disclosures KCN have made over the last year.
new presentation on kingsgate website, page-21
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Last
$1.26 |
Change
-0.015(1.18%) |
Mkt cap ! $324.7M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.29 | $1.24 | $730.6K | 579.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2051 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 9999 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |