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$1.66 kingsgate consolidated limited.

November production --> was it really + 5,700 ounces ????, page-2

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hotcongo

3,683 Posts.

596

07/12/23

12:20

Post #: 71324295
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Originally posted by LoveGod: ↑

I'm finding it hard to believe the AGM presentation saying we had produced over 27,000 ounces of Gold as at 30th November because it's just seems too good !

Let's do some investigating:

October is very clear at about +750 ounces a week.

So we therefore know that as at AGM on 30th Last day of November was +27,000 ounces.

BUT ! there is a sneaky little calculation here don't forget... The first pour on 2nd of November is included in the 21,859 figure, so this means The AGM presentation amount is saying that the last 4 Weekly pours averaged +1,250 ounces a week to get to 27,000 ounce total..

WOWEE !! So this means NOVEMBER had 5,000 ounces ( from pours on the 9,16,23,30 ) Plus the +750 during the first pour to give a GRAND TOTAL RECORD PRODUCTION MONTH almost DOUBLE OCTOBER to 5,750 Ounces.

If this was true, Why would they not announce this on Monday to stop the shareprice fall if they knew the figure at the AGM presentation ????

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yes… that is a puzzle.

KCN Price at posting: $1.36 Sentiment: Buy Disclosure: Held
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