Opinions Wanted - Chattree profitability and TAFTA, page-21

Thank you for your interesting analysis.
Obviously like everyone i have tried my own 'back of the envelope' calculations. I should admit that I have held KCN since 2007 and followed its torturous path up and down and down and.....
My records show it was at $12.06 on Friday 24/09/20010 when it was making good profits and paying good dividends.

My memory is a bit hazy but I do remember that KCN faced a hostile government environment in Thailand for a number of years before the arbitrary suspension of mining. There were delays in approvals of mining rights that constrained the volume of ore mined and also impacted on costs of mining. I believe that Chatree should return to a very profitable operation if it is able to gain the necessary approvals. So without disputing your figures, I think you need to go back to around 2009/2010 to see what Kingsgate was capable of producing out of Thailand.

The Dominion takeover in October 2010 was obviously a disaster of monumental proportions that added 30million shares and no $ and perhaps due diligence was wanting, but that is mining, high risk and hopefully high return.

I also have the impression from the terse company announcements that management are not too interested in looking after the 'hot money' that has flowed into KCN. The big long term holders appear to have all sat tight. Perhaps they get a bit more information/briefings than the crumbs that are thrown our way, but ultimately, its your money to hold or fold.