KCN (ASX) Placement was $1.50 on 28/3/23

Originally posted by fitzroy5: ↑

Not just Gymjunky, anyone who has purchased in a pump, or sold in a dump or just merely suppressed or over the previous year has lost money, inasmuch as the share price would be higher (in a pump) or lower (in a dump, or suppressed). Lots of people here on HC sold and purchased, including me.

If you are running a scam and you want it to continue you need someone to blame who isn't you. One is often tempted to think that money will solve all share price problems. Last Friday's example here https://hotcopper.com.au/posts/71743869/single
proves that that isn't the case. The sale of $450 worth of shares equated with the purchase of 25 times that amount, in the effect that it had on the price.

Thus, when the company gets its mine back the share price goes down. When TAFTA looks like settling the share price goes down.

Inevitably it is "Mr. Market" who is to blame. This can happen because of any kind of matter, buy on rumour and sell on the fact, management is a good one if what one really wants is to take over the asset. What you KNOW is that the price went down on Friday because of the sale of two shares ($2.51). The "beauty" of an algorithm is the percentage of the day that it sets the price and controls the direction.

Hopefully this will change this year, but it will not be because of ASIC, the ASX or the government.

Management is comprised of humans who have to make decisions which you can agree with or not. On occasions you may be right, and on occasions you may be wrong. They have the advantage of knowing all the facts, and you have the disadvantage of looking at the holding of yourself and your friends rather than thinking for the shareholders as a whole.

They also make errors. They are entitled to do that. "To err is human, to forgive divine". That's part of the contract. Just hope that the errors are not serious, and do not interfere with the thrust of the investment.

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The only this giving me comfort at the moment is this......

The Chairman of this great Cambodia success story in a similar jurisdiction to us is called Jay Hughes & he's in our Top 20 shareholders!

There is no bullshit letters after his name either... He grew up in the trenches , no bull$hit politician self promotion crap with this guy.

Maybe if Jamie's ego allows it, Jay can take him under his wings, tell him to eliminate all the Chatree Festival Carnival bull$hit & attending conferences bull$hit time wasting & start buying back placement dilution shares below placement price whilst he can.. It will be hard for Jamie as he worked for kingsgate for 10 years and didn't buy one share himself , so if he can't buy himself 1 share at 14c god help us getting him to buyback any placement dilution if he's a little chicken little.

He has the big balls too as was buying KCN at the lows around 20c when Jamie was buying ZERO shares and out spending all his KCN salary on suits and hair gel to look pretty for all the selfies .

Fingers crossed he wasn't a vaccinated dummy bunny either & then i can sleep better knowing he isn't going to "die suddenly " in his sleep.

I'm getting very TWISTED waiting for November production reports ! $#@ucking what about lovegod's " feelings " Jamie !