shareholder review: KCN 2023 in a nutshell, page-113

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04/01/24

10:38

Post #: 71720912
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Originally posted by Oldfolk: ↑

7 interest parties and 4 have funds and other 3 getting funds but they didn’t said we received a formal offer from any of them. Funny isn’t it?

Question is do we need money? Kcn and my situation is similar now where as I have a little loan (150k) from different banks where I play with them to keep the interest rate below 5-6% and I was thinking I will sell my property and pay off the loan and also buy some kcn shares as we are about to hit the jackpot but I put one condition which is I’m not selling cheap or discounted price because I can clear the loan by selling some kcn shares if I want which means I have 3 options 1. Keep doing what I’m doing 2. Sell kcn shares and keep the property 3. Sell property cheap. One thing I have is no pressure to do any of them.

Similarly, if kcn can manage their cash and fund the mining and refurbishment of plant 1 then no need to sell unless buyers wants to offer us good money. Let say, refurbishment end and we continue to put stock pile in it then we will generate profit enough to fund our mining operations or get a fat loan if needed.

We have multiple options ready and very little time for full moon unless buyers decided to give us bread butter and cherry on top

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That seems right to me. Lots of options so just take the right path.

Don't be rushed into anything.

KCN Price at posting: $1.28 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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