dannykal,
good article at :-
http://biz.yahoo.com/rm/030225/minerals_kingsgate_2.html
Noted that the forcast profit was in US dollars.(going down??)
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"Kingsgate said it held a hedge book of 534,000 ounces via put options extending to 2008. There were 364,000 ounces hedged at US$304 an ounce and 169,400 at A$591 an ounce.
None of the hedges are committed before March 2004, enabling the miner to capture prevailing higher U.S. dollar prices for the precious metal, Kingsgate said.
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So currency fluctuations a most likely problems??
good trades
shouldn't kcn be going up, page-2
Add KCN (ASX) to my watchlist
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Last
$1.56 |
Change
-0.020(1.27%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.60 | $1.56 | $685.1K | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 2724 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.020 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.60 | $1.56 | 17710 | ||
| Last updated 15.16pm 14/06/2024 ? | |||||
| KCN (ASX) Chart |