KGL 3.09% 10.0¢ kgl resources limited

Jazzasax, I agree you never can be 100% certain in this gameYou...

  1. 13,875 Posts.
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    Jazzasax,
    I agree you never can be 100% certain in this game
    You can have all sorts of risk.
    All stocks have market risk.
    Most gold stocks have some political risk.
    We have that with Andash but none to worry about with Burn, Gab or Jervois.
    Many stocks have commodity price risk. We certainly are at no risk of having to shut down at Andash due to POG falling.
    Most stocks our size have financing risk.
    IMO that is the worst risk to have right now.
    All stocks have some risk-even the bluest of blue chips.
    Just look at Bluescope or Macquarie bank or our retailers etc etc.
    I know everyone here has heard this before but I don't know of any other stock with the same upside versus risk that KGL has and I see comfort in the fact that without Andash (small risk now IMO) the current price is still justified by Burn alone and then we have Gab and Jervois for growth plus we will have no debt and over $35 mill in cash to fund growth here as well as positive cash flow in 6 months.
    Risk with Andash is not insignificant but risk in this company as a long term investment overall is very small IMO.

    Many of us have been here for a few years and went through the very worst of it.
    I for one am not going to bail out now that everything is coming together so well.
 
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