Personally I won't be investing back in KCN.
When management announced that they were hedging gold production many of us on HC could see that the price was likely near the bottom of the gold correction...
... an educated estimate for sure... but if the management of your company aren't as skilled as HC posters on analysing the commodity that they produce... then well... are they worth investing in?
... or was it ensuing that they had job security and bugger the shareholders??
Simple... if you're going to hedge at all it's when the gold price has spiked not plunged away from trend lines!!
Cheers
John
smashed, page-42
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Last
$1.65 |
Change
0.070(4.43%) |
Mkt cap ! $425.2M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.68 | $1.62 | $858.1K | 520.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8431 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 45705 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |