When they get the mining leases and / or selldown sorted this stock should soar. Obvious takeover target to US gold producers.
Attractive on these metrics, all of which are coveted:
- Growth from exploration. While everyone goes on about their growth, world production is basically flat. Majors want growth. KCN provides it. 150 koz in '06. 350 koz in '08.
- Low costs - KCN about US$220-250 per oz. Bottom quartile.
- PE. FY'06 EPS of 19.3c despite agressively delivering into hedges. With production expansion it is easy to see EPS of about 40c in '08 (100% basis).
Smart investors are wising up that gold stocks are a VERY mixed bag. The operating leverage often isn't there because of hedging and costs. Also, very few have a history of decent EPS growth. The exploration upside seems to be the key.
Does anyone know what KCN will do with the divestment proceeds?
I dont hold KCN but am considering buying some.
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Last
$1.48 |
Change
-0.030(1.99%) |
Mkt cap ! $389.2M |
Open | High | Low | Value | Volume |
$1.53 | $1.54 | $1.47 | $894.6K | 596.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4430 | $1.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.49 | 1710 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 16937 | 1.480 |
2 | 3622 | 1.475 |
3 | 11450 | 1.470 |
4 | 28912 | 1.465 |
2 | 4450 | 1.460 |
Price($) | Vol. | No. |
---|---|---|
1.490 | 25095 | 4 |
1.495 | 1650 | 1 |
1.500 | 10089 | 3 |
1.505 | 8560 | 4 |
1.510 | 38628 | 3 |
Last trade - 12.44pm 01/08/2024 (20 minute delay) ? |
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