KMC kalgoorlie mining company ltd
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Fridge,Just out of curiosity what made you punt 650K on this...

  1. DougM
    259 Posts.
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    04/06/12
    20:22
    Post #: 10264941
    Fridge,

    Just out of curiosity what made you punt 650K on this stock?

    were you convinced like myself that it was a sure thing?

    thats a lot to punt on a speculative stock that has no history of profitability

    My reasoning was that they did their homework before they started mining i.e. they had an opex of around $1200/ounce using say $1500 for the gold price,

    anyway they are/were clearly amateurs and proved it loud and clear
    KMC Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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