I posted in Feb this year, when KCN was about $1.20 that D&D Tolhurst were saying that this stock would be between $2.75 to $3.00 by the end of the year.
At the time a few other posters laughed at the prediction...but who is laughing now! They have now revised their forecasts and $5.50 to $6 within the next 6 months they now believe is achievable.
This company is now one of the lowest cost gold producers in the world and they will be paying no tax for the next 3 years. As one poster noted earlier this week KCN management have to ensure that they do not become a take over target as they are certianly avery attarctive proposition now.
Also expect a decent maiden dividend in October this year, with some analysts believing that a 30 cents dividend over 12 months would be a very conservative figure.
And of course do your own research....
kingsgate moving, page-2
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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 |