Kingsgate has adjusted its hedge book to take advantage of possible future rises in the gold price and is able to sell at spot. Risk is covered bt a cantango of forward options and puts.
This is a coutious but sensible risk management decision.
KCN has said it expects to produce about 160,000 oz gold this year plus significant silver credits.
Last half year it averaged $315,this year they sholtd average above $325, At this rate and on past cost preformance a profiy of $65mill is not out of the question.
That is almost 90 cents per share. With this new hedge structure it could go a lot higher.
At $3.00 it is a 10% yielding stock and with the upgraded reserves life of the mine will exceed 10 years at current production rates.
I cannot find another stock that can match this one,even at current prices.
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Last
$1.89 |
Change
-0.005(0.26%) |
Mkt cap ! $418.2M |
Open | High | Low | Value | Volume |
$1.87 | $1.90 | $1.87 | $192.2K | 101.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 1852 | $1.88 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.89 | 2161 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 1852 | 1.880 |
1 | 1500 | 1.875 |
4 | 8010 | 1.870 |
1 | 4379 | 1.865 |
1 | 14198 | 1.860 |
Price($) | Vol. | No. |
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1.885 | 2161 | 3 |
1.890 | 2469 | 3 |
1.895 | 2318 | 3 |
1.900 | 105547 | 4 |
1.905 | 1500 | 1 |
Last trade - 11.26am 09/08/2022 (20 minute delay) ? |
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Last
$1.89 |
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Change
-0.005 ( 0.04 %) |
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Open | High | Low | Volume | ||
$1.89 | $1.90 | $1.88 | 4807 | ||
Last updated 11.39am 09/08/2022 (live) ? |
KCN (ASX) Chart |