KCN 3.66% 39.5¢ kingsgate consolidated limited.

adjusts hedgebook

  1. 3,785 Posts.
    lightbulb Created with Sketch. 229
    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.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
39.5¢
Change
-0.015(3.66%)
Mkt cap ! $89.35M
Open High Low Value Volume
39.0¢ 40.5¢ 38.5¢ $333.6K 850.5K

Buyers (Bids)

No. Vol. Price($)
2 18500 39.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.5¢ 10 1
View Market Depth
Last trade - 16.10pm 15/11/2019 (20 minute delay) ?
(live)
Last
40.0¢
  Change
-0.015 ( 1.26 %)
Open High Low Volume
39.0¢ 40.5¢ 38.0¢ 411815
Last updated 15.59pm 15/11/2019 (live) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.