KCN 1.20% 42.0¢ kingsgate consolidated limited.

adjusts hedgebook

  1. 3,792 Posts.
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    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
42.0¢
Change
0.005(1.20%)
Mkt cap ! $95.01M
Open High Low Value Volume
42.0¢ 43.0¢ 42.0¢ $26.19K 62.03K

Buyers (Bids)

No. Vol. Price($)
1 58052 42.0¢
 

Sellers (Offers)

Price($) Vol. No.
42.5¢ 33195 3
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Last trade - 15.45pm 10/12/2019 (20 minute delay) ?
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Last
42.0¢
  Change
0.005 ( 1.20 %)
Open High Low Volume
42.5¢ 42.5¢ 42.0¢ 6165
Last updated 13.58pm 10/12/2019 (live) ?
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