KCN 1.47% $1.34 kingsgate consolidated limited.

Kingsgate Mining, page-2

  1. 4,697 Posts.
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    Mr T

    I have been to several of broker presentations,infact have arranged them for the company on many occasions.

    Although they do serve a purpose to acquaint investors that are a little slow to cotten on,they are not essential

    My real concern in the past is to have supported the directors an getting the mine going--the results have been very encouraging.

    As stated before ,the current year should show a 7 month (mine) profit of around $25 mill. ie about earnings of 50+ cents per share. (before depn)

    Remember the directors have on many occaisions said they will have a generous dividend policy.(about 30c in a full year),the maiden in OCT-NOV this year

    The new drilling programme gets underway post June 30th. This will allow conversion of 430000 oz of resource to reserves, another 3 years mine life at least.

    KCN has other assets in Thailand annd after the 5-8 year tax holiday we can expect some very expansionary events commensurate with the POSSIBLE restructure of the existing asset--do not underestimate this ,it will be a real bumper.
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