KCN 0.00% 54.0¢ kingsgate consolidated limited.

on fire

  1. 22,852 Posts.
    i could never work out why kcn was sold down so much. from a high of $4.40 down to about $2.80 - the sell down was too severe. i did not sell any on the way up, and did not buy any on the way down - i have plenty. kcn is up strongly today, obviously on the back of good intersections (extensions) on the H orebody. i posted on this yesterday. there was plenty of time to buy the shares, ahead of todays surge. i am confident that kcn are a money machine, and that they will attempt to maximise shareholder wealth. it is my assumption, that the company is sitting in top of an extensive mineralized zone - and that there is a lot of gold in the area. i cannot wait till they test the B prospect. the channel samples are as good as it gets. the results of channel samples are available from the kcn website - august 2002 presentation - page 19. the relevant page, shows an extensive soil anomoly which is greater than 1 gram per tonne. there is a similar area, which is between .5 gram per tonne, and 1 gram per tonne. soil anomolies are generally displayed in the order of billions of parts per tonne. - keeping in mind that 1 gram per tonne, is about 1 million parts per tonne. from my perspective, it would seem that the company could probably mine the stuff, from surface - when they eventurally drill it - my guess only

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Mkt cap ! $122.1M
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54.5¢ 54.5¢ 53.0¢ $131.6K 244.9K

Buyers (Bids)

No. Vol. Price($)
2 23070 53.0¢

Sellers (Offers)

Price($) Vol. No.
54.0¢ 25864 1
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Last trade - 15.55pm 21/02/2020 (20 minute delay) ?
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