KCN 1.19% 42.5¢ kingsgate consolidated limited.

relax and be happy

  1. nk
    2,855 Posts.
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    if the lease arent granted in time they close down the mine, send 100's of workers home without work, which given the usual employment multiplier of 1 to 5 will send thousands of others out of work

    you think the pollies will let that happen? remember the area KCN operates in is the electoral heartland of the current Thai governement who are extremly keen to encourage foreign investment back into the country

    If KCN hadn.t cashed in AND it would be very very grim. they had a debt and no cash flow. the share price would be under 3 bucks by now

    but with over $40million in the bank they can ride out the issue for years.

    I bought back in around $4.35. Nothing on the market compares to the quality of Chatree operation. low cost long life with enormous blue sky

    thisa time next year you won't see it under $15!



 
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