KCN 0.72% $1.37 kingsgate consolidated limited.

some sanity prevails

  1. 5,015 Posts.
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    KCN close to 4.20 as it bounds back after a stupid selloff

    " md retirement
    Posted 28/01/03 23:09 - 94 reads
    Posted by alecfra
    Post #68500 - in reply to msg. #68437

    Mike Diemer retriement was not unexpected as he has served for 8 years the shareholders of Kingsgate,spent every second day in Thailand and put together a mine that is second to none.

    Not only has he done this but he has also put a most creditable team together to carry on.Mike is still staying on as a director.

    Todays sell off was simply stupid and represents a fantastic buying oportunity. I'Ll bet that they dance back very soon.

    p.s. I have known all directors since startup, all I can say is that dividend policy will be increased not descreased.

    Mike has a very tidy holding and may never need to sell a share--his dividend income is well over $1mill/year.

    I took a lot on board today as I predeict the price of Gold will advance in the medium term."

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