KCN Kingsgate

[Bobco]

Big slide again today down over 8% at 340 odd, is this just the gold price effect or is there some other driver?
Tempted to buy more at this level.

[nelehdine]

Agree BOBCO , KCN certainly getting hammered this afternoon ... have just bgt some at 333 a few minutes ago. Stock now down over 10pct today which is enough of a sell-off for me to get bullish again. This is a great trading stock in the 330-380 range ... good 10/12% gains to be had in relatively short time frames. Divi of approx 25cps gives some comfort as well if you need to hold a bit longer than expected !!

[nelehdine]

337 trading .. may have seen the lows of the day at 332 a few minutes ago !!

[Bobco]

EH,you are more clever than I, got mine at 336. Gold price overnight will be interesting and probably determine tomorrows direction.

[nelehdine]

dn another 2.25 in London ... trading at $382.25 ... may fall below $380 with sentiment so weak. still expecting new highs later in the year

[clearasmud]

Has anyboby done a fundamental analysis of this co?
If this co is such a "goldmine" why did it need a 41M share issue last half?
Cheers

[nelehdine]

Think the management prefer equity to debt .. nothing more sinister than that from what I can gather.

[Mr_p_yu]

Big sell off coming up....think you better get out before you take a big bath, neleh"dumb"dine.

[nelehdine]

Thanks for the advise Mr p yu ... as your a big holder of PRG I hope you don't mind if I ignore it ....

KCN +8 today at 342

[tracker]

hey nel
where the hell did that come from
tracker