Kingsgate (KCN)

I seriously think this company has changed so much in the last 12 months the stock is having a hard time finding a price. Looks like people dont know whether to use moving averages or support lines.

Seriously KCN has made aquisitions enough to compaletly change the fundamentals of the company. So I think the market doesnt know where to put the value at the moment.

When this baby finds a bottom it will help us all breath easier.
3.66 - 3.90 is my next range - if it keeps falling after that i got nothing left I might even quit stocks forever :)

This is just the most amazing sell off of a producing miner (with issues but none major!) I could not have imagined this at all. Its astounding.
 
SilverSanchez said:
I seriously think this company has changed so much in the last 12 months the stock is having a hard time finding a price. Looks like people dont know whether to use moving averages or support lines.

Seriously KCN has made aquisitions enough to compaletly change the fundamentals of the company. So I think the market doesnt know where to put the value at the moment.

When this baby finds a bottom it will help us all breath easier.
3.66 - 3.90 is my next range - if it keeps falling after that i got nothing left I might even quit stocks forever :)

This is just the most amazing sell off of a producing miner (with issues but none major!) I could not have imagined this at all. Its astounding.
Click to expand...

Have a read of this: http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=156119&sn=Detail&pid=33
 
I just wonder if Traffords managment will be a good JV partner or not. Have a look at their managment and what they have done in the past.
 
Kingsgate has decoupled from the XGD and has stayed at multi year lows. Here is how im thinking

Recently their JV partner for their challenger exploration (it does not include the Challenger Mine I believe) had the tenemants bought out

Lets see if they announce a final dividend - if they dont - that will be bad news for the stock price in the short term. Could dip below $3.5 as people pull money out and re-invest in better performing gold producers such as NCM, EVN, SLR, NST - or pulling out all together.

Three questions I ask myself
1. Why did I get into KCN
Because they are producing gold at a profit and the mine life is good, and their upside development in the silver plays means greater diversification, and it pays a dividend

2. Why didnt I sell?
If I knew it was gonna fall this fast I would have but once down - it become more risky to sell than to hold.

3. Has any of the fundamental reasons for the original buy changed?
Apart from some hiccups quite normal/common for miners - no


OK whats my game plan?
In worst case senario news hits the market that means one of the above has changed, sell possition and reinvest in a company that has surer fundamentals with market support that I already hold.

In the absence of a game changer market release - hold
No more money goes into KCN until im sure its turned.

What will move it up?
Gold Price up (likely)
Silver Price up (likely)
XGD strong (Seems somewhat likely)
Low P/E (Possibly)
Higher Yeild % of end year dividend (Neutral)
Takeover/Merger Bid (Not very Likely)

What will move it down?
Bad news (Black Swan)
Capital Raising (Not Likely)
No dividend announced for end of year (Not Likely)
 
Nice to see this stock finally starting to firm up, I wanna see slow and under the radar rising - 1% a day or so over a few weeks to creep back over $5.

As far as i know they still havent declared a dividend... dont know when they usually do - would have assumed it was at the financial year reporting time. Anyone know anything?
 
Raqce for $5 today - if it can hold $5 that is really good news.

The only thing that will kill it is if there is a crappy dividend or no dividend. it will kill the price just like it did for OZL.

touchwood!

Im very happy with the price action, maybe a little fast but it was severely oversold.
 
Yes very happy with its upward trend atm........will wait and see......this was the only stock that was killing me in my portfolio......not anymore thank god.

But like to you said, we will have to see if there is a dividend.......Im sure there will be, but not a great deal :)
 
$0.10 dividend per share unfranked

Im happy with that. Its a good result considering the market environment.

I think the fast rise from $4 is seeing a pull back under $5 - but I believe this stock is in a good healthy place right now despite not uncommon issues with production.
The whole sector of materials is taking a breath today - as it should. Im targeting $6 in october and my target for gold is still $1750 US in October.
 
Not enough to pull it out of a downtrend by the looks of the chart now. Need another rally in PMs to get it kick it back up.
 
SilverSanchez said:
Kingsgate has decoupled from the XGD and has stayed at multi year lows. Here is how im thinking

Recently their JV partner for their challenger exploration (it does not include the Challenger Mine I believe) had the tenemants bought out

Lets see if they announce a final dividend - if they dont - that will be bad news for the stock price in the short term. Could dip below $3.5 as people pull money out and re-invest in better performing gold producers such as NCM, EVN, SLR, NST - or pulling out all together.

Three questions I ask myself
1. Why did I get into KCN
Because they are producing gold at a profit and the mine life is good, and their upside development in the silver plays means greater diversification, and it pays a dividend

2. Why didnt I sell?
If I knew it was gonna fall this fast I would have but once down - it become more risky to sell than to hold.

3. Has any of the fundamental reasons for the original buy changed?
Apart from some hiccups quite normal/common for miners - no


OK whats my game plan?
In worst case senario news hits the market that means one of the above has changed, sell possition and reinvest in a company that has surer fundamentals with market support that I already hold.

In the absence of a game changer market release - hold
No more money goes into KCN until im sure its turned.

What will move it up?
Gold Price up (likely)
Silver Price up (likely)
XGD strong (Seems somewhat likely)
Low P/E (Possibly)
Higher Yeild % of end year dividend (Neutral)
Takeover/Merger Bid (Not very Likely)

What will move it down?
Bad news (Black Swan)
Capital Raising (Not Likely)
No dividend announced for end of year (Not Likely)
Click to expand...

I think KCN is doing ok, need to hold $5 support and move through 5.60
 
bowdens update from kingsgate. should be mostly factored in I suspect?

Resources Increased by 40% to 182 Million Ounces Silver Equivalent at Bowdens

Kingsgate Consolidated Limited (ASX: KCN) is pleased to announce a significant increase in the silver and
silver equivalent ("AgEq") Mineral Resources for the Bowdens Project, NSW. This increase follows
completion of the 2012 drilling program.
Click to expand...
 
nothing new since the bowdens update. I'm always biased to the dividend payers. its all dependent on the gold and silver price really unless less some bad news crops up to knock em around again.
 
Still caught within its 2+ years downtrend channel. The upper rail deflected the bogus September rally right on cue.

Now come tentative signs of a possible cure rather than temporary relief, but could be waiting for Q2 report late this month or Half Yearly late Feb to decide green shoots or false spring.

Weekly candles are short ranges and could be on the cusp of turning without having hit the lower Bollinger band. This would be a first for 2+ years downtrend and price might be making the first higher low. This would be high performance from a dog like Kingsgate.
Inverted hammer monthly candle for August.


1893_kcn_jan_13.gif
 
I missed the break out, just didnt have enough confidence in it. But I own enough shares to be happy to hold and miss a few bullish turns here and there.

This stock yeilds a decent return through divs so they pay you to be patient. still think it will be rejected from the $5 mark and re-test $4.6
 
You must log in or register to reply here.
Back
Top