Kingsgate (KCN)

its got a little ahead of itself but not that much.

258_kcngold.gif
 
I also think gold, silver and the xgd are also goin to get rejected at this point (respectively) to retest the long term supports, i believe late jan and early feb they will make a run for it. (JMO)
 
Dec Qrtly out

Chatree - lower grades, reduced recovery, Plant 2 not happening until at least Oct 10 (Thai bureaucracy).
Chatree cash cost $843/oz
Group cash cost $975/oz, so Challenger must have been high, but they don't say that.
Then various crap about exploration success and potential and increase of crap Bowdens - bahhhaha
 
If you look at the charts technically - they need to come back to about 4.40 - 4.50 before they move through overhead resistance. Im not surprised, i was never expecting them to stay above $5.00
 
Man! what is wrong with me, I bought again! I shouldhave put that money elsewhere but I was compelled - I just know ill be punished for this on monday and tues :)
Silver and Gold sell offs usually last for two or three days and this was the first day.
Ok finicky now im gambling....
 
KCN appears to be hovering around the $4.00 mark! I think i might jump on this one at the end of the week... 5% dividend at current prices. Plenty of upside potential!
 
... well why dont we just rename this stock "Bandwagon Resources" with all these new people jumping in :)

Yeah I bought some more @$4 as well
 
SilverSanchez said:
... well why dont we just rename this stock "Bandwagon Resources" with all these new people jumping in :)

Yeah I bought some more @$4 as well
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It was always on my list! I was just waiting for a better buying opportunity 'pullback' :D

My eye is on SLR now, see how the next few weeks pan out.

Keep up the Stock updates btw! always a good read.
 
Im just teasing. :)

The ones Im watching and have purchased (at least some) are

NCM, KCN, SLR, EVN, PAN, BDR, CAS

All have evidence (despite various current issues) of the ability to dramatically increase production in the next 2-5 years. Also all have a low percentage chance of going to the market to raise capital in the short term. All also have risks, but substantially less risk than a non-producing company.
 
MyNamesNotBen said:
Not sure if this means anything but kingsgate is number 3 in the etrade top ten net buys today.
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KCN doesnt show up in Top By volume or Top By Trades spread - so maybe it just says something about etrade users - not nessesarily KCN

KCN has the price per share, liquidity and intra-day volatility that day traders love.
 
Nice double bottom, ending the day above resistance/support level of $4.

Thats 3 or 4 times this support ($3.90) has been tested - its obviously pretty strong.
 
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