Kingsgate (KCN)
- Thread starter SilverSanchez
- Start date
SilverSanchez
Active Member
I bought more 
Just so everyone can know my money is where my comments are.
If I liked it at 6 - I damn love it a 1.60 - pretty obvious for anyone who is willing to read back over my posts - finiky add in there a chart over the time. Mark in my comments on that KCN chart - just to give it some context. You've just taken all my comments out of their context which is really low and quite unfair.
When the herd sells, that will be the end of it for the metals market, it will consolidate and then will have formed a base. There is really no good reason (yet) why the XGD is being sold down this far other than fear/capitulation.
Gold is still over 1300 USD, the AUD has dropped 6%
All the miners I own are still working at a profit to total cash cost (as far as I know) including KCN
(D&A is a non-cash cost, but a slows depreciation of value for example your computer's value over 5 years, you dont 'pay' depreciation, it just happens)
So finicky quoting 2000+ cash cost for Challenger is quite misleading and possibly shows he doesnt really understand what he is saying, if he is implying a 'blowout' in cash costs.
Just so everyone can know my money is where my comments are.
If I liked it at 6 - I damn love it a 1.60 - pretty obvious for anyone who is willing to read back over my posts - finiky add in there a chart over the time. Mark in my comments on that KCN chart - just to give it some context. You've just taken all my comments out of their context which is really low and quite unfair.
When the herd sells, that will be the end of it for the metals market, it will consolidate and then will have formed a base. There is really no good reason (yet) why the XGD is being sold down this far other than fear/capitulation.
Gold is still over 1300 USD, the AUD has dropped 6%
All the miners I own are still working at a profit to total cash cost (as far as I know) including KCN
finicky said:
(D&A is a non-cash cost, but a slows depreciation of value for example your computer's value over 5 years, you dont 'pay' depreciation, it just happens)
So finicky quoting 2000+ cash cost for Challenger is quite misleading and possibly shows he doesnt really understand what he is saying, if he is implying a 'blowout' in cash costs.
I threw out fundamentals long long long time ago...
Now I only hold one philosophy: "Trend is your friend".
Now I only hold one philosophy: "Trend is your friend".
SilverSanchez
Active Member
Had my order in for 1.45 since the start of the big drop
2012-07-25
Ive been a bible believing Christian now for over 10 years - my own emotions, the need to follow the herd, sentiment and public opinion has long since lost it's influence over me
2011-11-03
Im making a buy target of $6 - and i think ill get it - anyone wanna bet?
2011-11-0
Thatx for that Fin - I still like em though...
2012-02-05
If you look at the chart there is a break as it burst through $7... so it may come back and fill - ill prob buy more mid $6 range...\\
2012-02-22
The reason why im so bullish on this company is because it is essentially a brand new company
2012-02-23
I bought at 7.17, will buy more under $7. Short term pain long term gain.
They made shrewd aquisitions as well - they didnt over pay they got their properties cheap.
2012-05-17
My Price target 3.90 - 4.5
Im hoping $5 wont hold and looking at that chart doesn't really tell you much
2012-07-25
Its in my zone
2012-07-25
Picked up some at 4.45
next order is for 3.90... but hopefully the bottom is in its hit and bounced off a longterm moving average
2012-07-26
why I think it's bottomed ...
2012-07-30
... got as low as 4.08, I have my order in for 3.75 to meet the 200 monthly avg
2012-07-31
When this baby finds a bottom it will help us all breath easier.
3.66 - 3.90 is my next range
2012-08-17
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
2013-01-13
So in other words .... you dont know whats going to happen
2013-01-24
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
2013-01-25
We're at lower support - if it goes through this and holds below - expect to test $4 again
2013-01-3
.. 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
2013-02-07
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
2013-02-18
its a buy under $4
2013-02-20
Cheap
2013-02-21
There is another support level @ 3.30 - hope it holds
2013-02-22
$3.30 is a support level, if it holds.... it's bottomed... i think it will, unless the half yearly results set it off (which I dont think it will, but you never know)
2013-03-08
Im raising as much capital as I can, I recon we might have one more chance.
2013-03-08
I got a good parcel at $3.40, im not expecting $3.30 but damn I want some bullets in the pipe if it breaks down to $2.80.
2013-04-24
kcn needs to touch 2.20 or break it to capitulate - 1.80 - 2.20 i was looking for
2013-04-29
2.25 represents long turm up-trend support, I am bullish on this stock
2013-05-04
I think this might be the bottom, its 20% past the long term uptrend...I think this recent drop was the wash out bottom...
Price $1.82
2013-05-16
Herd needs to sell and be done with it.... bottom happens then
Price $1.62
2013-05-16
I bought more If I liked it at 6 - I damn love it a 1.60
.... You've just taken all my comments out of their context which is really low and quite unfair.
2013-05-17
Had my order in for 1.45 since the start of the big drop
Ive been a bible believing Christian now for over 10 years - my own emotions, the need to follow the herd, sentiment and public opinion has long since lost it's influence over me
2011-11-03
Im making a buy target of $6 - and i think ill get it - anyone wanna bet?
2011-11-0
Thatx for that Fin - I still like em though...
2012-02-05
If you look at the chart there is a break as it burst through $7... so it may come back and fill - ill prob buy more mid $6 range...\\
2012-02-22
The reason why im so bullish on this company is because it is essentially a brand new company
2012-02-23
I bought at 7.17, will buy more under $7. Short term pain long term gain.
They made shrewd aquisitions as well - they didnt over pay they got their properties cheap.
2012-05-17
My Price target 3.90 - 4.5
Im hoping $5 wont hold and looking at that chart doesn't really tell you much
2012-07-25
Its in my zone
2012-07-25
Picked up some at 4.45
next order is for 3.90... but hopefully the bottom is in its hit and bounced off a longterm moving average
2012-07-26
why I think it's bottomed ...
2012-07-30
... got as low as 4.08, I have my order in for 3.75 to meet the 200 monthly avg
2012-07-31
When this baby finds a bottom it will help us all breath easier.
3.66 - 3.90 is my next range
2012-08-17
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
2013-01-13
So in other words .... you dont know whats going to happen
2013-01-24
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
2013-01-25
We're at lower support - if it goes through this and holds below - expect to test $4 again
2013-01-3
.. 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
2013-02-07
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
2013-02-18
its a buy under $4
2013-02-20
Cheap
2013-02-21
There is another support level @ 3.30 - hope it holds
2013-02-22
$3.30 is a support level, if it holds.... it's bottomed... i think it will, unless the half yearly results set it off (which I dont think it will, but you never know)
2013-03-08
Im raising as much capital as I can, I recon we might have one more chance.
2013-03-08
I got a good parcel at $3.40, im not expecting $3.30 but damn I want some bullets in the pipe if it breaks down to $2.80.
2013-04-24
kcn needs to touch 2.20 or break it to capitulate - 1.80 - 2.20 i was looking for
2013-04-29
2.25 represents long turm up-trend support, I am bullish on this stock
2013-05-04
I think this might be the bottom, its 20% past the long term uptrend...I think this recent drop was the wash out bottom...
Price $1.82
2013-05-16
Herd needs to sell and be done with it.... bottom happens then
Price $1.62
2013-05-16
I bought more If I liked it at 6 - I damn love it a 1.60
.... You've just taken all my comments out of their context which is really low and quite unfair.
2013-05-17
Had my order in for 1.45 since the start of the big drop
SilverSanchez
Active Member
I think its going to the moon
SilverSanchez
Active Member
KCN has according to some analysts a 50% chance of going bankrupt
But im still buyin' nad Smilin'
But im still buyin' nad Smilin'
AngloSaxon
Active Member
Commsec's Youtube channel from today.
[youtube]http://www.youtube.com/watch?v=dxXXI6oEamQ[/youtube]
[youtube]http://www.youtube.com/watch?v=dxXXI6oEamQ[/youtube]
SilverSanchez
Active Member
I pick up some at 1.29, i dont think $1 will get reached
Silverthorn
Well-Known Member
from a link from jsmineset.com. this could tick me off.
http://www.bloomberg.com/news/2013-...ges-scrapped-during-bull-run-commodities.html
http://www.bloomberg.com/news/2013-...ges-scrapped-during-bull-run-commodities.html
SilverSanchez
Active Member
Gavin Thomas has balls, he's never given me reason to think he doesnt know what he is doing
Silverthorn
Well-Known Member
thatguy said:
well it seems to be gaining momentum so the return to bull market is that bit closer then. been reading about this sort of thing here and there for a couple of months now.
SilverSanchez
Active Member
be aware the 200dma is just over $3 and I dont expect it will break through that this time. So taking profits is something Im going to be doing at around that level. If you are in the black - you have the luxury of knowing you only losing gain 