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[sharechat] Fw: KCN...aux


From: "Russell" <russell.j@xtra.co.nz>
Date: Wed, 4 Feb 2004 20:08:16 +1300 (New Zealand Daylight Time)


I am resending this as it has not got through, I am unsure why
Allan
 
-------Original Message-------
 
From: Russell
Date: Tuesday, 03 February 2004 05:24:52 p.
Subject: KCN...aux
 
 
 
I recieved their quarterly report today, I seemed to me very good and easy to understand, full of all the right words 20% increase in production, Gold mineing is their bussiness and they are producing it at US$117 per ounce.
The one weakness they have is they have only one mine [as GYM did] however gold does not burn as well as coal mines.
I purchased on 9/12/03 feeling very sure of myself [they do pay a div unlike some gold shares] and basically the price has gone down big time.[ have lost 19%]
Im hanging in and can see no reason to sell and take a loss of 19% at present.
Does any one know what is happening?
Allan.

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