Forum Archive Index - February 2004

["Cristine Kerr" <criskerr@optusnet.com.au>]

Russell,

 

Sorry Russell. Did receive your email but haven't the time to research KCN.

 

Took a quick look at titles only of ASX announcements (didn't read any). Nothing in the January '04 titles to suggest adverse news.

 

What was the US$32M refinancing for (11Dec'03)? Could this have had an impact?

 

Regards,

Cris

 

----- Original Message -----

From: Russell

To: sharechat

Sent: Wednesday, February 04, 2004 5:08 PM

Subject: [sharechat] Fw: KCN...aux

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.

To: sharechat

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.