Forum Archive Index - February 2004

["Russell" <allanrussell90@hotmail.com>]

Yes I have wondered that, although they state that they have $42 million in
cash and the $32 million is a revolving credit facility, it all seems
standard, their price does seem to have its ups and downs, and I can live
with that as long as I dont get the feeling the down will stay down.
Change of subject IVN I get the Mineing News, which is basically a
compilation of stuff freely available and a comment by "dryblower" [its
easier for me to pay to get it all in a nut shell] and yesterday there was
an article on IVN I suspect you are up with the play on that, if not I will
send it on.
Thanks for your help.
Allan.
----- Original Message ----- 
From: Cristine Kerr
To: sharechat@sharechat.co.nz
Sent: Wednesday, February 04, 2004 9:02 PM
Subject: Re: [sharechat] Fw: KCN...aux


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.

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