Forum Archive Index - February 2004

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

As an up date I have emailed them with a question about their DRP [it seems
to me it may make sense to take the money and buy the shares, as opposed to
get the at the average -2%] and have also asked why they think prices have
gone down 19% since early december, will keep you all posted.
Allan.
----- Original Message ----- 
From: "Russell" <allanrussell90@hotmail.com>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, February 05, 2004 8:44 AM
Subject: Re: [sharechat] Fw: KCN...aux


> 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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