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Thanks Allan.
Sorry about using your email pen but as all your
mail comes from 'Russell' it got stuck in my memory bank.
No need to send a report on IVN. Have been watching
and waiting for a while now.
CRS and NKL may be a couple
of others worth looking into. CRS paid a dividend last year
and are priced well (CRS have invested in NKL).
Regards,
Cris
----- Original Message -----
Sent: Thursday, February 05, 2004 5:44
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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