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KMN - Kings Minerals

Cheers, GP. That's my signal to top up. Thanks! kennas
 
wonder why its been sold down a bit today? the fundamentals are just too good to sell out of these too cheaply
 
yes, it's dropped back to my purchase price... the momentum will return... soon enough.
 
I could see this one potentially dropping back into the 50s before taking off again.

I'll undoubtedly be wrong though

Cheers,
GP
 
Bolnisi Gold / Kings Minerals Comparison

BSG - Market cap - 885 million approx

KMN - Market Cap - 255 milllion approx

-both companies have significant projects in Mexico

KMN (San Anton resource) - 11.09 million ounces gold and rising

BSG (their major find) - 3.1 million ounces of gold eq

KMN's Kalman deposit looks set to be huge as well

is KMN undervalued compared to its similar stablemate BSG?

I believe so!

as always DYOR and always put your money on fundamentals and not hype
 

Absolutely undervalued atm. Perhaps a bit longer from production holding them back atm.
 
drilling at San anton will be completed by 14th December

with a resource upgrade estimate in early February

Pre-feasability and pit optimisation to occur as early as April
 
Just need to clarrify that the 11 m oz, is 11 m oz gold equiv also. I think there's just 4 m oz au, then the silver and copper, bringing it up to the 11 m oz equiv mark. Just a minor point.
 
sorry did forget to mention that! really doesn't make any difference as it is au eq. ie - identical in ground value

whats ur prediction for the resource estimate at San Anton Kennas?
 
imajica said:
sorry did forget to mention that! really doesn't make any difference as it is au eq. ie - identical in ground value

whats ur prediction for the resource estimate at San Anton Kennas?
With those last drill results you'd have to think somewhere between 13-14 m oz au equiv. Conservative. Bit of a pluck really. Just looking at the grades and where the holes are compared to the rest of the site. I'm no resource modeller. Wish I was, would be swimming in it at the moment..
 
Got a buy signal yet GP?

I think that it'll go off at about the green circle, or earlier. Why? I'm not sure, but I have this itch between my shoulder blades which is always a good sign.

Stochastics looks like buy to me, just about to hit trend line, BB converging, the base of the consolidation was about $0.67 and a couple of nice happy candles. Would be noice to see a hammer tomorrow, on vol. Volumes way off!!

Can some of the rampers on the EVE and INL thread please come over here!!!?? Please.
 

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kennas said:
Got a buy signal yet GP?
Strictly speaking, no, but one of my algorithms does signal a buy today.

When I say no I mean because I use a few different algorithms but the scanner only picks one at a time based on certain criteria. While this one does indicate a buy, the scanner is not picking it today so it doesn't show KMN as a buy.

I have this itch between my shoulder blades which is always a good sign
You got a formula for that indicator that I can use in AmiBroker? :

Cheers,
GP
 

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Good ann from KMN confirming more great grades in the drilling results in Mehico.

Revised JORC first qty 07. So, not too much of a wait.

Up a coupla % on the news, maybe hopeful of cracking $0.725 resistance soonish.
 

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Should have taken the itchy shoulder indicator GP. Never fails.

Got another buy signal now?
 
are you anticipating a pull back in the next week or two. It is an expensive stock for me short term as im a little fish but im always looking for medium to long term prospects.

Its being strong today
 
KIWIKARLOS said:
are you anticipating a pull back in the next week or two. It is an expensive stock for me short term as im a little fish but im always looking for medium to long term prospects.

Its being strong today
Not now Kiwi. Only if POG gets smashed.
 


Hopefully $0.725 support going forward.
 

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kennas said:
Got another buy signal now?
No, just the one mentioned before, although one algorithm never generated a sell in the first place so is still indicating hold.

Looks promising again, but I don't have any spare cash at present and am trying not to trade for a few days so that Etrade will finally release the HIN to NAB!

Cheers,
GP
 
My scratch has gone.

False break.

Back at $0.69.

Consolidation continues..............

Rest.
 
Ouch

Down almost 10%. Feeling pain in between my shoulder blades. Not a good sign!

Buying opportunity, or selling necessity?

Where did you get the sell signal from GP? Damn good one!
 
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