Club Mulgoa

Saturday, August 06, 2011

KCN

http://imagesignal.comsec.com.au/asxdata/20110802/pdf/01203474.pdf

Nearly 20% fall for a gold producer. Rare dividend producing mining stock. Possibly the best safety record among miners. Finding more gold. Adding more companies.

And big tumble recently. If you look at the market capitalization in the presentation and compared it to Friday's, then you know this has got to be another oversold gold PRODUCER.

You cannot expect KCN to double or triple your investment like some of the smaller explorers. This one is mature, stable and lower risk. Its newly acquired tenements in Australia and not so recent ones in Chile could outperform though. But I am mostly looking at its Thai operation... and potentially the Ag mine in NSW. With its good management, I don't expect my investment in KCN to tumble unless idiotic sellers dump their shares. Long term, I can sit pretty while POG is rising or stable. This has got to be one of my closely watched shares on Monday. Another one is RMS.

http://imagesignal.comsec.com.au/asxdata/20110803/pdf/01204086.pdf

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