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For sure. Just seems like the market is waiting for something on this one. It doesn't move with gold anymore, it just stays around .28-.30. Something seems up. Not sure if it's the part about the contract or not. *SHRUG*
This thing has turned into a huge POS. We need volume!
HAHA. OK then. Thanks!
Thanks for keeping us updated, Seek! What's your realistic price target for this one? IMO there's no way this goes to $5 or more, especially $12 like the letter says, but I'm a pessimist. What are your thoughts?
Been buying more of this when I can. Pretty significant position in my portfolio, now.
WOW! Maybe that's why we saw some buyers come in yesterday and today.
Bid rose almost .03. Wasn't sure if someone was trying to front-run.
News leaked or just nickel price rising?
Miners getting killed and gold is down like 5%. WTF is gonna happen if we see a flush?
Market doesn't seem to care. The break below 1500 of POG is killing everything.
Sounds like gold. Must be manipulation.
Added a few more today. My buy is the only volume LOL!
How did this get slammed down so much in a few days? Flippers?
Just added more. I keep shuffling cash from different positions. Hope I'm not making the wrong decision.
Added as well.
Someone chasing? Had to chase a bit to get a few more this afternoon. Shoulda added more apparently.
So what didn't the market like today? DAFUK?!?
Added a few as well.
OT: Apparently I should have left my money in KNT. I'm glad I still have a decent position there as well since F.v hasn't moved at all.
BIG potential. Got caught up in some political headlines from the country and the PPS was dragged down. HUGE capacity mine(s) that can turn this into a tier-1 company if things go according to plan.
Added more at .25
Thanks!
Yeah. I just know that if the talking heads want gold to fall, they'll find a way and we just have to watch. A bit concerned that they continue to test 1500. I don't feel like it will hold much longer if pressure continues.
It doesn't help that the powers that be want gold to fail. We're in trouble, IMO.
A lot of longtime holders sold on the news so us holdovers are the only ones discussing now.
Word...
Added a few more today. Seems like we're creeping up. Hope it stays that way.
Great info. I don't understand why we continue to be stuck in this area.
Grabbed a starter today. Thanks for the heads up, Seek!
Just a slow day. There were trades about an hour ago on F.v. Sellers have stopped (for now) and I think buyers are waiting to see if $1500 holds on the POG. *SHRUG*
Gold broke below $1500 this morning so it's pretty obvious we're looking at a flush soon. Miners will get crushed again, IMO.
Added back some shares at .18 today.
Constant flipping and efforts to keep this below $2.
Super quiet here recently. I added more at .325 in my personal account. I hope I didn't jump the gun and we see another flush. Seems like they're trying to break below $1500 POG.
They'll mine it themselves??? LMAO!!! Riiiiiggghhhtt.
Trading on this is a f*ckin joke. Flippers running daily action until we get more buying.
If KNT was in Canada and not PNG, we'd be at $5 already, IMO.
Lower volume and yesterday's low held so far so hopefully that means we're going to move back up soon.
https://kingworldnews.com/hansen-important-gold-silver-update-plus-a-surprise/
$1,550 Gold
Eric King: “John, although K92 has had a pullback after a huge run, the underlying cash flow for the company has to be exploding with the price of gold over $1,550.”
$100 Million Of Profit, All-In Sustaining Costs Below $700
John Lewins, CEO: “The PEA proves that our all-in sustaining costs will be below $700 an ounce. And so when you are sitting with over $1,500 an ounce as the gold price, K92s margins are pretty substantial at well over $800 an ounce. And going forward, with the ramp up in production and the decrease in the all-in sustaining cost to produce, at these metals prices our long term shareholders understand that we will be generating a lot of cash. With production for 2020 slated to be 120,000 ounces of gold, at $1,500 gold we are talking about roughly $100 million of net profit.
Mining Friendly Country
And, Eric, we are talking about a very mining friendly country that is already working with Barrick Gold and others to renew their mining licenses. This is a country that is saying very categorically that they want mining development, they want companies coming in and creating jobs and opportunities for economic growth. Our license isn’t even up for renewal until 2024, so the recent reaction in our share price over this issue was ridiculous.
Rapidly Expanding High-Grade Gold Production
We also have 6 drill rigs operating and results pending, and this year every single hole has been hitting the vein system, which demonstrates how robust this high-grade gold system really is. This large scale drill program has us in a position to shortly announce a new resource estimate, which will lead to an updated PEA that will be the catalyst for us to expand production beyond the 120,00 ounce production target that is already underway. So the current pullback in the share price represents a huge buying opportunity for those looking to take advantage of what we anticipate will be temporary weakness in the stock before the share price heads to new all-time highs.” K92, symbol KNT in Canada and KNTNF in the US.