I never left. Didn't touch a share.
Warning. I am not politically correct, sooo, if you are sensitive, don't read further.
This is all typically stupid Wall Street panic bullshit !!
I have been watching, initially for around a year, and now investing, averaging down, for a couple of years now. My position, as of this very minute, is still profitable to the extreme. I have been very smart with this one, although with some others, that is not always the case.
In general, we have been saying for YEARS, that if this mine was in a different jurisdiction, it's market cap would be doubled. For YEARS. Everyone here should know this already, or you are stupid.
Sooo, the jurisdiction, government volatility, etc., SHOULD be already priced in.
But, NOOO. A few newspaper articles, with basically, old news, starts of a panic. Bullshit !!
Typical Wall Street herd idiotic mentality. If I didn't already have what I consider a full position in regard to the associated risk involved with this ticker, I would have bought more yesterday.
The K92 story / near future is still fully intact. Nothing has changed here.
Digital / Algorythm Trading Bullshit !! Hopefully, this has scared away all of the "idiotic traders" here. I am an investor, LTBH investor. My thoughts on this ticker haven't changed one bit. "Traders", stay away from my investment !!
Let me break down this so called news. Governments are stupid. Politics are stupid. The people of 3rd world / so called developing countries are stupid, or they wouldn't be in that position.
If the PNG government screws this up, they will go back to eating bananas and sleeping in the rain. They might be stupid, but they aren't that stupid.
K92, for the moment, is a small fish. The big fish will take care of this for us small fish. The Exxon's, Barrick's, Newcastle's of the world will warn us all. When Exxon pulls out of PNG, then I will sell, that day, at whatever price I get.
The PNG government doesn't have the brains, expertise, capital, etc. to pull any of their resources out of the ground themselves. They may in the future, but they can't now. They need foreign investment. Badly.
The local PNG people are greedy and stupid. They want to be rich overnight, and that just doesn't happen. They look at the powerhouses of the world and they want that. They don't understand that it takes centuries to get there.
The PNG government is playing politics. That is normal. The Exxon's, et. al., are better at politics than they are. The big boys can point to Venezuela as a recent example of nationwide stupidity. Does PNG want that to happen ? No. Soooo, then play ball and be reasonable.
Will this happen, who knows ?
The point is, this should be already priced into this ticker.
It is for me, and I still think that the PPS should be double right now, in addition to the double for the jurisdiction issue. If this mine was in the U.S.A., it would be a ten dollar stock. No doubt in my mind.
PNG plays ball or eats bananas, it is that simple. That is the gamble.
Because there is no gamble with K92. It is a gold mine. Of that there is no doubt.
Long $KNTNF.
News 
Market Data 
Discover 
AI
