What's wrong with K92 mining? To the best of my knowledge ABSOLUTELY NOTHING! Everything is hunky dory at the mine site. A good preliminary Q3 report should be released in early October.
KNT the stock is another matter! Today, gold and the gold miners got hammered, all part and parcel of the slow, meandering correction that is going through the global market place.
How low can K92 go? The technical people will tell you that the old resistance level is $4/share. During the March correction KNT got cut in half, all be it briefly. History can repeat itself, we are already a third of the way there!
When will KNT bottom out? When the broader markets bottom out. I will guess November, after the US election.
Will KNT recover to it's old highs? After the March correction KNT's share price fully recovered in 3 weeks! Extrapolating to November - EASY MONEY! It is noteworthy that GDXJ picked up it's position early in the March rebound and scooped up 10 million shares between $2 and $3 in one day!
Some of us are in a cash position and are waiting for the right time to buy back in. I hope this blog was helpful.