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Bullboard - Stock Discussion Forum K92 Mining Inc. T.KNT

Alternate Symbol(s):  KNTNF

K92 Mining Inc owns and operates the high-grade Kainantu Gold Mine in Papua New Guinea which is currently operating at a design annualized production rate of approximately 120,000 oz AuEq per annum and is expected to produce at a run-rate of +300,000 oz AuEq per annum following its Stage 3 Expansion.

TSX:KNT - Post Discussion

K92 Mining Inc. > VALUE OF K92
View:
Post by tmg1441 on Apr 20, 2021 1:03pm

VALUE OF K92

A stock, just like your house or car is not worth what you think it is worth. It is worth what the highest qualified bidder will pay for it. Right now, K92 is worth $5.96 (US). For two years some of you have been claiming this stock will be worth $10---$20 (US) within a year. 

I love this stock. I buy it up when it drops into the $4 range (US) and sell it every time it hits the $6 range. Had I just held on, it would probably have to hit $20(US) to equal what I have made. There is no special honor in holding a stock for three years watching it go up and down a dozen times. I always thought the name of the game was to make money. Am I wrong?
Comment by ITSTHELAW on Apr 20, 2021 1:46pm
The name of the game is to make money. Between the profits I have taken and the profits I have on paper, I am up in the six digits. And the investment I have left is pure profit (playing with the house's money) ! My average cost is 90 cents cdn. Really don't care if you believe me or not. To each their own!
Comment by ITSTHELAW on Apr 20, 2021 2:40pm
My gloating post was directed to TMG's implied method of investing is better than buying and holding or long term investing. Buying at 4 and selling at 6 implies that you believe the stock is worth more than 4 when you purchased it, period. Nothing wrong with day trading, technical chart trading, value investing etc. To each their own and GLTA as I am sure most posters on this board are in the ...more  
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