Post by
BlindBoy on Oct 24, 2022 1:20pm
glad to be holding KNT even though the waters are choppy
extremely well managed; profitable mine which cost very little to develop; future expansions are self funded; no debt; extremely good relationships with the host government and resident communities; outstanding potential for continuing sizeable resource development.
compare our position with that of Pure Gold, who also had good management, and theoretically superior location (according to many folks), since PGM's mine was in a "safer" jurisdiction (Ontario).
take a look today: after hitting its peak price of nearly $3.10 several years ago, as of today, PGM is now trading around 2 CENTS, they have negative cash, close to 3/4 billion shares outstanding, and their mine is now shut down for "care and maintenance".
It may be worth taking a "gambler's" position in the company at some point, but I would suspect that time would probably be preceded by a sizeable share rollback . (at least 10:1, 15:1, or 20:1).
Comment by
cyber37 on Oct 26, 2022 4:07pm
Management that drove company (PGM) from $3/share to 2 cents …..was NOT a ‘good management’; no matter how you slices. Triger happy share issues is only one indication of POOR management….I hope that the recent share issue by KNT is the last we have seen for a loooong time to come. G37