RE:RE:Ideal time to sell. Book profits. Buy back later. I compare KNT to my other gold stocks.
Example. Argonaut Gold. -
going to produce 200,000 oz this year. Maybe more. No debt .
KNT market cap is almost up to AR’s now.
But , KNT has plenty of debt, an expansion to finance , and money to be paid out to Barrack and part of their gold production to repay previous financing.
I use a common sense approach.
How is KNT worth the same as Argonaut when they have less than half the production , debt to pay, a bunch of cheap warrants, and are in risky PNG ?
Ive been part of financing KNT 3x and have done well. I will likely get in on the next financing , but today, the stock is overvalued , period.
Someone said $4 a share ? Maybe , in 2022.
You can throw share price numbers around like a fool, but $4 makes knt an $800 million dollar market cap company. And that number is ridiculous.... they’d have to be producing 500,000 oz a year !!! I hope this helps . I have no position today.