K92 Mining Inc T.KNT

Alternate Symbol(s): KNTNF

Metals & Mining Gold

K92 Mining Inc. is a Canada-based company, which is engaged in the production of gold, copper and silver at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine, including Blue Lake, in Papua New Guinea. The Company holds the mining rights to Mining Lease 150 (ML 150). Within and surrounding ML 150 is an epithermal vein field consisting of multiple known and highly prospective vein systems: Kora, Irumafimpa, Karempe, Judd, Kora South, Judd South, Mati, Maniape and Arakompa. Mining is focused on the Kora vein system, consisting of two dominant veins and the Judd vein system consisting of four known veins with one vein being mined. There are multiple near-mine infrastructure targets, within the Kora-Kora South, Judd-Judd South and Karempe vein systems.

TSX:KNT - Post by User

K92 Mining Inc

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Comment by invest234on Sep 02, 2020 5:29pm

166 Views

Post# 31498929

RE:RE:RE:Whats going on?

"Also, IMO gold is NOT going anywhe past $2000/oz regardless what 'experts' are saying"

gold already went past $2000 recently. saying gold can't go past $2000 when it already has does not make much sense. placing a fixed limit does not make sense when gold can go to infinity in a worthless currency. if the usa continues to print a trillion dollars a year it does not make sense for there to be a $2000 limit. do you have any reason to believe usa will stop printing and suddenly have a zero deficit?

cyber37 wrote: I do not day trade; but I’m also not a long term investor & with rather limited capital to play with one has no choice but to be a trend follower – if you can’t beat them join them. Glad to have a position in KNT but yes….this latest ‘trend up’ is almost too good to be true & I’m expecting some pull back. Because of underlying value (resource & production) and healthy daily volume KNT is being exploited by parasitic day traders. Technical parameters are rather unique for each stock and KNT is still within a ‘normal range’ here but at the verge of being overbought. I use TD WebBroker platform to trade & parameters like Bollinger band (25), Moving Averages (also at 25 days) and RSI are all at the upper end of the range - at $8.40/share today.
IMO pull back can …& will occur like the one on 08/11/2020, but because KNT is loaded with some tangible value, this stock should have a very quick recovery.

Also, IMO gold is NOT going anywhe past $2000/oz regardless what 'experts' are saying. I can still buy a good gansters suit at $2000....plus, you can't eat gold.
G37