RE:Buying up KCC shares I agree, we could all look back on this and think when didn't I buy after another tempting update this week. A few years ago I would be piling in.
But reality is this won't move until they report a hit. Too many times through Mongolia the first and second times and now NSW these updates have been dangling the carrot but no cigar.
KCC has burnt through millions of dollars, management have taken good salaries for years and good options and yet never delivered anything to shareholders. Trust is low and most of us are stuck here hoping one day they hit something commercial.
Each hole burns a load of cash and without a hit they will run out quickly. Deep drilling plays like this are a gamble and a prayer with spare money and are not an investment.