added to KRR 7/6 at $2.25US gold $1680 major support.. this is a gift.. watch what you wish for when your company's shares are included in an index; fine on the way up gives added lift but on the way down it compounds selling when the ETF, algo/ hedgies are dumping.
At 1/2 the highs even w gold/nickel down the company is a sitting duck for takeout. My fear would be some awful company comes along or we get a deal like Goldfields/Yamana. I actually thot GFI would buy them as it complements their AUS op's which are very close to KRRs..but apparently not enough to move the needle.
the bot deal/slight dilution over taking on debt in this market or using banks w rates rising for the mill in hindsight looks better now. hopefully labor absenteeism/recruiting is going better w covid easing and borders more open to get foreign help in to AUS.
Diesel prices have not come down tho..
Australia diesel prices, 04-Jul-2022 | GlobalPetrolPrices.com
there is a lot to like here for me in a junior miner w lower AISC and production growth..have narrowed my holdings to KRR, AEM, NCM and LUG for low AISC, long mine life, prospects in reserves, good bal sheets and divs on AEM, NCM and LUG. May sell off a few juniors I hold, not sure, spread that in these although NCM and LUG are full positions.
1680 that held hard in 2021 really has to hold.. as others noted gold is sold in US$ but costs are in AUS$ and that has been weak, down from about .74 to .68ish.
Folks in CA, EU, Japan, India, Turkey etc are still seeing gold in their currencies at or near all time highs. A Japanese investor w a decent allocation to gold vs cash/yen is very happy w yen down 30%! gold in yen is up 20%
Live gold spot price - Historical Chart | GoldBroker.com Patience will be required here.. US$ has to start dropping or we are stuck for now..
again happy to add ..people always say 'oh I would add if it sells off' and such--but when it happens they don't usually.. nothing wrong w nibbling on some or adding for trading shares. Bea