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K92 Mining Inc T.KNT

Alternate Symbol(s):  KNTNF

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

Comment by RONNIE111on May 02, 2023 2:41pm
120 Views
Post# 35425720

RE:RE:RE:RE:RE:RE:KNTNF appears to be cheap

RE:RE:RE:RE:RE:RE:KNTNF appears to be cheapThere is noting inherently wrong about day trading.  In fact it gives liquidity to a companies stocks, which can be good.  Is it gambling?  Well, that would depend on what you call gambling.  Is it like betting on red 17 at your local casino?  Definitely not.  Is it investing?  If it involves predicting what will happen to the share price in a given day, or in a short time frame, basing that on what the suspected news will be that will drive gold price which will drive K92 price; then maybe that is just as much investing as buying and doing nothing.  It is called active trading.  My wife over the past year made around ten thousand, 'gambling' as you would call it, on K92 share price, with a 'pot' of around ten thousand.  She choose K92 becasue it is a major holding of mine, but was very volatile last year.  I just sat on my holding as K92 went over $10 and then dropped below $6.  At the moment she is under water on  her latest  buy with this unexpected drop in price.  So now she is in hold.  I tell her that perhaps the price drop is someone sewering the price so they can swoop in with a cheaper buy offer, but who knows.  
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