RE:RE:RE:RE:New Press Release - K92 Mining Announces 2023 Q1 Financial Results Including Multiple Process Plant Records Significantly Exceeding the Stage 2A Expansion Design and Record DevelopmentCyber37,
I hope that your focus and perhaps agonizing on "this 40% share decline" does not cause some solid observations over the past couple of days by posters such as GripnRip, Ronnie111, Goldstd69, to go unheeded. Another concern that you raise in my mind is your declared KNT investment decision of "still holding & hoping for the best". We can probably all acknowledge how complex the relationships can be for multi-mineral ore deposits, especially in a vainy mine such as K92 are developing.
The share price high during the past 12 months was $9.91 on June 10, 2022.
My humble Suggestion: Just contemplate what K92 Mining Gold Feed Grade at 5.2 g/t average in Q1, 2023 does to financial numbers compared to 8.3 g/t average during year 2022. Think about the impact on (example) Cash Costs or AISC when Q1, 2023 production at 21,488 (based on 5.2 Head Grade) is the denominator compared to 30,617 (based on 8.3 avg Head Grade in year 2022 !! Think about the impact on period Net Profit and earnings per share; EBIDTA, etc. I suggest a closer look at (1)operating elements and rationale for management operating decisions; (2)management strategic developmant plans with adjustments as reality unfolds; (3)exploration gradually uncovering reserves and associated opportunities/challenges; etc...; is essential to risk reduction.
You can/may prove successful by "holding and hoping for the best" but this seems like gambling not investing. I believe that you will be successful during the coming 18 months, but from a very different analysis and conclusion. Gambling can be fun, but is high risk. Another recommendation: Consider and pre-plan your Investment "exit strategy",
Peace,
Good Decision-making to All,
ElJ