RE:KNTNF Valuation (ie price) by Nov 15 End of Daytuesdaynightid,
Your post is identifying a potential short-range opportunity, since upcoming trailing twelve months(ttm) Earnings per share, will clearly(based on already publically released Operating Results for Q3, 2024) register a large increase.
When you ask:
"Why isn't the price moving if these analyst eps estimates are correct? Are the AISC costs higher than expected or other??.... I offer two observations:
1. Average Head Gold Equiv. Grade in the Q3, 2024 feed was 13.8 g/t which is significantly above year 2023 Actual feed grade of 7.9 g/t and Q3, 2024 Head Gold Grade at 13.0 g/t which compares to 6.8 g/t average in year 2023 and 8.3 g/t average in year 2022.
2. Sale of approx. 2,450 ozs. of Gold from inventory in Q3, 2024 also impacts financial performance numbers in a "one-time-effect" type of influence, which will assure lower AISC number for Q3, 2024 compared to Q2, 2024.
Because my modeling indicates Q3, 2024 Earnings/share in a range that is in excess of $0.12 with ttm eps > $0.24, a positive Market reaction would be a reasonable expectation upon release of the Q3, 2024 Financial results after trading closes tonight,... however other market conditions such as recent decline in Gold Price add to investment uncertainty and risks.
I have added to KNT holdings this week as a perceived opportunity,
Peace,
Good decision-making to all,
ElJ