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Bullboard - Stock Discussion Forum 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... see more

TSX:KNT - Post Discussion

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Post by robertwfb on Jun 14, 2022 4:14pm

out

well after a little more than three years I am finally out of k92. I thought things would be much better by now but there is just too much manipulation in the gold market ( the bastuds). but never the less managed to walk away with a 5 bagger so can't complain too much. still think k92 will do well just can't wait for the big growth any more and need the money for other opportunities. good luck to k95 you did me well!
Comment by cyber37 on Jun 15, 2022 2:56pm
While it is true that company like KNT doesn’t benefit directly from a high share price unless they are able to issue more equity at high level; BUT this latest financing  looks more like a disrespectful (to existing shareholders) money grab. In times of turbulent economies & war gold was traditionally a good place to park your capital & this is why despite my profitable run with KNT ...more  
Comment by Rachaya on Jun 15, 2022 5:04pm
Sure didn't feel like a face slap , butt kick .... to me.  Really looks like a little hedging to me.  Other gold companies are hedging the price of gold, since it is very risky times.  If K92 goes to $12 then yeah, bad move.  If the price of gold tanks and K92 starts earning much less , than brilliant move.  That is what hedging is.  Seems a great time to hedge a ...more  
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