Post by
TaylorB on Feb 22, 2024 8:12pm
Disappointing as usual
K92 has a great property but they always seem to be a couple years away from making any real money. Quarter after quarter, they miss eps estimates and miss their production guidance. There have been one or two quarters over the last five years when they have surprised to the upside but the other 18 quarters they've missed estimates. There's usually some excuse about unplanned down time but won't there always be unplanned down time? The bottom line us that no matter how much progress they're making on their expansion or how many ounces they have in the ground or how many good drill results they have, none of that will matter for the share price unless they can make money. Based on their current guidance and AISC, it's hard to imagine the company making more than 25 cents a share in 2024. If that's the case, the shares are fully valued at today's price. I've held this stock for many years but it's been nothing but a disappointment since the summer of 2020.
Comment by
Chatzkal on Feb 22, 2024 11:04pm
i actually will your assesment.