Kincora Copper Ltd V.KCC

Buying up KCC shares

[EnglishBay]

...all day long at these sub-$0.20 levels. Liked the Trundle hole 22 intercepts a lot and looking forward to the scissor hole results to come. Plus all the other value added plays in their growing portfolio.

Copper down, risk-on commodity assets broadly selling off, USD rising, which shouldn't affect KCC value at this stage in their development. These macro factors will all largely abate before year-end too. 

When people are fearful and whining it's time to get a little greedy.

[BueBoy]

I agree, we could all look back on this and think when didn't I buy after another tempting update this week. A few years ago I would be piling in. But reality is this won't move until they report a hit. Too many times through Mongolia the first and second times and now NSW these updates have been dangling the carrot but no cigar. KCC has burnt through millions of dollars, management have

[EnglishBay]

Agree with all your points as well. I try to put their failures in Mongolia (and my investment time wasted there) behind me and look at the opportunity in NSW as a new investment. They have been up and running in NSW for just under a year and a half approx, still pretty early days to hit a big discovery hole. As you say, this stock price definitely won't move with any real conviction until

[BueBoy]

It's all a hope and a prayer.   I accept what you say about NSW being a new opportunity but for me you judge management on past achievements. It was worth a punt on the high quality field team finding something in Mongolia particularly when there had been a past offer for Bronze Fox of $50m. But when they didn't hit and the price hit 1c there was no exit and like you I stayed