re: bit of interest today. yorick
lol - but if you had sold andean at about 45c, when kcn were about $6, and then purchased kcn, then you would still be in front. let me do the maths.
present price of andean 27c this is 18c lower than 45c or a decrease in value of 40%
kcn's present price is $4.75, which is a 20% decrease in value (from $6)
anyway - great news for kcn today - but still waiting the grant of mining leases for chatree north
indeed, todays report is one of the reasons why i contended that kcn were paying too much for andean. kcn are of the opinion that there could be several large gold mines in the general region - it is akin to finding a new kalgoorlie, with all of the associated mineralization. the company has announced that there are more than 30 significant gold prospects. odds are that one or more of these should end up being a mine, which will add considerably to resource oz
kcn have the money, the personnel and the drill rigs, available to explore the new leases. compare that to the paltry resources available to andean. without double checking my info, but i was under the impression that andean were going to get a second rig
AND Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
