the last time KMC was at 13-14c i was phoned by my broker asking did i wanted out. I stayed in, but subsequently broker inferred (not stated, so it is my enterpretation) that it was pumped to that level to allow an exit of those that paid 15.5c in an issue.
I dont know what went wrong but with hindsight is it easy to see that the last 2 quarterlies were hiding the total cost of mining Bullant. I can only think that they got the costs of digging and grades very,very wrong.
I have written off my investment, and my broker, who i believe used and abused me in recommending stock (not just KMC) I'm far better off just doing my own research.
KMC Price at posting:
2.0¢ Sentiment: None Disclosure: Held