steadyasshegoes
15 Apr 2015
Re: Bother! All change Hi PB thank you for replying to me I came so close to pushing the sell button earlier today and then changed my mind thinking they may recover a bit from 300 so I was pleased when I login to see they had moved a little higher. I do really love this company and George Ogilvie who is doing amazing things with the company it is a shame that they will no longer be on AIM. I will hold on for a little longer to see what happens. The trouble with me is I fall in love with some stocks and hate selling them, Norseman was one of favourite Gold stock which went to about £6 at one time but I didn't sell so still have them at a huge loss I never learn!!. My favourite stock at the moment is Cloudbuy which I am making a profit on also Nanoco one of my favourites with their quantum dots for most TVs etc.Best regardsPamela
paddington_bear
15 Apr 2015
Re: Bother! All change Good evening Pamela. Not so much should you cut but you must as will no longer be on AIM from end July, only on the Toronto exchange TSX, That is available through most brokers at around Can $ 6.05 today. The danger of waiting nearer the expiry date is that sometimes games begin so that "UK" price against same share in Canadian dollars differs sharply, because professionals know you must sell by that date so low ball the offer or increase the spread. chance the share rose a couple more pence today,probably due to general market record breaking rise.Personally I sold today as I have other goldies and cash pot, waiting for Grexit, UK election situations etc to become clearer. On a short term (months) some cash may prove highly effective. Should KGI price ease back, I would certainly consider buying again as I am happy with the way George Ogilvie is turning it around. DYORGood luckPB
steadyasshegoes
15 Apr 2015
Re: Bother! All change HiI have only just bought mine a few weeks ago at 305 do you think I should cut these. This seemed a brilliant company and was getting excited yesterday when I looked and I was actually in profit albeit small RegardsPamela
paddington_bear
15 Apr 2015
Bother! All change The shock announcement today that the AIM listing will cease from July 31st is very inconvenient, but has allowed crystalisation of a 70% profit. It is entirely likely that opportunities may arise to buy Canadian TSX version at some point, but with the farcical equanimity in the UK market ahead of electoral chaos and ever growing signs of market stress in North America on the back of consistently revised "growth" for companies and their economies, cash is also a good place to be.It is possible a squeeze may occur as the cancellation date approaches, so safety first. It is a pity as the KGI story was continuing to brighten the pospects here but there is always another starting point. DYORPB.
paddington_bear
11 Mar 2015
Patches of sunlight After a year in charge operationally, Mr Ogilvie can look back with pride on some of his achievements here. Comparing the latest quarter (Fiscal 3) with that of last year where his new mine plan was just being introduced at the start of November, the two years compare thus; 2013 2014Cash cost per oz (C$) 1094 766AISC (CS) 1923 1249Oz produced 31022 39722Cash flow (C$million) (1.7) 11.6Profit/loss (C$million) (6.1) 4.2The switch to higher grades is obviously working, with 26% more ounces produced with 17% fewer employees and by milling 7 tons a day less ore. An impressive mill recovery rate of 96.6% must be the envy of many mining companies.Vitally, the last 3 quarters have made a profit as the key breakeven figure of C$1350 oz continues to be beaten for now. Dents have been made in the debt pile, but the time for cool appraisal is when annual results arrive in the next period as the mine settles down to grinding out results.Mr Eric Sprott has reinforced his presence with appointment as Chairman and enhanced share ownership - let us hope this brings benefits. Meanwhile, Mr Ogilvie has followed his courageous path by stating that all major targets would be met and several such as minimum production and cash flows would be exceeded .So whilst we are a long, long way from sunny meadows, at least there are bursts of sunlight through the woods to sustain us as other goldminers go out of business.PB.
LINTON5
27 Dec 2014
Re: GOOD LUCK Can't believe we're back at these prices,this company is just asking to be taken over I'm sure someone will make a bid for kgi to test the water. Wat a bargain anything under $10 dollars will be a steal and getting the best quality gold in the land,I'm sure the company wouldn't accept that surely? Don't let go of your shares guys
paddington_bear
10 Dec 2014
Chugging along, no derailment yet Satisfactory second quarter with steady overall production. Under pressure from weak gold price but still able to chip the top off the debt pile. The development drilling to expose more stopes for the next half year and a new level for fiscal 2016 going smoothly. These should reinforce the ability to produce around the desired grade/quantity of ore each quarter henceforth.The share price has returned to reasonable (200p) and it is now a question of hanging in there for the next two quarters as the remedial formula comes fully into effect. An extensive and easy to understand set of M & A comments plus 10th December presentation are on the website. The perverse situation of spare daily mill capacity is noted - I wonder if Mr O has added this to a few other tricks I suspect are up his sleeve if necessary.PB
