KCN - Kingsgate Consolidated

[finicky]

I'll indulge myself and be pedantic.
While 20dma is a handy guide I've never heard it mentioned as a "key" indicator. Usually the 50dma and 200dma are given more importance. For example the first and only chart I've looked at for a comparison on this 'theme' was the stock I have the most interest in, which is Codan (CDA). Looking at that you can see that over two and a half years CDA has been in a bullish trend, interrupted only once, but the chart has crossed the 20dma heaps of times. Except for the one interruption mentioned, the price usually retreats when the 'spread' between the rising 20dma and the rising 50dma widens significantly after which it 'corrects' to somewhere near the 50dma.
To sum up, crossing the 20dma in itself has not been a big deal - not in this one bull trend example anyway

 

[UMike]

Great.... Because I hope KCN has still a way to go.
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Made a 50 one.

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Got hit by a bit of laziness so not going to Visit this year. Would Like to see the mine next year.

 

[UMike]

Still around the $2.40 mark.
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As it got to the $2.64 mark I set a target of $2.75 to lighten up on.
Still a wait and see.......

 

[finicky]

It's weakening but still above the rising 50dma, Bit sick. Has put in a lower daily high and in danger of a lower low. If you put a ruler under the lows of the uptrend you need to keep lowering the angle to capture the lows = 'overbalancing the trend'. Could be just corrective. Needs some positive news or the gold price to perk up? Or maybe just time.

DAILY

 

[UMike]

Still around the $2.40 mark.
.
As it got to the $2.64 mark I set a target of $2.75 to lighten up on.
Still a wait and see.......

Did this @$2.88.
Last lot in the Personal is one bought Oct for $1.25
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Might let it go if the price remains about where it is now.
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The lot in the Super I'll keep for a long time gaining value I hope.

 

[finicky]

An ethics breach?
In Thailand!?

 

[UMike]

Political elites and those with money determine ethics.
And they rarely go along the lines of decent standards,
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Opinion based on the last year of living and working there recently.
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Once again they are perverting the will of the people.

 

[finicky]

Via 'Market Matters' today:
Kingsgate Consolidated Raised to Buy at Canaccord; PT A$4.95

Not Held

 

[UMike]

Kingsgate Consolidated (KCN)

• Upgraded to buy from speculative buy at Canaccord Genuity; Price Target: $4.95 from $4.50

A massive advancement of the current price of $3.
A lot of things have to go right.
Pretty sure I'd have sold them all before it passed $4.

 

[finicky]

They're guessing. Maybe if the company's left to do its job but I imagine the scheming that will go on amongst the army and government elite and any land owner who can cook up a claim as the mine and resources become more and more valuable. Like living near a dormant volcano known to occasionally erupt for farang shareholders. Bit of a rant, still embittered.

Lol, I asked A.I. "Has Canaccord done work for Kingsgate"

"Yes, Canaccord Genuity brokers have worked with Kingsgate Consolidated, providing equity research, analyst coverage, and holding a "Speculative Buy" rating on Kingsgate's stock at least as of late 2024 and early 2025. Canaccord has also stated its intention to seek or receive compensation for investment banking services from Kingsgate.

Examples of Canaccord Genuity's work with Kingsgate Consolidated:

Equity Research & Ratings: Canaccord Genuity has published research reports on Kingsgate Consolidated, providing analyst coverage and issuing a "Speculative Buy" rating on the company's stock.

Investment Banking Services: According to a disclosure from March 2025, Canaccord Genuity stated that it intended to receive compensation for investment banking services from Kingsgate Consolidated in the near future.

Analyst Site Visits: An analyst from Canaccord Genuity visited the material operations of Kingsgate Consolidated, with partial payment received for travel costs"