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[sharechat] KCN...aux

From:	"Russell" <russell.j@xtra.co.nz>
Date:	Tue, 3 Feb 2004 17:24:52 +1300 (New Zealand Daylight Time)

I recieved their quarterly report today, I seemed to me very good and easy to understand, full of all the right words 20% increase in production, Gold mineing is their bussiness and they are producing it at US$117 per ounce.

The one weakness they have is they have only one mine [as GYM did] however gold does not burn as well as coal mines.

I purchased on 9/12/03 feeling very sure of myself [they do pay a div unlike some gold shares] and basically the price has gone down big time.[ have lost 19%]

Im hanging in and can see no reason to sell and take a loss of 19% at present.

Does any one know what is happening?

Allan.

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