By Otto Rock of Inca Kola News
[biiwii comment: glad he’s reasonably impressed; I bought KGC, one of those miners conspicuous and positively diverging the sector, a while back for its chart and perceived value]
I’m reasonably impressed. A couple of charts, starting with P+L matters and it’s the drop in costs that makes the difference to gross margin:
Here’s one of the balance sheet charts, showing how working capital is better than a year ago, little changed from 1q17overall but the proportion of liquid cash has improved. K could go out and buy something, even while finishing Tasiast.
BV/share is now a couple of tenths under U$3.50, which puts the price/book ratio at 1.18X. Room for improvement there.
This time last year Special K was a U$5+ stock. No reason why it can’t revisit that level.
Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.