iInvest have identified a speculative trading opportunity in Kingsgate Consolidated (ASX: KCN) Kingsgate is a gold mining, development and exploration company.
The board of Kingsgate believe the price of the company’s shares is undervalued, and the board has recently announced a Buy-Back of the company’s shares, for up to 10% of the listed stock. The board believe this will provide a benefit to shareholders, and the company’s share price.
Kingsgate is currently trading at $0.36, with the potential for the stock to push back towards its recent high of $0.535
As this is a speculative trading opportunity, there is no recommendation on the stock from our research team. Please find attached a brief profile on the company.
If you would like to discuss this investment opportunity please call or email your adviser.
**Note: This is a speculative trading opportunity, and may not be suitable for all investors. The information contained in this e-mail is for general information purposes only. It does not take into account your personal circumstances, financial situation, objectives or needs.KCN