Keegan Resources -kgn- was featured on Ink insider this morning. They are a gold exploration co. in Ghana. Insiders are buying in the writeup. The interesting part for me was that their 52 week high was $5.85 with a 52 week low of .49. Does this look familiar to anyone? They are currently trading @ $2.20.
They have identified 1.67 million oz ,are expecting to get to 3 million and hope for 5 million. With kxl @ .80,I would say that we are not getting any respect. The question is Why? We all know about kxl being located in Canada ,with a ready workforce, infrastructure etc. We seem to have found gold ( discovery of the year ) and have uranium properties and money as well. So why still .80?
Are we missing something or is everyone else? Before some of you label me a fear monger or basher please understand that I am just adding perspective and raising issues that we shoud all be concerned about. Just having unlimited faith in management is not enough. They will not pay my bills if they fail to deliver. Rico