We hold a small position in KGN in our Emerging Companies Portfolio which is showing some excellent paper profits although they have diminished of late. Once KGN deals with its inventory issues we feel the selling will prove to be significantly overdone and while catching the proverbial falling knife is a very dangerous game a forecasted yield above 3% fully franked should soften the risk slightly. We are now starting to like KGN into any further weakness as an aggressive play.
MM thinks the next 25% for KGN is up
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