The company needs to explain why it is holding so much dore gold/silver rather then sending it to be refinery so that KCN can acctually build up its cash reserve. Unless KCN is allowed to export the dore to a refinery outside of Thailand the dore is not doing the company any good just sitting in its storage room and not being turned into cash. This issue is one more of the many problems that KCN has in financing its operations from its normal business activities and enables the Thais to have leverage over it during negotiations by constraining the company financially.
Hopefully someone dialing into the webiner asks about this issue and how it will be resolved particularly once production increases with higher grade ore to be mined and the second mill expected to be operational later this year.
If the current refiner is having difficulty in processing the dore in a timely manner then KCN should have it processed elsewhere.
GLA
loki
The company needs to explain why it is holding so much dore...
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Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $403.3M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $481.1K | 309.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1805 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 8164 | 8 |
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| Last trade - 15.54pm 06/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.54 | 28463 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KCN (ASX) Chart |