SYDNEY—The ouster of Kingsgate Consolidated Ltd.’s two most senior executives just weeks after they started their jobs had its roots in moves to examine the sale of a major silver-and-gold deposit in Chile and refocus on Papua New Guinea.
Chief Executive Geoff Day, a former Newcrest Mining Ltd. executive, was abruptly shown the door along with Chief Financial Officer Austen Perrin in mid-October after Kingsgate’s directors discovered...
I can't read the full article from WSJ: http://www.wsj.com/articles/kingsgate-consolidateds-management-changes-spotlighted-1416920022
But it sounds a bit stupid. Selling our most near-term asset and restarting in PNG? Clearly shareholders are holding for our existing assets, and not for some PNG idea that we've never heard of.
Management Changes
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $493.4K | 316.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2587 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2944 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.55 |
Change
0.005 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.54 | 28463 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KCN (ASX) Chart |