I am concerned that GT talks KCN up too much.
eg he said on 12 Oct that the Sep Qtr would be poor ... but it was actually quite a lot worse than expected (ie 20 koz vs historical Sep Qtr of 28-34 koz). I don't think the result actually matters that much, but it does point to a lack of credibility.
I dont believe that this is an isolated occurance, eg last year he was saying the leases were imminent - while some progress has been made, it has been slow.
Similarly at one stage he was taking about delaying the selldown (which didnt occur).
Costs and exploration prospectivity seem A1.
He said that details of the selldown will be announced mid-Nov, perhaps at the AGM (15 Nov).
Does anyone have a view on the likely price that KCN will receive? I seem to remember reading that "full value" will be received ... I am skeptical on this.
poor quarterly, page-8
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Last
$1.26 |
Change
-0.140(10.0%) |
Mkt cap ! $333.7M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.37 | $1.25 | $2.156M | 1.662M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 127650 | 3 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |