KIN 3.45% 5.6¢ kin mining nl

Ann: Trading Halt, page-24

  1. 3,014 Posts.
    lightbulb Created with Sketch. 195
    We will never know what went down leading up to the blood letting of the TD and resignation of the MD . I don't think we should assume too much too early.

    I do not know , but it is not unreasonable to suspect that there has been "slippage" in the construction schedule which will increase cost. The project management iron triangle of scope , cost and schedule persists. You cannot change one without affecting another while maintaining quality .
    There have been a number of factors , imo that could have come into play being weather , departure of TD and MD and hence (possibly) inadequate project controls and monitoring of progress , etc.

    The only other scenario really (given the wording of the Trading Halt) is that the schedule has been able to be reduced due to some risk / reward scenario that has gone our way which would reduce the cost. Theoretically , given the announcement of only a few weeks ago that everything is ahead of budget , schedule , etc., one would think that this is the case.

    Either that or they now have a new MD who has reviewed the scope , schedule and cost and come up with a different answer given that the scope and quality do not change ?

    My opinion only , dyor.
 
watchlist Created with Sketch. Add KIN (ASX) to my watchlist
(20min delay)
Last
5.6¢
Change
-0.002(3.45%)
Mkt cap ! $65.97M
Open High Low Value Volume
5.8¢ 5.8¢ 5.6¢ $12.51K 219.8K

Buyers (Bids)

No. Vol. Price($)
4 443745 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.7¢ 331868 1
View Market Depth
Last trade - 15.59pm 23/07/2024 (20 minute delay) ?
KIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.