The story of how Chatree turn KCN into a blue chip stock and it fall from grace is a well known story in the investment community.. There are alot of skeptics.
I recall one of the Atlassian co-founders buying a big stake at around $1 betting on resumption of production, this is when Chatree mine operations suspended for review (before the processing license taken away). I think he got burnt and liquidated his holdings.
It been a long journey to get here.. PRI claim, metal tiger board spill, low ball bid by Thai businessman... just get over this headwind.. the momentum will gain pace and there is a lot of upside that you have mentioned. And 'repeat systems', 'potential access higher grades from quartz lease'....
Ann: Becoming a substantial holder, page-25
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Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |