"I wasn't aware though that we had accumulated loses on the balance sheet of nearly $700,000,000 to write off against future profits. This stock just gets better and better!"
Wary
You need to be extra wary about what LG posts, and work out the facts for yourself.
Firstly we do not know how the tax rules work in Thailand and the extent to which they recognise past loses on the Akara operations. I assume any tax losses there would mostly relate to their activities after 2016 because their operations seemed to be profitable while they were mining.
Secondly much of KCNs past losses would relate to its activities outside of Thailand, eg they took over DOM at a massive premium and found out it was a dud. They also would be carrying losses from their activities in silver tenement acquisitions and exploration in Oz and Chile.
Finally, I assume KCN has written down its assets in Thailand due to operational uncertainty. This would appear as a loss making book entry in the accounts, and will to some extent be adjusted up once they are back mining and an agreement has been reached with the Thai govt. I have not checked the accounts so I could be wrong on this point.
LG's posts are strictly for laughs.
GL
loki
- Forums
- ASX - By Stock
- KCN
- Short Squeeze on Sale of Neuva Esperanza or 1st Gold pour
Short Squeeze on Sale of Neuva Esperanza or 1st Gold pour, page-321
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.65 |
Change
0.070(4.43%) |
Mkt cap ! $425.2M |
Open | High | Low | Value | Volume |
$1.63 | $1.68 | $1.62 | $858.1K | 520.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8431 | $1.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.65 | 45705 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6134 | 1.630 |
1 | 20000 | 1.620 |
1 | 312 | 1.605 |
1 | 1886 | 1.590 |
1 | 1000 | 1.585 |
Price($) | Vol. | No. |
---|---|---|
1.650 | 45705 | 3 |
1.675 | 26000 | 2 |
1.680 | 25984 | 2 |
1.690 | 10590 | 2 |
1.710 | 5986 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |