My take on the previous announcements about settlement is that KCN will get some benefits in the form of:
- grants for the refurbishment
- grants for green initiatives
- royalty holidays
Tax holidays for 8 years have already been announced.
All of this impacts what short term money needs to be borrowed.
This all needs to be sorted before gold production, so I think we will know soon!
Hesitation to commit to Taurus or banks seems to be from KCN, not that there is a problem with lending offers.
Market is pricing in lending issues that I don't believe exist.
I now have my fill of shares, having topped up today. I will hold long term and hope for a nice feed of dividends for a company that will reduce the share pool over time.
Bridging Finance, page-6
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Last
$1.58 |
Change
-0.015(0.94%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.64 | $1.57 | $580.5K | 364.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9997 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 5953 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |