All the announcements that KCN has made recently have clearly shown that they were completely starved of cash - the CR should not surprise anyone, it was inevitable.
At least it is being done at a reasonable price & retail investors are being given a piece of the CR if they want it. It also avoids the necessity to just bend over in front of Taurus which would most likely have resulted in a very sore bottom!
As long as they have done their sums properly (by no means a certainty) this chunk of cash should enable them to progress what appears to be a good asset to the point where it is not only self-funding but becomes a surplus cash generator.
To me, the major risk to projects at KCN’s stage is funding, the CR significantly reduces that risk so I am a happy little unit. If the share price drops below the CR price, as is often the case in these circumstances, I will be even happier
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Last
$1.36 |
Change
-0.015(1.09%) |
Mkt cap ! $349.2M |
Open | High | Low | Value | Volume |
$1.40 | $1.43 | $1.36 | $1.674M | 1.220M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 34526 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.37 | 468 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 34526 | 1.355 |
3 | 110026 | 1.350 |
1 | 5000 | 1.345 |
3 | 5550 | 1.340 |
1 | 5000 | 1.335 |
Price($) | Vol. | No. |
---|---|---|
1.365 | 468 | 1 |
1.400 | 1551 | 1 |
1.405 | 2480 | 1 |
1.410 | 7480 | 2 |
1.415 | 12480 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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