I honestly thought once SPP overhang KCN sp will lift.. I think raising may have done some structural damage to sp. For a while we had floor price of $1.50.
KCN has sufficient funds to progress ramp up to full production to be completed by end of this year. Next quarterly we should see revenue / receipts from clients from the gold processing of the low grade stockpile and also the assessment of the profitability of processing that ore.
To get back above $2 I think we need some additional value generated.. this could be from positive news i.e. settlement royalty concessions, award of additional SPLs.
General discussion, page-2405
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$1.67 |
Change
-0.025(1.48%) |
Mkt cap ! $429.1M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.72 | $1.66 | $916.1K | 543.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7253 | $1.66 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 38183 | 1 |
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| KCN (ASX) Chart |