This is not a good announcement. This is the bare minimum announcement that should have been happening for months
A good announcement would be
A) Sale on NE for USD $50m cash
B) $35m Thai bank consortium loan secured.
C) Kingsgate announces buy back of up to 10% of shares.
I wrote to the company yesterday and made it clear. I am not happy that they do nothing about not having finance and doing nothing about a capitulating share price when they can actually be doing a buy back.
It's a sad state of affairs that will only see the SP do anything descent after plant 1 is finished in January or February next year and when we can spend revenue on a buy back. Until then, do not be surprised is we test $1
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$1.38 |
Change
-0.080(5.48%) |
Mkt cap ! $355.6M |
Open | High | Low | Value | Volume |
$1.46 | $1.46 | $1.38 | $790.9K | 564.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 24999 | $1.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 2446 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 15000 | 1.355 |
1 | 3650 | 1.345 |
2 | 8000 | 1.340 |
1 | 6141 | 1.335 |
1 | 376 | 1.330 |
Price($) | Vol. | No. |
---|---|---|
1.420 | 40000 | 1 |
1.490 | 4258 | 2 |
1.495 | 7500 | 1 |
1.500 | 12112 | 3 |
1.530 | 11094 | 1 |
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