Financiers provide finance with a view to making a reasonable profit with regard to the risk, simple as that.
If management are stupid enough to allow their financial position to get to a stage of desperation then they will pay the price, that is self evident from what KCN has experienced.
You speak of attaining positive cash flow as if it was a certainty, it has not been achieved and if it is not achieved in pretty quick fashion we are going to experience some very nasty circumstances.
I consider the potential of the mine to be excellent, however, i will not look at the current position through rose tinted glasses when management have consistently made promises and failed to deliver - it is getting to the stage that if they again fail the outcome may be catastrophic and that naturally concerns me - I am not missing anything I am looking at the position from a dispassionate viewpoint as is my wont
General discussion, page-3549
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Last
$1.43 |
Change
-0.025(1.72%) |
Mkt cap ! $367.2M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.37 | $1.527M | 1.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6235 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 21521 | 1 |
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| KCN (ASX) Chart |