KCN 3.12% $1.56 kingsgate consolidated limited.

Ann: Chatree Gold Mine Operational Update, page-39

  1. 5,781 Posts.
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    Take delivery of new equipment on 48 month payment terms.
    Save fuel / have improved uptime.
    Sell old ones and gain funds upfront. So it's similar to a loan (gain some funds now, then pay for new ones monthly).

    But that's probably over optimistic. Maybe selling 'equipment needing maintenance' will not be for a good price, and will not be quick.



    As you said - lacking transparency eg. price of the new equipment.
 
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