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1.28%

7.9¢ kingston resources limited

What happened to Misima Project?, page-20

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Sharetrader78

12,720 Posts.

1809

23/04/24

12:25

Post #: 73474493
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Originally posted by tim000: ↑

Until now KSN has not had the resources to even fund a JV development of Misima, making it vulnerable to opportunistic offers from JV bidders. The profits KSN is about to make from the open pit and U/G mines in the next few years will change that. The cash it accumulates can be multiplied by access to affordable debt, without the need for underpriced equity. If prospective JV developers of Misima want in they will no longer be able to exploit KSN’s weak finances. This means a JV is much more likely to proceed, and can be factored in to the share price. The outlook for KSN has never been this good imho, given a high pog and the profits it’s about to generate from Mineral Hill. Not at all reflected in the current share price.

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yes Tim you are 100% correct at some point KSN will update the market to the forward production numbers using present metal prices and pathways for Misima maybe we already have offers on the table at more than marketcap but Mgmt see better value holding and keeping controlling interests 51%+ of a major 20yr+ 120-140koz Gold eq producer + mineral hill longer life operation we would have to be commanding billion+ cap

KSN Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.9¢		Change 0.001(1.28%)		Mkt cap ! $55.85M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.6¢	$44.15K	567.0K

Buyers (Bids)

No.	Vol.	Price($)
1	35000	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	119248	2

View Market Depth

No.	Vol.	Price($)
1	35000	0.076
1	40000	0.075
2	43520	0.074
3	139668	0.073
1	41000	0.072

Price($)	Vol.	No.
0.079	119248	2
0.080	100000	1
0.083	388940	1
0.084	448229	4
0.085	2658957	4

Last trade - 16.10pm 25/06/2024 (20 minute delay)

KSN (ASX) Chart