If DOM management guidance is correct and the company is on track to return to 120000 ounces per year, then KCN has a cheap buy on its hands
Fortunately both companies only have around 100 million shares on issue, so the new combined companies only have 130+ million shares
KCN apparently unhedged and DOM with very little forward sold.
So I wouldn't expect any downward pressure on KCN, with the proviso of course that the gold price is simply consolidating.
As a DOM holder, I think KCN are in cheap, which as a future KCN shareholder is maybe a good thing.
kcn coming for dom, page-15
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Last
$1.68 |
Change
0.005(0.30%) |
Mkt cap ! $433.0M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.69 | $1.65 | $694.0K | 416.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10546 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.68 | 6584 | 3 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |