It sounds reasonable. If not wanting to sell it for the prices offered, then IPO it, gain cash from selling 50% and retain 50% (or distribute them to shareholders).
But this would require a NE resource update at the least. Or a resource update plus a PFS update.
FY25 P&L Predictions, page-8
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $323.4M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $240.7K | 191.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1920 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 7667 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |