The best buyer of Kingsgate would be the Thai Government themselves.
The could effectively nationalise the Akara mine and more importantly they could bury the TAFTA dispute forever. The Thai government can IPO the company themselves later on once production is up to speed.
Even at $5/ share the Thai’s would be ahead as TAFTA goes away.
Is Kingsgate (KCN) a Prime M&A Target?, page-56
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Last
$1.34 |
Change
0.013(0.94%) |
Mkt cap ! $346.0M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.34 | $1.34 | $1.9K | 1.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 9484 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 32106 | 6 |
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| Last trade - 10.35am 10/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |