ML they can't do a buy back because they have 47m cash and 175m debt. In fact i don't know why they do a dividend when that is you're cash position. They should pay down the debt first.
Challenger total costs for the qtr $2227. I calculate KCN group total costs for the qtr as $1526 and for the year to date as US$1323 using the figures quoted on p4 of the quarterly so they are barely making a profit if at all at current gold price.
Cash down from $52.8m to $47.1m but that was from operating at a higher gold price than now.
No definitive explanations as to how they are going to improve Challenger which has been making a loss all year. I'm not selling here but i'm certainly not buying either.
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Last
$1.30 |
Change
0.055(4.42%) |
Mkt cap ! $335.0M |
Open | High | Low | Value | Volume |
$1.25 | $1.30 | $1.25 | $316.6K | 246.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 2316 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 1.300 |
1 | 20063 | 1.290 |
1 | 2316 | 1.280 |
2 | 17316 | 1.275 |
1 | 10000 | 1.265 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 2316 | 1 |
1.315 | 2316 | 1 |
1.350 | 3787 | 1 |
1.360 | 13000 | 2 |
1.370 | 1500 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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KCN (ASX) Chart |