Macquarie Bank rate KCN “Underperform” with a target price of $0.50.
Key points of Macquarie note:
- Surprise exit of CEO, CFO, NED
- Concerned by reserves downgrade at Chatree – reduction of reserves by 420koz, much more than the 135koz of production in FY14
- Downgrade in avg grade of Chatree reserves from 0.87g/t to 0.80g/t
- Forecast losses for next two years for KCN, only just break even in FY17
- Reserves and grade reduction shortens Chatree mine life by 2 years
Macquarie price target $0.50
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.35 |
Change
-0.015(1.10%) |
Mkt cap ! $350.5M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.37 | $1.33 | $133.5K | 98.58K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3799 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 289 | 12 |
View Market Depth
| Last trade - 12.40pm 28/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |