interesting doing a buy back, usually works out nicely for shareholders.
probably puts a floor in at 30c
Chile assets would get at least $100million on a trade sale, say 50c a share. refer to Note 14 of the accounts for detailed assessment of fair value
Then we have potential restart of Chatree plus insurance payout.
I think they should spin Chile off into a new entity, raise cash from punters as part of the spin off as part of the debt/equity financing of the mine. They should do that after finals feasibility study.
The remaining assets retained in KCN. That's how you maximise value for the punters
Without a doubt KCN offers best risk/return ratio amongst gold equities right now if you are prepared to wager a positive outcome with Chatree
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Ann: Announcement of buy-back - Appendix 3C, page-2
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M |
Open | High | Low | Value | Volume |
$1.37 | $1.37 | $1.34 | $367.6K | 272.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | $1.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 1462 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 1.345 |
1 | 10196 | 1.340 |
3 | 29032 | 1.335 |
2 | 21552 | 1.330 |
2 | 2282 | 1.325 |
Price($) | Vol. | No. |
---|---|---|
1.355 | 1462 | 1 |
1.360 | 1552 | 1 |
1.365 | 1552 | 1 |
1.370 | 39295 | 1 |
1.385 | 38 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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KCN (ASX) Chart |