Dred - I sort of disagree. Management bought an "uneconomic gold mine & plant" (proof of this are the 3 or 4 prior corporate wreckages that this gold mine & plant have delivered). Since the purchase 6 months of no revenue - and 6 months of god only knows how much cash burn? Basically KAU have bought a "care & maitanence" scenario - and the cash KAU may have currently I am concerned will not turn the current situation they face around. Any future capital raising will have be done at a big discount (to the current price) and this will overhang the market for a very long time to come. I am sort of concerned about this plan.
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Last
16.0¢ |
Change
-0.013(7.25%) |
Mkt cap ! $32.71M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.0¢ | $57.99K | 344.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 219982 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 219982 | 0.160 |
1 | 100000 | 0.155 |
2 | 24500 | 0.150 |
1 | 69165 | 0.115 |
1 | 20000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 50000 | 1 |
0.180 | 10858 | 1 |
0.185 | 50000 | 1 |
0.190 | 51688 | 2 |
0.195 | 12825 | 2 |
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