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Gymjunky

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19/05/23

19:51

Post #: 67872226
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Originally posted by Dalts365: ↑

When I was studying to become a paramedic, we would use a system to debrief after a call.

What did we do right and what can we do better?!

So, what can the company do better? There are a few things, like communication, but below I want to highlight a big thing, that in my opinion will have a MATERIAL impact on the company.

At the end of this year, KCN should presumably have both plants up and running, be completely debt free, and have guidance of at least 100,000 ounces for 2024. We should be making AUD $1,200 profit per ounce which is approximately $0.46c profit per share in 2024.

I can not understand why, the Thai bank loan of USD 30m isn't a HUGE priority for the company. Considering the finances outlined above, we need these funds and we MUST start a buy-back of shares.

Under the Corporations Act, KCN may buy back up to 10% of the issued capital in any 12-month period without shareholder approval.

If the bank loan prohibits us from using the loan for a buy-back then use the loan for everything else and use our current revenue for the buy-back.

It is insane that the company has a SP of $1.3 and we have no access to funds for a buy-back.

I will be conceying this message to the company when I speak with them, next week.

The days of a SP this low must come to an end immediatly and the CEO, Chairman and Board but start playing ball a little harder.

Expand

The buy back only lasts for 12 months and is currently out of date.So at the next AGM they will vote on it again.It will be back.

KCN Price at posting: $1.30 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.26		Change 0.000(0.00%)		Mkt cap ! $324.7M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	1613	$1.51

Sellers (Offers)

Price($)	Vol.	No.
$1.16	12500	1

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No.	Vol.	Price($)
1	1613	1.510
4	60268	1.320
1	3000	1.300
5	36653	1.295
2	10259	1.270

Price($)	Vol.	No.
1.160	17500	2
1.190	10000	1
1.200	18937	5
1.210	12500	1
1.220	600	1

Last trade - 09.58am 12/11/2024 (20 minute delay)

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General discussion, page-2615

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