KSN 1.32% 7.5¢ kingston resources limited

What happened to Misima Project?, page-19

  1. 353 Posts.
    lightbulb Created with Sketch. 33
    Until now KSN has not had the resources to even fund a JV development of Misima, making it vulnerable to opportunistic offers from JV bidders. The profits KSN is about to make from the open pit and U/G mines in the next few years will change that. The cash it accumulates can be multiplied by access to affordable debt, without the need for underpriced equity. If prospective JV developers of Misima want in they will no longer be able to exploit KSN’s weak finances. This means a JV is much more likely to proceed, and can be factored in to the share price. The outlook for KSN has never been this good imho, given a high pog and the profits it’s about to generate from Mineral Hill. Not at all reflected in the current share price.
 
watchlist Created with Sketch. Add KSN (ASX) to my watchlist
(20min delay)
Last
7.5¢
Change
-0.001(1.32%)
Mkt cap ! $53.02M
Open High Low Value Volume
7.7¢ 7.7¢ 7.3¢ $76.18K 1.026M

Buyers (Bids)

No. Vol. Price($)
1 98918 7.3¢
 

Sellers (Offers)

Price($) Vol. No.
7.5¢ 229600 1
View Market Depth
Last trade - 15.54pm 17/06/2024 (20 minute delay) ?
Last
7.5¢
  Change
-0.001 ( 1.32 %)
Open High Low Volume
7.4¢ 7.6¢ 7.3¢ 205268
Last updated 15.54pm 17/06/2024 ?
KSN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.