Thanks and interesting schedule miningnut.
Not my base case we'll be spending $7.5M/month on the buy-back.
As alluded to previous once the market understands we have surplus cash flow to undertake the buy-back the share price will front run the buy back itself. In other words I'd see it being very unlikely they could pick-up the volume of shares required even if they wanted to at double the current price.
Additionally, Zurich repayment schedule is subject to ongoing discussions and therefore negotiation. We're unlikely to want to voluntary pay them $10M too early on as we scale up.
As such the bank balance should be comfortable above $50M by Christmas with some debts extinguished.
- Forums
- ASX - By Stock
- KCN
- Ann: Chatree Gold Mine Update
Ann: Chatree Gold Mine Update, page-26
-
- There are more pages in this discussion • 104 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.62 |
Change
0.020(1.25%) |
Mkt cap ! $417.5M |
Open | High | Low | Value | Volume |
$1.61 | $1.66 | $1.59 | $939.6K | 581.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7553 | $1.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.62 | 5378 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5573 | 1.590 |
1 | 5000 | 1.575 |
2 | 27600 | 1.560 |
1 | 2500 | 1.520 |
1 | 662 | 1.510 |
Price($) | Vol. | No. |
---|---|---|
1.620 | 3398 | 1 |
1.640 | 10000 | 1 |
1.650 | 10000 | 1 |
1.660 | 20904 | 1 |
1.695 | 6602 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online