The other aspect of this relates to a takeover, as discussed on one of the other threads: spinning out NE makes KCN more tempting for an EMR type predator. They would prefer (I suspect) not to have to deal with an orphan asset half a world away.
The way forward is becoming clearer.
IPO floating Neuva Esperanza as a seperate company, page-3
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Last
$1.43 |
Change
-0.025(1.72%) |
Mkt cap ! $367.2M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.37 | $1.527M | 1.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6235 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 21521 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |