KCN 1.59% $1.55 kingsgate consolidated limited.

Ann: Corporate Update, page-34

  1. 10,580 Posts.
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    Obviously if you provide information to the market you're also providing that information to the Thai Govt negotiating team putting our two man team at a disadvantage if the market can freely work out what our FY25 profit is likely to approximate - our team might be trying to negotiate lower gold royalties for example (currently an unsustainably high rate of 20%) but would be knee-capped if the expected FY25 result was above a certain level currently expected by the Thais. And these negotiations would be currently coming to a head as they have to be complete and then signed off prior to probably mid-Sept so TAFTA can expire by 30Sept as currently proposed.
    So it's to our benefit if we don't put our guys at a disadvantage to negotiate the last of any financial sweeteners now as there won't be any more after 30Sept
    Last edited by miningnut: Today, 18:44
 
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