that’s crap. I say it again , brokers want fees. CEOs want more assets, leads to bigger salaries. They know kcn’s history. They probably think these guys will buy anything.
honestly - grow the asset they have, that is the surest way to increase oz.
I’ve had experience with this before, CEO’s and finance directors buying overpriced assets. They wright up a company mission statement , “ goal to be a mid tier miner” something like that and then go and buy something so they tick of a kpi. Dickheads with no strategic capability, hiding behind a title.
in 5 years they can build another mill and tap into the 30 year mine life.
FY25 P&L Predictions, page-87
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Last
$1.37 |
Change
0.010(0.74%) |
Mkt cap ! $353.1M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.32 | $560.6K | 417.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3932 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |