Turns out GDXJ sold 249K last Monday and sank the SP by 7c - the real market movers.
@Denial. Any loan agreement would entail a repayment schedule.
If cash flow suddenly dries up due to a plant shutdown, you are in default and the lender has the right to seize your collateral viz. plant and machinery.
The lender would have priority as it would be a secured loan.
Workers sabotaging processing plants is not uncommon and difficult to prosecute and junta has its supporters.
KCN doesn't have much of a cash cushion.
As it stands, TAFTA is the fallback option in case things go awry.
Thai bank loan is too risky IMO.
Turns out GDXJ sold 249K last Monday and sank the SP by 7c - the...
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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 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |