Just after KCN sold the challenger mine for a buck and a few years prior to Chatree closure.. Ross appointed a new CEO.. that CEO assessed that NE was unfeasible and constructed a strategy to divest NE and pivot exploration to the PNG... a few months latter that CEO was fired.. Ross has always had a hard on for NE for some time..
KCN has being trying to divest NE for some time.. if they can divest for $60m.. would have stop cash burn.. that would have been strategically ideal.. really need a buyer with deep pockets to develop NE. But majors have stayed cleared away from standalone silver mines.. and due to the characteristics of the silver price.....majority of silver production is via by-product.
Just after KCN sold the challenger mine for a buck and a few...
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Last
$1.36 |
Change
0.000(0.00%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.37 | $1.34 | $367.6K | 272.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 1462 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |