The reality is this.
1) We will not be told - expect another poor quarter with 15K ounce
2) Do not expect a settlement end of September
3) They have said Gill is working on increasing the resource and are planning exploration campaign and a potential spinoff/listing in Canada end of the year. Don't hold your breath
4) Who has a crystal ball.
P.S. it makes a load of sense to hedge 20% of production at these high levels. ESPECIALLY IN AUD gold prices. Dollar and Gold could trip us up.
What will be MASSIVELY positive is if these incompetent fools can spend some of that $43m on a buyback.
We are "washing our face" or actually "cash flow positive" producing 9,600 ounces. So, if we produce 15,000, then we make around $7m profit.
We can afford a buy back right this second - the only hold us up is the incompetence of this management. Which is a theme
That is the Wooodfr0mTrees
The reality is this.1) We will not be told - expect another poor...
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Last
$1.29 |
Change
-0.085(6.18%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.28 | $630.4K | 483.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 6682 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 600 | 1 |
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| Last trade - 12.59pm 08/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |