interesting doing a buy back, usually works out nicely for shareholders.
probably puts a floor in at 30c
Chile assets would get at least $100million on a trade sale, say 50c a share. refer to Note 14 of the accounts for detailed assessment of fair value
Then we have potential restart of Chatree plus insurance payout.
I think they should spin Chile off into a new entity, raise cash from punters as part of the spin off as part of the debt/equity financing of the mine. They should do that after finals feasibility study.
The remaining assets retained in KCN. That's how you maximise value for the punters
Without a doubt KCN offers best risk/return ratio amongst gold equities right now if you are prepared to wager a positive outcome with Chatree
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interesting doing a buy back, usually works out nicely for...
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Last
$1.66 |
Change
0.005(0.30%) |
Mkt cap ! $426.5M |
Open | High | Low | Value | Volume |
$1.69 | $1.76 | $1.65 | $785.3K | 461.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14388 | $1.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.68 | 2484 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14388 | 1.655 |
2 | 24298 | 1.650 |
1 | 2484 | 1.645 |
2 | 12884 | 1.640 |
1 | 312 | 1.605 |
Price($) | Vol. | No. |
---|---|---|
1.675 | 2484 | 1 |
1.680 | 2484 | 1 |
1.700 | 25000 | 1 |
1.720 | 827 | 1 |
1.730 | 21341 | 1 |
Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
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KCN (ASX) Chart |