Most of the free cashflow in FY24 will go towards paying off the A$100mil we owe Zurich and the rest will be needed for working capital after we've finished the plant refurbs - so no chance of buybacks and dividends before FY25 at the earliest. I can't believe so many here are dreaming of these within the next year.
Share price appreciation will come with increasing production, exploration success leading to increasing reserves and resources and a sensible financial structure - it won't come from buybacks and unfranked dividends.
Ann: Becoming a substantial holder, page-21
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.34 |
Change
-0.035(2.55%) |
Mkt cap ! $345.3M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.34 | $684.8K | 503.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3315 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 2388 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |