This is not a good announcement. This is the bare minimum announcement that should have been happening for months
A good announcement would be
A) Sale on NE for USD $50m cash
B) $35m Thai bank consortium loan secured.
C) Kingsgate announces buy back of up to 10% of shares.
I wrote to the company yesterday and made it clear. I am not happy that they do nothing about not having finance and doing nothing about a capitulating share price when they can actually be doing a buy back.
It's a sad state of affairs that will only see the SP do anything descent after plant 1 is finished in January or February next year and when we can spend revenue on a buy back. Until then, do not be surprised is we test $1
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Last
$1.26 |
Change
-0.015(1.18%) |
Mkt cap ! $324.7M |
Open | High | Low | Value | Volume |
$1.29 | $1.29 | $1.24 | $730.6K | 579.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2051 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.27 | 9999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2051 | 1.250 |
1 | 2857 | 1.245 |
2 | 22857 | 1.240 |
1 | 2429 | 1.235 |
2 | 25000 | 1.230 |
Price($) | Vol. | No. |
---|---|---|
1.265 | 9999 | 1 |
1.270 | 2857 | 1 |
1.275 | 8603 | 2 |
1.280 | 2857 | 1 |
1.290 | 382 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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