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
Ann: Chatree Gold Mine Overhaul Update, page-4
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Last
$1.25 |
Change
-0.010(0.79%) |
Mkt cap ! $324.7M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.24 | $1.033M | 823.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 15008 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 10854 | 5 |
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| Last trade - 10.35am 12/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |