I agree with most people sentiment that KCN will be cash generation engine when it achieves full ramp up production, should be valued at $2 before middle next year.
But I think the market is confused.. KCN has indicated needing $20m-$30m credit facility to pay for refurb mill. Now it saying increase production expectation improve operating cashflow.. is going to alleviate cashflow problems?.. this why the stock has not rallied .. uncertainty on short term cashflow issues have not been resolved.
I agree with most people sentiment that KCN will be cash...
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Last
$1.59 |
Change
0.030(1.93%) |
Mkt cap ! $407.2M | |||
| Open | High | Low | Value | Volume |
| $1.57 | $1.60 | $1.57 | $117.5K | 74.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3829 | $1.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 3401 | 11 |
View Market Depth
| Last trade - 13.36pm 07/05/2024 (20 minute delay) ? |
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Last
$1.56 |
Change
0.030 ( 0.50 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.59 | $1.56 | 12097 | ||
| Last updated 13.58pm 07/05/2024 ? | |||||
| KCN (ASX) Chart |