Just some background for anyone New to KCN :
In the past since 2001 until closure in 2016, Royalties were paid to the Central Government Accounts in Bangkok.
It was then up to the Thai Government to distribute the funds as they pleased..
THIS TIME IT HAS CHANGED :Today's re-opening heralds a completely different approach to look after the 3 surrounding poor villages that the Mine is located between..
Today when PMR refinery processes the Dore into 99.999% Gold ingots, it's send's Royalty cash DIRECTLY to the leaders of the local communities.
- Just Google around the Chatree Mine and you can see how impovished the area is, very poor rice growing community.
- Suddenly their leaders have started getting at least $100,000 a week in Royalty payments directly into there bank.
- Suddenly after years of having ZERO money, they are seeing a huge windfall.
- Suddenly they can build new schools/hospital's/community facilities with all this cash they have never ever seen below.
Don't underestimate this, in the past Chatree was affected by a very few specific selfish protestors with their own selfish agenda. This time, the locals are benefiting more than they ever have & you can rest assured that the local leaders getting their hands on all this cash directly benefiting the local communities will not tolerate any crap going forward..
Because there future is know aligned with KCN shareholders..
If anyone tries and hurts KCN shareholders, they risk turning off this lifeline to the local communities that they have never ever seen before in there history..
There is much powerful human positive spirit forces attached to KCN's success this time..
The community and US as all together as one... ( & they all remember it was an Aussie Dr who rescued all the Thai Cave children from certain death! )
- Forums
- ASX - By Stock
- KCN
- Ann: Chatree Refining Update
Ann: Chatree Refining Update, page-17
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.37 |
Change
0.030(2.24%) |
Mkt cap ! $353.1M |
Open | High | Low | Value | Volume |
$1.35 | $1.40 | $1.35 | $544.1K | 394.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2256 | $1.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.39 | 8384 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2256 | 1.360 |
4 | 31886 | 1.355 |
2 | 97282 | 1.350 |
2 | 3416 | 1.340 |
2 | 8989 | 1.330 |
Price($) | Vol. | No. |
---|---|---|
1.385 | 8384 | 2 |
1.390 | 3384 | 1 |
1.400 | 16238 | 4 |
1.410 | 1671 | 2 |
1.420 | 10000 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online