Unfortunately this update does not provide the market with any confidence at all. They continue to drill (expend $!), they fiddle on the edges with contracts and they state the project will commence when there is confidence it can be finished on time and budget. Some observations from me:
1. Most greenfields mines don't finish in time and budget.
2. Does KGL believe the WA / NT mining environment will be less heated in the 5 year term? Indications are that the copper, lithium, nickel boom is still in its early phases.
3. KGL makes no mention of the need to raise debt & equity which is still its highest hurdle.
Do your own research please.
Unfortunately this update does not provide the market with any...
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $834 | 7.248K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50872 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 11435 | 2 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.5¢ | 4490 | ||
| Last updated 11.16am 06/05/2024 ? | |||||
| KGL (ASX) Chart |