KGL 4.17% 11.5¢ kgl resources limited

Yes - seems to be a case of "we will press the go button" only...

  1. 4,801 Posts.
    lightbulb Created with Sketch. 3835
    Yes - seems to be a case of "we will press the go button" only when an entirely unrealistic and unique set of circumstances prevail and all of the stars align in a perfect world of high copper prices, low input costs, no inflation, cheap fuel, low costs of construction, cheap capital, infinite contractor availability and no macroeconomic uncertainty.

    If that's their criteria for doing something, then they will be waiting for centuries for this unique and perfect static world to eventuate.

    I've got news for management, things change and nothing is ever perfect, as soon as plans are made they are often out of date, and you have to make adjustments in a changing world, no risk = no reward.

    The one thing I do agree with is the emphasis on proving additional resources, giving this thing longer mine life and possibly an uplift in grade to bring forward a faster return on capital is the only way to get the attention of the market at the moment. Nice orebody though.
 
watchlist Created with Sketch. Add KGL (ASX) to my watchlist
(20min delay)
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) ?
Last
11.5¢
  Change
-0.005 ( 4.17 %)
Open High Low Volume
11.5¢ 11.5¢ 11.5¢ 4490
Last updated 11.16am 06/05/2024 ?
KGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.