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1.59%

$1.55 kingsgate consolidated limited.

Thanks for your reply. I am rather out of my depth when it comes...

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zlotini

113 Posts.

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23/07/24

18:59

Post #: 74880050
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Originally posted by miningnut: ↑

Obviously if you provide information to the market you're also providing that information to the Thai Govt negotiating team putting our two man team at a disadvantage if the market can freely work out what our FY25 profit is likely to approximate - our team might be trying to negotiate lower gold royalties for example (currently an unsustainably high rate of 20%) but would be knee-capped if the expected FY25 result was above a certain level currently expected by the Thais. And these negotiations would be currently coming to a head as they have to be complete and then signed off prior to probably mid-Sept so TAFTA can expire by 30Sept as currently proposed.
So it's to our benefit if we don't put our guys at a disadvantage to negotiate the last of any financial sweeteners now as there won't be any more after 30Sept

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Thanks for your reply. I am rather out of my depth when it comes to TAFTA.
I would have thought that the Thai negotiators are fully aware already of how profitable gold mining in their country, almost certainly, is going to be. After all, reflect on Kingsgate’s miserable past.

Last edited by zlotini: Today, 19:00

KCN Price at posting: $1.55 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.55		Change -0.025(1.59%)		Mkt cap ! $399.5M

Open	High	Low	Value	Volume
$1.57	$1.58	$1.53	$965.6K	623.9K

Buyers (Bids)

No.	Vol.	Price($)
1	2267	$1.55

Sellers (Offers)

Price($)	Vol.	No.
$1.55	15633	1

View Market Depth

No.	Vol.	Price($)
1	2267	1.545
1	5000	1.540
1	8061	1.535
4	19368	1.530
1	3394	1.525

Price($)	Vol.	No.
1.550	15633	1
1.555	3394	1
1.560	13394	2
1.590	2500	1
1.600	3325	2

Last trade - 16.10pm 23/07/2024 (20 minute delay)

KCN (ASX) Chart

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