KCN (ASX) Ann: Finance Update

Originally posted by LoveGod: ↑

Hey Wary1, i think Oldfolk being a business man has just realized how far this ridiculous new loan costs have put us up $hit creek !

Interest payments being blown as at today:

Nucharee loanshark +12% -------> $1,200,000 aussie a year blown
This crazy new loan +15% -------> $2,000,000 aussie blown in next 6 months
Neuva Esperanza disaster--------> +$7,000,000 aussie a year blown
Placement dilution disaster-------> 15% dilution for all shareholders.

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$10,200,000 cash being blown for 2024 until they sell Neuva Esperanza ! Give them both a cigar !!
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********************But they told us a cheap Thai Bank loan was "imminent, well advanced, in 2021, 2022, 2023, 2024 ? "

It's nearly a year since Ross & Jamie's $500,000 bonus so there pockets must be itching for some more cash too $$$$

Maybe we need to blow some more on Jamie's conference activities because someone said we are major sponsors for a Gold conference next year !

Maybe we need to make the Bangkok AFL pi$$up party even bigger next year!

Maybe we need to give out 3 course meals at Chatree fun festival carnival instead of just 1 with free orange juice & unlimited free waterbottles.

WOWEE !! considering we were debt Free, with Just 221 million shares on issue when TAFTA tribunal award was ready to be given to us shareholders in 2021...

I'm scared. Ross & Jamie are upsetting me destroying us like this ! Ross is vaccinated with Spike proteins running through his elderly blood too & Vaccine brain fog is real !!! Why are they upsetting shareholders like this ? Shareholders have a right to live without this fear and anxiety !

God help us !

Lovegod will help us with this solution next week that is the only thing that can save us !!!!!!!!!!!!!!!! !

" They buyback 5-7 million shares ASAP with this loan, do not blow it on anything else, reduce dilution & SELL Neuva Esperanza in a god damn hurry and get rid of all this debt ASAP$$ !"

Maybe after this pay a dividend with half of Neuva Esperanza sale price, because our Mmgt are the last people on earth i want deciding what to do with my cash after this disastrous last 2 years !

I don't understand Santa ! The PMR payments delay has been going on for 8 months, but i saw Jamie having fun for weeks at Diggers & Dealers in Perth & a conference in Sydney & another in Denver , +6 fun flight trips to Bangkok , etc, etc during the last 8 months????? How can he be in two places at once ? How can he be fixing PMR payments delay but also taking fun selfies and coffee's at the never ending conference schedule ???

I guess they are off for Xmas holidays today.... No Xmas holiday in Thailand, but our leaders take Xmas here and the Thai holidays too, because nothing ever get's done during the songkran Thai water holidays & Thai public holidays does it !!! i've been hearing that excuse for 5 years !!

OHHH BUT WAIT !! Latest photo's from Chatree festival Carnival party time with our borrowed CASH$$$

Nucharee puts on a feast with all her massive Lotus Hall Mining costs and directors feeeeeees we have paid her ! Yipeee !

Current totals since DEBT FREE with just 221 million share on issue when TAFTA AWARD to be given to us in 2021:

$54,000,000 Placement Gone
$12,000,000 Nucahree Debt + interest gone
$14,000,000 for another 2 years of Neuva Esperanza disaster costs gone
$90,000,000 Depletion of Gold from stockpiles in 2023 for 30,000 ounces soon GONE into fees/ royalties/costs & zero for KCN shareholders !

$170,000,000

Ohhh dear ! i guess we are seeing just how Ross & KCN have accumulated over $600,000 in accumulated loses ! We are right on schedule !

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I’m not worried about loan costs because I know we need them but I’m worried because management took less amount and they have not outlined how they will manage it with that amount or they didn’t given us more information so that we can calculate ourselves.

Let me give you example what we need, let say boom boom started on 01.11.23 and they start putting higher grade ore from 15.11.23 and gold production increased to 5-6k per month from plant 2 then we expect the increase cash hit in our account first week of jan 24.

Plant 1 estimated time of completion end February and thai government needs one or two months for approval, production starts first week of April 24 and we will get the cash in our account middle of may 24 and then we live happily thereafter.

Cost will keep rising as we go and we need money, so get 50m loan or sell NE then I will keep my mouth shut or outline how will you going to execute then I will keep sleeping.