NC is our number one creditor (all mining contracts was given to her), Preference shares loan 11m sitting their for long time and she is extending every year, she lended directly to kcn 12m (unsecured) to help us with operations.
She is getting money every week and kcn is her gold egg. If for some reason she decided not to extend especially when we see 6months we will be making tons, it will make RSK angry and we will get some bad loans and pay her back but near future she will lose all contracts. (We didn’t lose the mine to thai government certainly we won’t lose it to unsecured lenders).
I think another updates due one Monday about production for qtr and cash balance which will create some confidence if we see cash balance gone up from 16 to 18m.
What is with the Gold price? Why they heading down? I saw inventory valued @$1500
Ann: Full Year Statutory Accounts, page-27
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Last
$1.56 |
Change
-0.020(1.27%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| $1.59 | $1.60 | $1.56 | $685.1K | 435.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9998 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.58 | 2724 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.57 |
Change
-0.020 ( 1.26 %) |
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| Open | High | Low | Volume | ||
| $1.57 | $1.60 | $1.56 | 17710 | ||
| Last updated 15.16pm 14/06/2024 ? | |||||
| KCN (ASX) Chart |