The additional problem for BGL is that they've had to issue 300mil shares or over 25% additional shares from what they had on issue just nine months ago in Jul24 - from 1.176mil shares to 1.476mil shares - will shareholders from last July ever be able to recover from such dilution? Unlikely IMO.
At least the dilution to KCN in Mar23 was only 36.5mil shares or around 16.5% additional shares and we don't have any hedges down the track that might still cost BGL shareholders in the future.
March25 quarterly production: BGL 25k ozs Au, KCN 20k ozs Au - yes KCN won't be able to keep up in the future but KCN's market cap today is $402mil v BGL(@ 90c) $1.328bil and BGL still has lots of negative hedges.
Sorry I'm staying here.
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- Ann: Further Significant Intercepts at Chatree South-East Complex
KCN
kingsgate consolidated limited.
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0.41%
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$2.45

Ann: Further Significant Intercepts at Chatree South-East Complex, page-15
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $628.9M |
Open | High | Low | Value | Volume |
$2.43 | $2.46 | $2.40 | $601.5K | 246.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 10845 | $2.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.46 | 15667 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 11216 | 2.440 |
9 | 19785 | 2.430 |
9 | 26158 | 2.420 |
5 | 31242 | 2.410 |
9 | 118651 | 2.400 |
Price($) | Vol. | No. |
---|---|---|
2.450 | 16438 | 6 |
2.460 | 20382 | 7 |
2.470 | 24813 | 8 |
2.480 | 12730 | 7 |
2.490 | 52804 | 14 |
Last trade - 10.37am 17/06/2025 (20 minute delay) ? |
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RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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