TIE is a single new mine (July 23) out of Ivory Coast. I realise we were effectively thrown out Thailand a few years ago - but we now see the value of a TAFTA agreement, where I believe West Africa has a higher risk factored in.
I would argue that EMR better guidepost. EMR produce in Cambodia (neighbouring country) the same 110k annual, but a slightly lower AISC. Not sure of their royalty or tax holiday status.
KCN has much larger potential for multiple mines/processing plants throughout Thailand
EMR have a current market cap of $1.58B and KCN is $291M, so making a KCN valuation of $6.
We will get a low-bid takeover offer by EMR (their chairman already owns 2M shares of KCN), the Chinese or a Thai bidder/consortium.
I was hoping for a long-term cash cow, but do believe the share is being manipulated down for an obvious reason. I'm expecting an offer of $2 soon.
We can't blame management for a languishing share price, as every piece of good news they have put out has pushed us down further.
Ann: IMARC Presentation, page-26
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Last
$1.21 |
Change
-0.035(2.81%) |
Mkt cap ! $311.8M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.21 | $9.496M | 7.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 158372 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 442307 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |