Don't know if I get it, but I'm trying a quite simple explanation:
- market does not believe Kingston the AISC of 1220 AUD for Misima due to very low grade and high stripping ratio
- market is still pissed off because capex of Misima increased from 280 to 470 million (Canaccord more realistically estimated 445 million already back in 2020)
- market does not like Mineral Hill Aquisition much or at least not grants it any value
- ongoing and unexplained delays reflect poorly on management:
(from Canaccord report 2020)
By pure chance I agree with all of the above, yet I think Kingston should be valued about 15-20 Cents minimum because in recent weeks I stumbled over several explorers with market caps around 40 million and all of them have even crappier stuff at earlier stages compared to Kingston.
I really like Kingston management, but only because I bought in at 9 cents, otherwise I would be pissed too.
Don't know if I get it, but I'm trying a quite simple...
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Last
8.2¢ |
Change
-0.001(1.20%) |
Mkt cap ! $57.98M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.4¢ | 8.2¢ | $85.10K | 1.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 214490 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 347246 | 1 |
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| Last trade - 15.50pm 15/10/2024 (20 minute delay) ? |
| KSN (ASX) Chart |