they got only $3m in the bank. Either stop producing gold or get the money from market, so they decided to take it from the market and keep the machine running and they will be able to buy these shares back once they are fully functional.
Only question is relevant here, are those investors stupid who decided to put 46m in one day? I guess not and they do believe it will fly multiple times from their purchase.
It is shame I can’t help kcn this time because don’t have money.
Ann: Kingsgate completes $46M institutional placement, page-74
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Last
$1.38 |
Change
-0.080(5.48%) |
Mkt cap ! $355.6M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.38 | $790.9K | 564.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2446 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |