We can spin it anyway we want but I'm still wiping the egg off my face.
I backed up the truck on the placement. Got over 70% of my allocation. My portfolio weighting in KCN is now excessive to say the least!
I should have been more sceptical of the recent run-up to $2.
KCN gave a concern in their equity raising presentation in Operational Outlook. We still have NO mining license, only a processing license. Approval for mining not "expected" until Sept 2023.
Now I'm way overexposed but in for the long haul.
Anyone got mates with the Thai regulatory authorities?
Ann: Kingsgate completes $46M institutional placement, page-82
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Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |