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$1.75 kingsgate consolidated limited.

You forgot to mention the whole Metal Tiger "takeover" and...

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28/03/23

16:39

Post #: 67003040
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Originally posted by danbradster: ↑

- Blackmailing protesters / ex-employee, trying to sell land for inflated prices. Alleging pollution / heavy metals / sickness.
- Coup leader wanted to make himself look like a benevolent strong-man, so shut the mine using his dictatorial powers. Pollution not proven, which would have been required to shut the mine using regular laws.
- Protesters would have been pleased. 1000 fired employees and families not.
- He was surprised to learn that the dictatorial powers (that he handed himself when committing the coup) don't work internationally. TAFTA helped.
- Related parties / rich Thais attempted to takeover the company. Failed.
- Government tried to bankrupt the company, instead of fighting in court. Failed.
- Legal advisors probably told the government that they'll lose, and should negotiate.
- They've given significant exploration licenses, and stopped withholding the Quartz Lease, but have introduced a new bad royalty scheme. No discounts given on that yet.
- They forced KCN to do gold refining (0.9999 etc) in Thailand, giving a govt related party a monopoly? Possibly neutral for KCN however.

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You forgot to mention the whole Metal Tiger "takeover" and associated shenanigans.

KCN Price at posting: $1.50 Sentiment: Buy Disclosure: Held
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Last $1.75		Change 0.005(0.29%)		Mkt cap ! $454.9M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
4	286	$1.75

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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6	25754	1.740
6	15513	1.735
6	39773	1.730
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Price($)	Vol.	No.
1.750	19600	1
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1.760	7535	3
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1.770	3475	2

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Last $1.75			Change 0.005 ( 0.83 %)
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