Australia's largest stock trading and investment forum Australia's #1 stock forum

KCN

Click for more information

0.28%

$1.80 kingsgate consolidated limited.

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

First 89 Last

Share
Profile

Follow
Ciao!

7,013 Posts.

34

28/03/23

16:39

Post #: 67003040
Share

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.

Expand

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

KCN Price at posting: $1.50 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 210 more messages in this thread...

First 89 Last

Add KCN (ASX) to my watchlist

(20min delay)
Last $1.80		Change -0.005(0.28%)		Mkt cap ! $462.6M

Open	High	Low	Value	Volume
$1.84	$1.88	$1.79	$1.692M	922.3K

Buyers (Bids)

No.	Vol.	Price($)
2	7967	$1.80

Sellers (Offers)

Price($)	Vol.	No.
$1.83	22970	2

View Market Depth

No.	Vol.	Price($)
2	7967	1.795
1	2970	1.790
2	17970	1.785
4	32885	1.780
2	8603	1.775

Price($)	Vol.	No.
1.830	22970	2
1.835	2970	1
1.840	2970	1
1.845	5970	2
1.850	28359	5

Last trade - 16.10pm 15/05/2024 (20 minute delay)


Last $1.80			Change -0.005 ( 0.42 %)
Open	High		Low	Volume
$1.87	$1.88		$1.79	20589
Last updated 15.59pm 15/05/2024 ?

KCN (ASX) Chart

SPONSORED BY