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4.12%

$1.75 kingsgate consolidated limited.

Ann: Kingsgate completes $46M institutional placement, page-89

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39

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
3 Upvote

0 Great analysis

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(20min delay)
Last $1.75		Change -0.075(4.12%)		Mkt cap ! $449.7M

Open	High	Low	Value	Volume
$1.80	$1.81	$1.73	$750.2K	424.4K

Buyers (Bids)

No.	Vol.	Price($)
3	660	$1.74

Sellers (Offers)

Price($)	Vol.	No.
$1.75	19931	1

View Market Depth

No.	Vol.	Price($)
3	660	1.735
2	581	1.730
3	3666	1.725
2	11427	1.720
3	40227	1.715

Price($)	Vol.	No.
1.745	19931	1
1.755	1902	1
1.760	1902	1
1.765	1902	1
1.790	4000	1

Last trade - 16.10pm 03/06/2024 (20 minute delay)


Last $1.74			Change -0.075 ( 3.93 %)
Open	High		Low	Volume
$1.81	$1.82		$1.74	18663
Last updated 15.58pm 03/06/2024 ?

KCN (ASX) Chart