I'm not expecting the share buyback will start until September - after paying FY24 bonuses(A$750k), 'Women in Mining' conference/travel fees(24th/25th Jul), repaying Nucharee's loans(300MilBht) and lease equipment deposits(A$3.5mil) this month they only have around $10mil left at the end of July and that balance won't improve in August as it'll be a high royalty month due to hugely increased production that month.
But 'the rivers of gold' will start flowing from Sept that should not only allow the buyback to commence but also the paydown in the amount owing to Anglo American.
I'm not expecting the share buyback will start until September -...
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Last
$1.55 |
Change
0.015(0.98%) |
Mkt cap ! $398.2M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.58 | $1.51 | $1.011M | 656.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4706 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 24706 | 2 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |