I keep reading the announcement over and over, and despite a lack of clarity, a 40% drop today in MC, expected increased costs in Capex and possible dilution, I don’t think it’s all over red rover. Certainly any dilution is unwanted, but the resource remains. With the PoG high and expected to rise, the economics of this are still good. Remember, the per ounce gold value in the DFS was $1600AUD. We’re already well ahead of that at $1733 AUD today, and with reserves of 372, 000 ozs (close enough) that’s an additional $50m on top of the DFS. If Kyte expands, given its existing economics, Sprott could simply fund the capex shortfall. It comes down to risk v reward and we ( Hotcopperites) don’t have enough info to determine that.
Maybe I’m just trying to convince myself that things aren’t that bad and in reflection, following the usual 5 stages of denial, anger, bargaining, depression and acceptance, I’ve realised that this is far from over and today had to happen. Now let’s pick up our toys, wipe those tears away and patiently wait for the next announcement. I’m hanging in there for the LT.
Any glaring warnings, indicators or red flags from this should be, don’t get involved with any company associated with Don Harper or his WBS budgeted project costings, if in fact it’s on his head.
- Forums
- ASX - By Stock
- Ann: Leonora Gold Project Update
I keep reading the announcement over and over, and despite a...
-
- There are more pages in this discussion • 162 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KIN (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.1¢ |
Change
0.002(3.39%) |
Mkt cap ! $71.86M |
Open | High | Low | Value | Volume |
5.9¢ | 6.1¢ | 5.9¢ | $53.19K | 890.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 298999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.060 |
2 | 219375 | 0.059 |
1 | 17000 | 0.058 |
5 | 312558 | 0.057 |
3 | 427468 | 0.056 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 298999 | 2 |
0.062 | 147968 | 2 |
0.063 | 210000 | 1 |
0.064 | 104628 | 4 |
0.066 | 45000 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
KIN (ASX) Chart |