KCN 7.03% $1.37 kingsgate consolidated limited.

Ann: LOI signed for A$69 million sale of Nueva Esperanza, page-33

  1. 6,077 Posts.
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    "Interesting kcn looking into the cost of restarting the mine without approval."

    Yes, quite strongly suggesting that this is where the negotiations are leading - enough benefits/risk-reduction that KCN would be ok with reopening.

    And NE sale - get cash, and also improve the cash burn.

    The company is not in a strong position to both fund NE and Chatree negotiations.

    Stopping the NE expenditure and gaining cash too, makes the Chatree negotiations more affordable (improved the company's chances of remaining a going concern, to get Chatree up and running or sold).
 
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