Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think this is more than panic... I think this is a vote of non-confidence.. probably relates to poor disclosure.. market doesn't like a sudden change in strategy.. everyone was assuming that KCN was funding their expansion from debt.. if the sp is going below $1.5 - it is market saying... is there more you are not disclosing..
And we saw the bit $12m on commissioning and creditor bit.. it be admission that we failed to estimate cost of $12m in the refurb.
Backed to $1.495 ... low of 1.46... 1.5m sell depth.. I think...
Add to My Watchlist
What is My Watchlist?
