The main thing is there will be no equity raise, and debt financing has been obtained. I am disappointed that there is no NE sale on the horizon, and further negotiations with the K of T continue indefinitely. I would like to see more details of their planned exploration drilling. Interesting to see they have let go 12SPLs, but then again they have several targets which they seem confident of. Its a mixed bag, I can see why traders would bail, but LTHs should probably stay the journey IMO
The mine will re-open, and gold will be poured in the next 4-6 weeks. SOI remain at 221.9million, MC 355million currently.
Is it a buy at 1.60? I will take a shot at a price target of 2.50-2.75 within 12 months. Better than 3% in the bank. Bigger risk too. Not financial advice.
The main thing is there will be no equity raise, and debt...
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Last
$1.62 |
Change
0.020(1.25%) |
Mkt cap ! $417.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.59 | $939.6K | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7553 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 5378 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |