KCN will get back to paying a chunky dividend (and buyback) in 2024.
They really are one of the few goldies that have and high and consistent payout ratio when producing.
They also kept it to a relatively small number of shares, so not diluted to hell during the shutdown fiasco.
EMR is a good measure of where we will get to quickly. EMR produce the same 110k annual, but a slightly lower AISC. Not sure of their royalty or tax holiday status in Cambodia. EMR have a current market cap of $1.5B and KCN is $275M.
Unlike other startups, KCN has a great track record of regular production out of Thailand.
I believe KCN jave set a very low bar on production and AISC. This makes for a lower valuation now, but there is upside to shareholders when they start to shoot the lights out.
Buying as much as I can, as I expect a 20-30c dividend and buyback soon, so keeping this stock for a very long-term cash cow.
The only risk is an opportunistic takeover. EMR has the cash and is working in a bordering country - so I would make a tilt if I were them!
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Last
$1.37 |
Change
0.010(0.74%) |
Mkt cap ! $353.1M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.32 | $560.6K | 417.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 3932 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |