Positive news in my opinion.. operating cashflow $-2m but includes refurb cost of mill 1 of 3m.. Two more qtrs of operating with just one mill before ramp up to full production.. but expect higher production and cash flow positive.. lower production this qtr due lost production days for repairs CIL tank. I am thinking 10koz production each qtr. Gross margins improved to 28% for the qtr compared to annual report of 11%.
KCN mgt expects Thai finance or alternative financing to happen during the next two qtrs.. NE cash burn dropped to about 300k..but it looks like G&A cost have increased significantly new hires ..
Positive news in my opinion.. operating cashflow $-2m but...
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Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.59 | $1.54 | $493.4K | 316.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2587 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2944 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.55 |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.58 | $1.59 | $1.54 | 28463 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| KCN (ASX) Chart |