KCN 0.94% $1.58 kingsgate consolidated limited.

Ann: Response to ASX Aware Query, page-2

  1. 5,777 Posts.
    lightbulb Created with Sketch. 1407
    "refurbishment of plant 2 complete"..."production commenced"..."generation of cashflow anticipated during the first quarter of CY23".

    So cashflow (first gold sales) expected before 31 Mar.

    Unsure whether it's positive cashflow yet (eg. running low grade material to pre-fill the plant might not deliver enough revenue to cover costs), but it's good anyway - because say a couple of months after that, it could be cashflow positive. Seeming to give quite good odds of the 12% debt being paid back successfully, though the Taurus debt needs renegotiating sooner than that.

    Fairly good one-liner, I'd say. Gold sales before 31 Mar.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.58
Change
-0.015(0.94%)
Mkt cap ! $405.9M
Open High Low Value Volume
$1.61 $1.64 $1.57 $580.5K 364.5K

Buyers (Bids)

No. Vol. Price($)
1 9997 $1.58
 

Sellers (Offers)

Price($) Vol. No.
$1.60 5953 2
View Market Depth
Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.