KCN should just sell Challenger for peanuts, sell 50% of its Thai mine and then, like TRY, get a small plant built (which could be easily expanded in capacity) on its South Amercian project.
The MC is already crap, I doubt the market values Challenger anyway. KCN made a very bad call buying it. Time to move on.
Lost a bit on this stock, but luckily sold when I saw the continued bad decisions buy management.
As for why the new management left, I think they had time to have a better look at things and realised its a basket case. Perhaps there are even issues in Thailand, maybe bribery etc, which they wanted no part of extra.... All IMHO of course.
I would say there was a chance of corporate activity, but with all the different projects, its prob just too complicated.
Ann: Spectacular Gold and Silver Drilling Results in Chile, page-4
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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 |