The mine is going to close, and it will likely take a capital raising or new loan to open it again. Would you put up money to do that based on what has happened in the past 2-5 years at Chatree Mine?
The mine might open again in the next year under new terms and conditions, but I don't buy the silly arguments that the Thai need to "save face", I think to get this mine open will require an extension on the lease to far beyond 2030 and for the Thai Gov to underwrite the risk/cost of getting the mine running again. Otherwise, who in their right mind will lend money to KCN to restart the mine, given the recent events.
My guess would be that KCN will sell Chatree Mine to a Thai interest for what they will tell us is a "reasonable price" ... and that might even get wrapped up in a deal where KCN will be purchased by someone (Troy) who have experience mining in South America.
The mine is going to close, and it will likely take a capital...
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Last
$1.40 |
Change
0.045(3.32%) |
Mkt cap ! $360.8M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.42 | $1.38 | $627.5K | 448.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36314 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 506 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |