In 2017 they would own a proven mine with a good 12+ years life, and the associated mining equipment (that which was not leased). The local workforce will be unemployed, the national government will be missing tax and royalty income, and that Gold will be just sitting there in the ground, waiting for someone to issue a new permit.
There is no need for the government to own the asset to benefit from it ... the way it seems to me, the Bank lending the money to KCN is the biggest looser if KCN pays back the loan ...
In 2017 they would own a proven mine with a good 12+ years life,...
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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 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |