Interesting thought Quantarb,
I was thinking that given their exisiting capital and likely future long term cash flow they'd be able to debt fund the remaining capital requirements.
I think this is just a bit of a pull back after we got ahead of ourselves a little. I would think the significantly lower copper prices would have hurt us last quarter. Comments about artisanal miners at Kulu and still waiting for the Kins 'button push' will have shaken a few punters out. The next quarter or two might be a little tough as all the pre-strip/overburden costs come onto Kins with little copper to show for it.
Final quarter this year should give an indication of where we really sit - and I reckon $25 would be a reasonable punt.
All the above is only guessing from a seat in China - not the Congo.
Cheers,
Stu
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Interesting thought Quantarb,I was thinking that given their...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2680 | 4.5¢ |
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Price($) | Vol. | No. |
---|---|---|
4.9¢ | 94928 | 2 |
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No. | Vol. | Price($) |
---|---|---|
1 | 2680 | 0.045 |
2 | 320000 | 0.044 |
2 | 522000 | 0.043 |
5 | 522000 | 0.040 |
1 | 256410 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 94928 | 2 |
0.050 | 356929 | 3 |
0.051 | 250000 | 3 |
0.054 | 750000 | 1 |
0.055 | 410000 | 2 |
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