The results were as expected, considering KCN was mining low grade gold and delivering most gold mined into badly out of the money hedges.
KCN is now unhedged.
I have little doubt the Chatree North mining leases will shortly be approved which will mean a massive market rerating for KCN and really exciting times ahead.
KCN now clearly has imo some large, influential Thai investors who are in the background quietly speeding things up.
From KCN's results presentation released today:
"Trigger to Growth - Leases
Trigger: Chatree North Mine Lease Approval
��Environmental Approval GRANTED
��Provincial Mining Approvals COMPLETE
��Provincial Forestry Land Access COMPLETE
��Process moving to Bangkok & nearing completion
��Final Approval expected soon"
apathy, page-2
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Last
$1.36 |
Change
-0.015(1.09%) |
Mkt cap ! $349.2M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.43 | $1.36 | $1.674M | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34526 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 468 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |