My take on the previous announcements about settlement is that KCN will get some benefits in the form of:
- grants for the refurbishment
- grants for green initiatives
- royalty holidays
Tax holidays for 8 years have already been announced.
All of this impacts what short term money needs to be borrowed.
This all needs to be sorted before gold production, so I think we will know soon!
Hesitation to commit to Taurus or banks seems to be from KCN, not that there is a problem with lending offers.
Market is pricing in lending issues that I don't believe exist.
I now have my fill of shares, having topped up today. I will hold long term and hope for a nice feed of dividends for a company that will reduce the share pool over time.
My take on the previous announcements about settlement is that...
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Last
$1.77 |
Change
0.020(1.14%) |
Mkt cap ! $456.2M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.71 | $1.016M | 587.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3534 | $1.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 3464 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.77 |
Change
0.020 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $1.73 | $1.77 | $1.71 | 16639 | ||
| Last updated 15.56pm 24/05/2024 ? | |||||
| KCN (ASX) Chart |