KCN 1.18% $1.26 kingsgate consolidated limited.

BUYBACKS ROSS - with every last cent, close the VIP door for good, page-788

  1. 194 Posts.
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    On the 23rd Feb, company announced

    " Kingsgate can also advise that it has secured an additional cash advance of 100 million
    Thai Baht (A$4.2 million)1
    from Akara Resources Public Company Limited’s (Kingsgate’s
    Thai subsidiary) preference shareholder to provide working capital support to assist in
    commissioning of Chatree Plant #2. The cash advance is repayable 12 months from the
    date of the advance with a 12% interest rate paid quarterly in arrears. "

    We have 7 or more months until this is payable.

    Options.

    1) Pay with earnings from 9 month of operation
    2) Negotiate extension to payment
    3) Sale of NE
    4) Bank loan.
 
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