Hmm samgribbles haven't posted in 6 months and appear in KCN thread out of nowhere with unverifiable rumours and casting existing information in negative light.
Let me add a positive point:
The good point about KCN is the optionality of higher gold price. If gold price falls further, challenger can be shutdown for KCN to maintain cash-flow. If gold price rise significantly to $1500, the valuation of KCN would be several fold higher, as will it's cashflow.
A $2000+ gold price (Hey, in the gold market, anything can happen in 3 or 4 years) would mean KCN would regain a price of double digit, in dollars.
It's bad because it's risky, but that's also good.
- KCN could suspend operations at Challenger, rather than offload it, regain cash flow positivity. All those points would be countered.
- Cash flow positive, no longer bleeding cash.
- Can maintain pace in Chile
- Share price will go up as cash reserves build
- No need to raise capital.
- No need to offload challenger, only have minimal maintenance.
It'd be a completely different company.
Yet samgribbles has not mentioned he has considered this. If he hasn't considered it, then is he worth listening to, and if he has, why hasn't he talked about it here?
Hmm samgribbles haven't posted in 6 months and appear in KCN...
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Last
$1.56 |
Change
0.005(0.32%) |
Mkt cap ! $402.0M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.54 | $536.0K | 345.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6063 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 22060 | 2 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |