ML they can't do a buy back because they have 47m cash and 175m debt. In fact i don't know why they do a dividend when that is you're cash position. They should pay down the debt first.
Challenger total costs for the qtr $2227. I calculate KCN group total costs for the qtr as $1526 and for the year to date as US$1323 using the figures quoted on p4 of the quarterly so they are barely making a profit if at all at current gold price.
Cash down from $52.8m to $47.1m but that was from operating at a higher gold price than now.
No definitive explanations as to how they are going to improve Challenger which has been making a loss all year. I'm not selling here but i'm certainly not buying either.
falling like a stone, page-8
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Last
$1.43 |
Change
-0.025(1.72%) |
Mkt cap ! $367.2M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.37 | $1.527M | 1.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6235 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 21521 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |