Exactly.
Two massive points.
- Opportunity cost. If we sold NE for USD $20m or $30m we would not have had to take some of these very expensive loans that are actually looking to cost the company AUD 40m in fees, interest and funds spent to buy back shares, options and warrants issued. The deal that needs to come up with needs to outperform this finance cost PLUS what it is actually worth. Call it the original USD $20m or $30m. This is management incompetence, and they will want a fu3king bonus for it too.
- Jamie Gibson loves, NE simply because it means a JOB for her. Well, I have a suggestion. Spin off NE and Gibson can leave with it and run that company. She can leave KCN. We don't want this self-interested incompetent fool anywhere near this company.
Only one thing to do
Vote against the remuneration report at the AGM. Send a message
That is the Woodfr0mTrees
FY25 P&L Predictions, page-23
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Last
$1.38 |
Change
0.050(3.76%) |
Mkt cap ! $355.6M | |||
| Open | High | Low | Value | Volume |
| $1.34 | $1.39 | $1.34 | $311.6K | 228.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3062 | $1.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 1293 | 2 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| KCN (ASX) Chart |