You can't lose that $100,000 wager. If production is less than 95,000 ounces, you win $100,000. If production is over 95,000 ounces, you'll make more than $100,000 on the KCN share appreciation.
The bet is insurance that's cheaper than buying a put.
FY25 P&L Predictions, page-91
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 (20min delay)
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Last
$1.47 |
Change
-0.025(1.67%) |
Mkt cap ! $378.8M | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.46 | $1.042M | 696.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15016 | $1.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 12136 | 3 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |