The most important thing for me is that KCN has been hugely de-risked.
KCN has minimal debt and owns everything it needs to make gold bars.
So these early days following the formal approval to reopen is frustrating but I now feel
confident applying some more of my capital at these current prices.
I'm trading the rises and retracements in a second account plus buying a few CFD's
but the core stake that I have held for many years awaits the inevitable revaluation of KCN
to the $4-$6 range. My view is that it will get there when we have the two plants operating
and the final elements of the settlement are known. My guess is 12 months.
cheers
General discussion, page-2361
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Last
$1.35 |
Change
0.060(4.65%) |
Mkt cap ! $347.9M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.36 | $1.30 | $900.7K | 678.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2877 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2963 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |