I honestly thought once SPP overhang KCN sp will lift.. I think raising may have done some structural damage to sp. For a while we had floor price of $1.50.
KCN has sufficient funds to progress ramp up to full production to be completed by end of this year. Next quarterly we should see revenue / receipts from clients from the gold processing of the low grade stockpile and also the assessment of the profitability of processing that ore.
To get back above $2 I think we need some additional value generated.. this could be from positive news i.e. settlement royalty concessions, award of additional SPLs.
I honestly thought once SPP overhang KCN sp will lift.. I think...
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Last
$1.28 |
Change
0.005(0.39%) |
Mkt cap ! $328.6M | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.25 | $955.1K | 746.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6661 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 684 | 1 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |