It was a very small CR in terms of number of new shares issued, so I don't think any structural damage done.
If you look at the last 18 months, the share has been pushed within the same range 7 times.
All the time more positive news has come out and we are producing at a grade and recovery rate higher than the low bar set.
Almost all the risk has been removed over 18 months and blue sky ahead - but nothing reflected in the share price.
A bigger game being played. It is a thightly held register, but lots of left hand/right hand trades done to keep the share in range.
Wouldn't be surprised if this is heading to a cheap takeover opportunity. If I had $500m, I would put a bid in. What a prize on offer!
It was a very small CR in terms of number of new shares issued,...
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Last
$1.62 |
Change
0.020(1.25%) |
Mkt cap ! $417.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.59 | $939.6K | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7553 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 5378 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |