KCN 3.32% $1.40 kingsgate consolidated limited.

General discussion, page-3038

  1. 5,522 Posts.
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    It's the nature of people to panic when the share market drops day after day. KCN is down from maybe $1.54 to where it is now in only a few short weeks. ALK, for example, is down from mid 90's to low 60's. There's been no bad news in either company (from what I can tell). The market is the market and gold stocks are driven by USD gold price (unfortunately). I'm just glad the AUD price is holding up so we can make good cashflow (to cover plant 1 refurb) until the USD gold price recovers. Cashflow looks fine at these prices, especially with increasing throughput and increased grades once mining fresh ore again. They already made $3m in up-front payments for mining equipment in the previous quarter. Nucharee has good reason to be flexible with her loans to the company. NE sale could happen at any moment. And Thai Bank loan, if needed, more likely once PM elected. In the meantime, there are ways to slow down spending if necessary.
 
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Last
$1.40
Change
0.045(3.32%)
Mkt cap ! $360.8M
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$1.39 $1.42 $1.38 $627.5K 448.6K

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2 36314 $1.40
 

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Price($) Vol. No.
$1.41 506 1
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