I honestly don't think there's anything sinister happening from the company side. Judging by the course of sales it does look like the price has been deliberately pushed down. We're looking at around $35m of revenue for the quarter. Timing of cashflow could be different, but we did convert a gold receivable from June in July, so revenue and receipts shouldn't be too far off. Production costs predicted to be down q on q due to plant 2 refurb works largely complete. Prepayments of over $3m, for mining equipment, were made in June q. There should be plenty of cash on hand to cover current plant 1 refurb work imo.
I honestly don't think there's anything sinister happening from...
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Last
$1.55 |
Change
-0.005(0.32%) |
Mkt cap ! $399.5M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.56 | $1.52 | $322.3K | 208.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4885 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 3565 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.54 |
Change
-0.005 ( 1.60 %) |
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| Open | High | Low | Volume | ||
| $1.56 | $1.56 | $1.53 | 15852 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| KCN (ASX) Chart |