KCN 1.38% $1.25 kingsgate consolidated limited.

General discussion, page-3310

  1. 41 Posts.
    lightbulb Created with Sketch. 14
    buy back or dividends in 2024 seems irresponsible.

    2024 goals should be:
    * ramp up production (without increasing debt excessively)
    * then pay off all debt (lotus, the new one)
    * grow savings to 50 million before we think about buy backs

    just getting cash flow positive is key, that will signal to markets a buy back will come and that itself (without a buy back) will result in buying boosting the stare price.

    buy back is essence is the company buying shares if they remain cheap, e.g. $3 or less
    Last edited by michaelliberty: 19/12/23
 
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