Financiers provide finance with a view to making a reasonable profit with regard to the risk, simple as that.
If management are stupid enough to allow their financial position to get to a stage of desperation then they will pay the price, that is self evident from what KCN has experienced.
You speak of attaining positive cash flow as if it was a certainty, it has not been achieved and if it is not achieved in pretty quick fashion we are going to experience some very nasty circumstances.
I consider the potential of the mine to be excellent, however, i will not look at the current position through rose tinted glasses when management have consistently made promises and failed to deliver - it is getting to the stage that if they again fail the outcome may be catastrophic and that naturally concerns me - I am not missing anything I am looking at the position from a dispassionate viewpoint as is my wont
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Last
$1.30 |
Change
0.055(4.42%) |
Mkt cap ! $335.0M |
Open | High | Low | Value | Volume |
$1.25 | $1.30 | $1.25 | $316.6K | 246.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 2316 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 1.300 |
1 | 20063 | 1.290 |
1 | 2316 | 1.280 |
2 | 17316 | 1.275 |
1 | 10000 | 1.265 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 2316 | 1 |
1.315 | 2316 | 1 |
1.350 | 3787 | 1 |
1.360 | 13000 | 2 |
1.370 | 1500 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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