While we are waiting for higher grade ore and Plant 1 operational, I've turned my mind to risks. Here's what I've come up with:
1) Substantially reduced gold price (low risk?)
2) Equipment breakdown requiring months of replacement/repair (medium risk?)
3) Takeover at low prices; Metal Tiger Mk II (medium risk?)
4) Dilution through capital raising or otherwise (medium risk?)
5) Government arbitrary mine closure (low risk?)
There may be more risks that I haven't realised.
Once we have higher grade ore and Plant 1 operational, I can't see the share price being below $2 and probably over $3. And once debt is fully paid and dividends start, the share price has got to be above $4.
Waiting for news ...
General discussion, page-4105
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Last
$1.80 |
Change
-0.060(3.23%) |
Mkt cap ! $462.6M | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.88 | $1.80 | $2.687M | 1.468M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 32228 | 2 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.86 |
Change
-0.060 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $1.87 | $1.88 | $1.83 | 70507 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| KCN (ASX) Chart |