No use buying after second plant gets kicked in. It's too late. I'm overweight on KCN and waiting for second plant to become operational and higher grade ore to be fed to both plants. When this happens share price will be much higher than now.
The fact that the share price hasn't built in these inevitable factors suggests that Plant 1 and higher grade ore are more than a couple of months away. Risk of capital raising would also weigh the share price down.
I've got high exceptions for KCN. Let's see where the share price is at the end of the quarter (30 June 2024). My bet, and it's backed by my funds, is that KCN will be well over $2.50 by then. Let's see.
No use buying after second plant gets kicked in. It's too late....
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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 |