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$1.83 kingsgate consolidated limited.

It's going to take four years for the Zurich and MetroCAT debts...

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miningnut

10,364 Posts.

2003

25/03/24

11:15

Post #: 73040583
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Originally posted by Ciao!: ↑

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 ...

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It's going to take four years for the Zurich and MetroCAT debts to be fully paid.

KCN Price at posting: $1.19 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.83		Change -0.050(2.66%)		Mkt cap ! $471.6M

Open	High	Low	Value	Volume
$1.87	$1.87	$1.82	$867.8K	472.0K

Buyers (Bids)

No.	Vol.	Price($)
1	1	$1.83

Sellers (Offers)

Price($)	Vol.	No.
$1.83	3687	1

View Market Depth

No.	Vol.	Price($)
1	1	1.825
2	8759	1.820
3	6717	1.815
2	9000	1.810
2	15540	1.805

Price($)	Vol.	No.
1.830	3687	1
1.840	8533	2
1.845	2002	1
1.850	8002	2
1.855	2002	1

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $1.84			Change -0.050 ( 2.20 %)
Open	High		Low	Volume
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