Funnily enough the delay, assuming it gets resolved positively of course, could well work in Kentor's favour.
During the delay, the $AUD has been strengthening strongly against the $USD, while $AUD gold price has pretty much kept pace due to rise in $USD gold price.
The rise in $AUD will have very positive ramifications for the capital expenditure costs in $AUD given many of the big ticket items still need to be settled. The move in the last few months has been around 10%, which while it might not sound like much, when looking at original estimated CAPEX of $96MUS, a 10% move in $AUD strength results in a significant saving (although some of that $96M probably already spent).
I would not be surprised if Kentor outlaying around $13M for Jinka is possibly partly due to this saving.
Cdchi1
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Funnily enough the delay, assuming it gets resolved positively...
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Last
9.1¢ |
Change
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Mkt cap ! $58.97M |
Open | High | Low | Value | Volume |
9.5¢ | 9.6¢ | 9.1¢ | $31.59K | 343.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 39190 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.092 |
1 | 92088 | 0.091 |
1 | 100000 | 0.090 |
1 | 100000 | 0.089 |
1 | 5687 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 39190 | 1 |
0.098 | 185577 | 1 |
0.100 | 44243 | 2 |
0.105 | 27800 | 2 |
0.110 | 26611 | 1 |
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