The NE silver mine ( KCN's so-called shovel-ready jewel asset that so far no one wants to buy) must get sold, and for a fair price. It is currently an expensive liability, but if it was sold for a good price, it would be a share price and company saviour.
The questions that arise are:
1. Is NE truly a good asset?
2. Is KCN management competent in attracting buyers and persuading those buyers to offer a fair price?
If the current high silver price in Australian dollars holds up, then would-be buyers of silver prospects should be offering an attractive bid in Australian dollars.
Look at the 5-year silver chart in Australian dollars. if KCN can’t attract a decent buyer at these strong prices, then something is wrong with the asset or with KCN's selling prowess.
Goodbye $1.20, page-61
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Last
$1.52 |
Change
0.000(0.00%) |
Mkt cap ! $390.4M | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.53 | $1.49 | $516.7K | 342.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14976 | $1.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 3182 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |