What is actually wrong with you? Maybe re read what I have wrote.
I have just stated that Woodfromtrees is actually correct. The fact they did not have an income in that 7 years was part of them problem that caused the SP to be $0.135.
Had they not wasted hundreds of million's and been better at their expansion and disposal of assets this share would still be $5. But their catastrophic decisions created this current opportunity.
I have also stated I am concerned that because they CAN NOT sell the NE asset which is actually a massive liability, they will want to develop it. They have just mentioned they might be looking at a JV and I am 100% apposed to this. It is a bad idea. It is a VERY BAD idea.
Further to this, I have also stated that if they absolutely have to. It is better to expand the Chatree mine for many reasons. However, this too is a BAD IDEA.
The best thing this company can do is to
Sell NE or give it away and buy back shares.
Mine for 2 or 3 years and buy back shares.
Sell the Chatree Mine
Close Kingsgate Consolidated and return ALL OF THE CAPITAL to SHAREHOLDERS
- Forums
- ASX - By Stock
- Goodbye $1.20
What is actually wrong with you? Maybe re read what I have...
-
- There are more pages in this discussion • 176 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KCN (ASX) to my watchlist
|
|||||
Last
$1.38 |
Change
0.035(2.61%) |
Mkt cap ! $358.2M |
Open | High | Low | Value | Volume |
$1.35 | $1.40 | $1.35 | $381.5K | 276.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 5849 | $1.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.39 | 3697 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 5849 | 1.375 |
6 | 11113 | 1.370 |
5 | 24616 | 1.365 |
2 | 4250 | 1.360 |
3 | 15250 | 1.355 |
Price($) | Vol. | No. |
---|---|---|
1.385 | 3697 | 5 |
1.390 | 4616 | 7 |
1.395 | 18708 | 6 |
1.400 | 18314 | 5 |
1.405 | 2850 | 1 |
Last trade - 14.15pm 15/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online