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
(20min delay)
|
|||||
Last
$1.34 |
Change
-0.035(2.55%) |
Mkt cap ! $345.3M |
Open | High | Low | Value | Volume |
$1.38 | $1.40 | $1.34 | $684.8K | 503.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3315 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.36 | 2388 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3315 | 1.340 |
3 | 16571 | 1.335 |
2 | 8582 | 1.330 |
2 | 7500 | 1.325 |
1 | 6500 | 1.310 |
Price($) | Vol. | No. |
---|---|---|
1.355 | 2388 | 1 |
1.360 | 2388 | 1 |
1.365 | 12788 | 2 |
1.370 | 10000 | 1 |
1.390 | 18000 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
KCN (ASX) Chart |