Conclusion:
likely on the right track regarding Nueva Esperanza being floated as an IPO. Given Canaccord’s capabilities and the disclosure, it aligns with their potential strategy. However, the precise benefit to Kingsgate shareholders—whether direct (shares) or indirect (cash)—remains uncertain. Watch for announcements or further disclosures within the next couple of months to confirm your hypothesis!
Nueva Esperanza's Value Proposition:
- Nueva Esperanza is a significant silver project, and silver assets are currently in demand.
- A standalone IPO could unlock significant value by attracting targeted investors who focus on silver, as opposed to general precious metals.
Canaccord’s Role:
- As a major investment bank specializing in IPOs, Canaccord has the expertise and network to float such an offering. Their disclosure suggests they are positioning themselves to advise Kingsgate on this potential transaction.
Timing:
- Typical Total Timeline: 9–12 months from the decision to proceed.
theory: are we waiting for an updated PFS for NE ?
IPO floating Neuva Esperanza as a seperate company, page-40
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $630.2M | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.48 | $2.40 | $2.345M | 956.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 10260 | $2.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 14593 | 15 |
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| Last trade - 15.53pm 17/06/2025 (20 minute delay) ? |
| KCN (ASX) Chart |