If DOM management guidance is correct and the company is on track to return to 120000 ounces per year, then KCN has a cheap buy on its hands
Fortunately both companies only have around 100 million shares on issue, so the new combined companies only have 130+ million shares
KCN apparently unhedged and DOM with very little forward sold.
So I wouldn't expect any downward pressure on KCN, with the proviso of course that the gold price is simply consolidating.
As a DOM holder, I think KCN are in cheap, which as a future KCN shareholder is maybe a good thing.
kcn coming for dom, page-15
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Last
$1.38 |
Change
-0.080(5.48%) |
Mkt cap ! $355.6M | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.46 | $1.38 | $790.9K | 564.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 2446 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |