KCN 1.25% $1.62 kingsgate consolidated limited.

rgdkI am a DOM shareholder and I am not overwhelmed either.After...

  1. 1,039 Posts.
    lightbulb Created with Sketch. 16
    rgdk
    I am a DOM shareholder and I am not overwhelmed either.
    After drilling and realising the difference from resources to Measured at 90% as has been said in their Annual report I value DOM on the back of measured resources at 600 mln dlrs. So todays scrip bid should be rejected. We all know that there is a consolidation of Australian producing gold mines happening now. In the absence of a higher bid, the DOM value will accrue to KCN shareholders. So I am not unhappy since its a scrip bid, but would like to wait for a higher bid from Australian competitors. There is plenty of cash around.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.62
Change
0.020(1.25%)
Mkt cap ! $417.5M
Open High Low Value Volume
$1.61 $1.66 $1.59 $939.6K 581.8K

Buyers (Bids)

No. Vol. Price($)
2 7553 $1.59
 

Sellers (Offers)

Price($) Vol. No.
$1.62 5378 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.