I've made a rough flowchart. The top red possibility is already gone, after today. The downside chances may have been reduced by almost half now.
There are quite a lot of decent/good outcomes from here. Well, good relative to the current SP, but not necessarily compared to people's average buy which could be at $1+. So the next question is - will the TAFTA legal proceedings + company upkeep cost more than the remaining $55m, therefore requiring the sale of NE or new debt. And if NE is sold soon anyway, will that leave a fairly large surplus of cash in excess of what is needed for the TAFTA claim.
KCN Flowchart
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Last
$1.40 |
Change
0.045(3.32%) |
Mkt cap ! $360.8M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.42 | $1.38 | $627.5K | 448.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 36314 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 506 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |