I think it'll depend on how much of an impact this 'minor ramp slip' will have on production this quarter - yes they've lowered the FY25 production estimate by 5k to 75k ozs Au but I think it's likely to be less than half of that 5k that they actually lose in Q4 production - that amount will still cause FY25 NPAT to slip slightly under A$50mil or just under 20c/share and that will still depend on the Aust gold price over the next two months remembering that the gold price they receive is calculated on the actual gold price at least four weeks after production so gold production for w/e 27Jun25 is calculated on the gold price during w/e 25Jul25 - the main reason why our quarterly is always near the end of the following month. I'm still in the 5c camp for a dividend to be announced on 29Aug but 10c won't greatly surprise.
KCN Price at posting:
$2.00 Sentiment: Hold Disclosure: Held
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