Seems to me that they have lowered guidance for fy13.
I was expecting 240k. 160k from Chartree and 80k from Challenger. Nowthey have given guidance of 210k and that the first half of the fy13 will be weaker. Also they have given no cash cost guidance. I think the fy13 guidance is the reason for the sell down.
Furthermore in the june qtr report, under 'outlook' they stated 'Full year Group gold production for FY13 is currently expected to exceed Group gold production for FY12.' Well they produced 208.7k last year and now they are giving guidance of 200-220k for fy13, you couldn't call that higher.
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Last
$2.55 |
Change
0.050(2.00%) |
Mkt cap ! $657.2M | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.56 | $2.47 | $2.589M | 1.023M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | $2.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 6019 | 1 |
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| Last trade - 16.13pm 11/07/2025 (20 minute delay) ? |
| KCN (ASX) Chart |