KCN 0.32% $1.59 kingsgate consolidated limited.

Macquarie Bank rate KCN “Underperform” with a target price of...

  1. 159 Posts.
    Macquarie Bank rate KCN “Underperform” with a target price of $0.50.

    Key points of Macquarie note:
    • Surprise exit of CEO, CFO, NED
    • Concerned by reserves downgrade at Chatree – reduction of reserves by 420koz, much more than the 135koz of production in FY14
    • Downgrade in avg grade of Chatree reserves from 0.87g/t to 0.80g/t
    • Forecast losses for next two years for KCN, only just break even in FY17
    • Reserves and grade reduction shortens Chatree mine life by 2 years
 
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Last
$1.59
Change
0.005(0.32%)
Mkt cap ! $409.8M
Open High Low Value Volume
$1.63 $1.65 $1.58 $301.7K 187.1K

Buyers (Bids)

No. Vol. Price($)
3 27763 $1.58
 

Sellers (Offers)

Price($) Vol. No.
$1.59 29 1
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Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
KCN (ASX) Chart
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