KCN 3.55% $1.61 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
$1.61
Change
0.055(3.55%)
Mkt cap ! $413.6M
Open High Low Value Volume
$1.56 $1.61 $1.55 $1.070M 679.3K

Buyers (Bids)

No. Vol. Price($)
1 5000 $1.60
 

Sellers (Offers)

Price($) Vol. No.
$1.61 3694 1
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Last trade - 16.10pm 24/07/2024 (20 minute delay) ?
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