Kingston Resources divested its Misima gold project in PNG this week for about $100M. Whilst completely different to Warriedar's Big Springs project in the USA, there are a few salient points. The project was a distraction, worthy in its own right and very compelling for the right suiter.
In short, the funds inflow will potentially take KSN to the next level, remove the distraction and be a real boom for shareholders, as theshare price is up about 30% already this week.
Depending on how you view this, whilst they'll never get Misima back, it appears to be the right move at the right time.
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $170.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $2.381M | 16.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 2348269 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 3585663 | 16 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| WA8 (ASX) Chart |