KCN 0.74% $1.34 kingsgate consolidated limited.

"Given that market conditions have delayed the Thai IPO yet...

  1. 3,367 Posts.
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    "Given that market conditions have delayed the Thai IPO yet again, the market is wondering where KCN will get the funds to fund Esperanza and Bowdens"


    Here we go... at the 5 minute mark in this interview two days ago. "We will have to find $125m equity to fund Esperanza"

    http://www.kingsgate.com.au/newsdesk/2012/08/sky-news-interview-kingsgate-ceo-managing-director-gavin-thomas/

    Challenger may be the excuse, but this is the real reason for the sharp falls, imo. Institutions likely to get shares at rock bottom prices.
 
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