KCN 1.30% $1.52 kingsgate consolidated limited.

Something is very fishy.Apparently, if we need cash to fund the...

  1. 81 Posts.
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    Something is very fishy.

    Apparently, if we need cash to fund the last part of plant 1 refurbishment, we will, have it?
    Apparently, the loan is well advanced.
    Apparently the Thai loan was well advanced over year ago!!!
    Apparently, we could get a Thai loan, so we did not need to dilute.

    If we can get a loan, then why don't we? Use the loan to finish the refurbishment and use revenue to buy back stock? The answer is either.

    A) We can't get the loan and management are bull$hiting us, or actually lying to us.
    B) Management is incompetent.
    C) Management want's a low share price for XYZ reason.

    Next!
    Language has gone from sell NE to potential JV?! The reason is so incompetent wet blanket J.Gibson can have a CEO job after the sale of Chatree in a few years, as that is the stated exit plan from Ross. He is old and needs to move on. J.Gibson would be left jobless and not competent enough to get a CEO position anywhere else on the planet.

    Why fly around the world and promote KCN if you want to buy back stock? Schizophrenia?
    Zurich, Kalgoorlie, America, Thailand * 6

    Be VERY CAREFUL of management, wanting and NEEDING a second asset no matter how crap, to secure future employment. It does not matter how crap the asset is if you can earn $500K - $1m per year with mediocre returns.

    Get the share registry under 200m shares. Improve life of mine drastically over 2024 and 2025 and sell Chatree for over AUD $1,000,000,000 or over $5 a share in 2026. $3.5 tax free from capital returned. $2 at 25% tax so you walk away, post-tax man with $4,62 per share.

    This is the Minimum you will receive.

    That is the WoodFr0mTrees
 
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