Nice to see that $1.50 looks like a strong support. The trigger for >$2/share would be any positive news:
1) Confirmation of loan details that will take us to the end of the year
2) Higher grade ore into at least one plant
3) Gold production rate of ≥120,000 oz/year
4) Positive TAFTA outcome
5) Positive news about Nueva Esperanza
All this against a backdrop of the gold price. Positive news more likely than negative news. As @jimmykapadia has said, we need patience.
Nice to see that $1.50 looks like a strong support. The trigger...
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Last
$1.62 |
Change
0.020(1.25%) |
Mkt cap ! $417.5M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.59 | $939.6K | 581.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7553 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 5378 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |