Putting aside the TAFTA fiasco, as this may not be resolved for a while and looking at the two realistic scenarios
1. The political risk policy being paid out
2. Selling off of the Nueva mine
In either of these cases occurring, what would be a realistic outcome for the share price ?
Would it translate to a small bump in the price, as investors would be put off by the fact that the company has 0 revenue? Or could it result in massive demand, and hence the price tripling or quadrupling?
I ask as Im not familiar with any similar case and was hoping someone with a bit more knowledge of the market could explain it to me.
Realistic Scenarios For KCN SP
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Last
$1.59 |
Change
0.010(0.63%) |
Mkt cap ! $409.8M | |||
| Open | High | Low | Value | Volume |
| $1.60 | $1.61 | $1.57 | $305.4K | 192.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 10024 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.59 | 4110 | 2 |
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| Last trade - 15.19pm 11/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |