Well I must say that I keep oscillating from positive to negative sentiment on KCN on almost a daily basis...
Overall the SP is holding up exceptionally well at these levels but as July-August rapidly approaches with no news flow I would not be surprised to see lower levels - not quite sure how low though.
On the strength of the information on hand though, one would beleive that granting of the leases is as KCN put it, a question of when, not if. Provided nothing emerges that casts doubt on the approval making the "if" scenario more likely, then I think that the massive post-granting upside should support the SP even if the current ore supply runs out...
Well there you go.. I have reassured myself that holding is the best strategy... at least until tomorrow.
retrace, page-7
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Last
$1.28 |
Change
0.015(1.19%) |
Mkt cap ! $327.9M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.29 | $1.24 | $1.770M | 1.402M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 33248 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 9330 | 8 |
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| Last trade - 13.16pm 12/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |