Appears they are flush with cash.
Celebratory events, bonuses, jaunts are typical for someone rising from the dead and then hitting the jackpot.
With an AISC of $700 USD for the stockpile they would be generating $18M AUD cash flow per quarter.
AISC could be as low as $500 USD.
The old fox has probably front loaded the capital expenses including long lead items for Plant #1 into the June and September quarters.
Thai bank loan was likely window dressing to sell the CR and make it look respectable, with no intention of ever taking it up.
Light volume over the past few weeks indicates retail selling while the big end holds tight.
Wouldn't be the first time retail got taken for a ride.
Sep23 quarter predictions, page-11
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add KCN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.65 |
Change
0.070(4.43%) |
Mkt cap ! $425.2M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.68 | $1.62 | $858.1K | 520.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8431 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 45705 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |