A further extension would project the KCNTAFTA row into the thick of the election campaign.
Reports are emerging that infightingwithin the ruling coalition could force an early election in Q1 or Q2 2023.
This current state of limbo for KCN operations is untenable beyond 2022.
The last thing the junta wants is therelease of the TAFTA ruling as it would expose their ignorance andincompetence.
On the other hand and for exactly thesame reason the opposition, if it gains power would love nothing better than tocall for the release of the ruling.
The junta will wear the opprobrium.
Hence, I believe a settlement is likely by 31 Dec.
The 2.5M short position and a resurgentgold price should keep the SP supported until Sept 16.
The baton would then pass to the ML/BOA clientele in a rerun of a year ago when the thundering herd spiked the SP to $2.40 in anticipation of the TAFTA bonanza
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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 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |