With so much expensive and short-term debt in play, the company will be seen as risky until that debt is gone. Expensive short-term debt is usually not a good sign for investors.
According to management's timetable (eg. recent debt's timeframe), it should be realistic to get rid of it within 6-12 months. (Side note: LG, no point doing a buy-back now and having us in an even direr financial position).
Get rid of that debt, reach full production and possibly start buy-backs or dividends, and we could start trading on a more regular multiple.
shareholder review: KCN 2023 in a nutshell, page-11
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$1.38 |
Change
0.035(2.61%) |
Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.40 | $1.35 | $388.8K | 281.5K |
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| No. | Vol. | Price($) |
|---|---|---|
| 10 | 8132 | $1.38 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1284 | 2 |
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| Last trade - 14.29pm 15/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |