Are you saying they should raise the 50 million from current holders, or to give shareholders some of the shares and then have the 50 million dollar ipo?
I would much rather for them build up some cash to fund the company and issue all the shares to current holders. It could be a real boom for current holders.
I am sure there are a few options but if Kcn don't need the cash they should be patient and drill it more to make it more valuable. A few million dollars' worth of drilling and some big gold and silver hits might find a lot of extra resource.
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Last
$2.41 |
Change
0.180(8.07%) |
Mkt cap ! $621.1M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.47 | $2.25 | $6.526M | 2.752M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19077 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.42 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| KCN (ASX) Chart |