Re Challenger Mine sale.
Dearly Departed Gavin T would be turning in his grave at this divestment. Capitulation and miserable financial outcome.
This from the front page of the original release, and note, they can't even close the quotation marks at sentence end!!
“The sale of Challenger is a key plank in our strategy of reinvigorating the company,” Kingsgate Chief Executive Officer, Mr Greg Foulis said. “It gives us the opportunity to refocus our priorities and pursue meaningful new business and mine development opportunities.
So exploration at and around an operating mine does not afford shareholders with an opportunity to add value???
Would a large capex mine build in a far flung part of the world (South America) be much less risky? Notwithstanding KCN has NO financial wherewithall to build such a mine.
Endorse prior posters views. Scant regard for shareholders. Lame duck CEO.
Three Strikes! A key PLANK.... spare us. Is that what a $600,000 salary gets shareholders? This bloke has zero Directorship experience.
The KCN "Brains Trust."
-
- There are more pages in this discussion • 37 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
$1.43 |
Change
-0.025(1.72%) |
Mkt cap ! $367.2M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.37 | $1.527M | 1.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6235 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 21521 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| KCN (ASX) Chart |