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$1.52 kingsgate consolidated limited.

Can I ask what was the explanation for the bonus ?

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Tyson050509

48 Posts.

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30/01/24

15:21

Post #: 72136952
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Originally posted by picker9: ↑

My takeaways:
- Plant 1 has 2 bits of equipment that have slightly delayed refurb completion. These are all but done and they expect commissioning to take about 4 weeks, like Plant 2. Plant 1 is being updated and upgraded. Given how Plant 2 is running, I really expect some great and consistent numbers to come through.
- Doing final planning for blasting, to bring the best grades through the plant. We have been running off 0.4-0.5 grams and expect this to go north of 0.8 grams fairly quickly. They put through up to 6g early in the initial mining in early 2000s and will do similar from quartz A to get some quick cashflow.
- put the bonus to bed, with a good explanation.
- institutional investors used to hold 50% and only at 20% now. My belief is that once we show 120m+ ounces, the share price is going to go nuts as institutions come on board. This is why bots are in play and the share price is manipulated down, to mop up early.
- buybacks and dividends are coming. KCN has a very small number of shares compared to similar and they have always given a high return.

I intend buying more and holding for as long as I can for a very bright future.

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Can I ask what was the explanation for the bonus ?

KCN Price at posting: $1.44 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $1.52		Change 0.000(0.00%)		Mkt cap ! $390.4M

Open	High	Low	Value	Volume
$1.53	$1.53	$1.49	$516.7K	342.2K

Buyers (Bids)

No.	Vol.	Price($)
2	14976	$1.52

Sellers (Offers)

Price($)	Vol.	No.
$1.53	3182	1

View Market Depth

No.	Vol.	Price($)
2	14976	1.515
1	4745	1.510
1	2714	1.505
1	2714	1.500
2	27536	1.490

Price($)	Vol.	No.
1.525	3182	1
1.530	9962	1
1.535	3714	2
1.540	2714	1
1.545	1030	1

Last trade - 16.10pm 30/07/2024 (20 minute delay)

KCN (ASX) Chart

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