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$1.58 kingsgate consolidated limited.

I want dividends as well.We have been waiting a long time for...

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subi1

8,438 Posts.

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09/07/24

11:50

Post #: 74669412
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Originally posted by Dalts365: ↑

This whole situation with Kingsgate is one of the most frustraighting things ever.

We all want the SP to move up and there are forces keeping it down.

We need management to refinance our debt and we absolutely have to spend every spare cent that we produce on a SHARE BUY-BACK

We will gradually increade grade, recovery, ounces produced and free cash flow. They are still busy with the cut back, which will linger for up to 9 months, however, we are on track for over 100,000 ounces in FY'24.

That 100K will bring $130,000,000 of free cash flow and so, after exploration, interest, some debt payments I am expecting every other cent to go towards a SHARE BUY-BACKThere are two options.
1) The share price rises drasticially to a price more inline with fair value
2) The share price remains low and we drasticially reduce the shares on issue.

Management must now use their actions to do the talking or have a furious shareholder base at the next AGM

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I want dividends as well.

We have been waiting a long time for the them to get in a free cash flow position to enable buybacks and dividends.

Hopefully coming soon.

KCN Price at posting: $1.56 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.58		Change -0.050(3.08%)		Mkt cap ! $405.9M

Open	High	Low	Value	Volume
$1.63	$1.64	$1.55	$696.0K	440.1K

Buyers (Bids)

No.	Vol.	Price($)
1	9003	$1.56

Sellers (Offers)

Price($)	Vol.	No.
$1.58	10714	1

View Market Depth

No.	Vol.	Price($)
1	9003	1.560
1	1549	1.555
5	29180	1.550
1	1549	1.545
2	25000	1.540

Price($)	Vol.	No.
1.575	10714	1
1.580	1549	1
1.585	1549	1
1.590	4674	2
1.600	1200	2

Last trade - 16.10pm 22/07/2024 (20 minute delay)

KCN (ASX) Chart