Not meaning to be a complete smart ass here but RIOs poison pill via $30b investment in alumina bought the company to its knees in 2009. It also provide a once in a decade opportunity for smarties like me to pin their ears back a subscribe for a ridiculous low rights allocation. I’ve been debt free ever since. Did a similar value trade with BHP as it collapsed to sub $15 in the wake of it US shale foray and Brazil tailing collapse.
IMO KCN has the potential upside from this point onwards to make those gains look like pocket money.
Not meaning to be a complete smart ass here but RIOs poison pill...
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Last
$1.21 |
Change
-0.035(2.81%) |
Mkt cap ! $311.8M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.27 | $1.21 | $9.496M | 7.813M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 158372 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 442307 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| KCN (ASX) Chart |