KCN 5.17% $1.22 kingsgate consolidated limited.

Yep it's a joke. Kcn has already indicated it intends to cut...

  1. 1,214 Posts.
    lightbulb Created with Sketch. 186
    Yep it's a joke. Kcn has already indicated it intends to cut loose Akara resources at the end of the year. Restated financial position after cross guarantee is equity position about $67m ~ 28 cents per share. The banks will get the Chatree mine.

    So the Thai tycoon can talk to the banks.

    But really it s not about the environment or good of the people. It's about greed, the generals want the mine for themselves. If you extend mine to the limits of it existing permits..Chatree can generate at least $2bn in value. I suspect this is the real reason why they blocked the IPO with trumped up charges of corruption, which conveniently faded away. Easier to take the mine off Australian shareholders than Thai ones.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.22
Change
0.060(5.17%)
Mkt cap ! $314.4M
Open High Low Value Volume
$1.18 $1.23 $1.18 $887.0K 733.8K

Buyers (Bids)

No. Vol. Price($)
3 19981 $1.21
 

Sellers (Offers)

Price($) Vol. No.
$1.22 1300 2
View Market Depth
Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
$1.22
  Change
0.060 ( 5.37 %)
Open High Low Volume
$1.18 $1.23 $1.18 80533
Last updated 15.59pm 28/03/2024 ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.