KCN 0.53% 93.5¢ kingsgate consolidated limited.

hammered on news of placement

  1. 25,206 Posts.
    kcn have announced a placement of shares at $3.55, to raise $38m . the market did not seem to like it. the purpose of the funds is to actively explore the region, prior to the time, that the company has to relinquish a half share in the project - in three years time. hopfully, the company will turn up new orebodies. anyway, i am a long term holder, and hopefully, they will turn up new orebodies. they are also going to look at the deeper potential of the orebodies

    happy punting to all holders
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