KCN 1.47% $1.34 kingsgate consolidated limited.

Kingsgate Mining, page-2

  1. 4,697 Posts.
    lightbulb Created with Sketch. 588
    Mr T

    I have been to several of broker presentations,infact have arranged them for the company on many occasions.

    Although they do serve a purpose to acquaint investors that are a little slow to cotten on,they are not essential

    My real concern in the past is to have supported the directors an getting the mine going--the results have been very encouraging.

    As stated before ,the current year should show a 7 month (mine) profit of around $25 mill. ie about earnings of 50+ cents per share. (before depn)

    Remember the directors have on many occaisions said they will have a generous dividend policy.(about 30c in a full year),the maiden in OCT-NOV this year

    The new drilling programme gets underway post June 30th. This will allow conversion of 430000 oz of resource to reserves, another 3 years mine life at least.

    KCN has other assets in Thailand annd after the 5-8 year tax holiday we can expect some very expansionary events commensurate with the POSSIBLE restructure of the existing asset--do not underestimate this ,it will be a real bumper.
 
watchlist Created with Sketch. Add KCN (ASX) to my watchlist
(20min delay)
Last
$1.34
Change
-0.020(1.47%)
Mkt cap ! $296.5M
Open High Low Value Volume
$1.35 $1.39 $1.33 $396.3K 288.9K

Buyers (Bids)

No. Vol. Price($)
1 3716 $1.34
 

Sellers (Offers)

Price($) Vol. No.
$1.37 3 2
View Market Depth
Last trade - 16.10pm 05/07/2022 (20 minute delay) ?
(live)
Last
$1.36
  Change
-0.020 ( 0.37 %)
Open High Low Volume
$1.34 $1.39 $1.34 30210
Last updated 15.59pm 05/07/2022 (live) ?
KCN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.