KCN 0.00% $1.41 kingsgate consolidated limited.

Hi @remirez nice to catchup with you again :) KCN is the...

  1. 854 Posts.
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    Hi @remirez nice to catchup with you again KCN is the most-interesting story on the ASX..Risk for reward i rate it as the pick..A great case for $200 million sovereign-risk insurance payout in the coming months..a policy which Galaxy requires, entering mine-setup in Argentina being politically & economically unstable. A full payout/settlement on their insurance-policy claim would reset KCN price above $1. The big prize Kingsgate is working towards is year-end $500 million + compensation from Thai Military Government for their wrongful-shutdown of Kingsgate's long term successful gold mine.

    My last buy was 16c a fortnight ago and if SP pulls-back to 17c i'm interested in buying again..Just had 3 consecutive days of hitting intra-day 3month highs so it's not a bad idea to see how the dust settles here..but announcement of Chile silver/gold mine sale is anticipated any day now, which could well create SP of 30c + combined with special-dividend already flagged by the company as likely :

    https://mail.google.com/mail/u/0/s/...=1622490267252686848-local0&safe=1&zw

    If i hadn't already loaded-up at 16c i'd be buying now, as the upside looks way better than any downside IMO
 
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Last
$1.41
Change
0.000(0.00%)
Mkt cap ! $332.4M
Open High Low Value Volume
$1.40 $1.44 $1.40 $484.1K 342.0K

Buyers (Bids)

No. Vol. Price($)
15 25250 $1.40
 

Sellers (Offers)

Price($) Vol. No.
$1.41 8280 25
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Last trade - 12.38pm 04/12/2024 (20 minute delay) ?
KCN (ASX) Chart
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