KCN 0.00% $1.41 kingsgate consolidated limited.

I think people don't want to bet on a legal outcome (assuming...

  1. 2,083 Posts.
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    I think people don't want to bet on a legal outcome (assuming the company remains funded until then).

    How many people are legal experts able to predict the outcome?  Even if they expect a positive outcome, it's still a gamble compared to investing in other companies.

    I'm ok gambling with the KCN shares that I already have which have little remaining value, but I'm not gambling any more money (which would in effect drive up the share price).

    Judging by the share price, quite a lot of people want to avoid the legal process and the gamble, by selling, while barely anybody is wanting to take on that risk.

    $34m market cap - pretty low, so if there's any inside info about the NE sale, or if they release any good news to market, maybe somebody will decide to buy.
 
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Mkt cap ! $332.4M
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$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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