KCN kingsgate consolidated limited.

Ann: Appendix 4D and Half-Year Financial Statements, page-17

  1. 5,204 Posts.
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    Have you read one of these things before?  You appear to be focusing on the mandatory "Going concern" disclosure that is agreed upon before the appointed auditor can sign off under ASX listing rules.

    Actually wording

    TAFT: "The Board of Kingsgate considers  that  the  Company  has  excellent  prospects  of  successfully  recovering  very  substantial  damages against  the Kingdom of Thailand and will vigorously prosecute its claim."


    PRI: "While  the outcome of  the proceedings cannot be guaranteed,  the Board considers  that  the terms of the Policy correspond to the actions taken by the Thai Government against the Company in 2016."

    Critically in terms of the PRI you and others continue to miss the fact that Ross and the Board have submitted a claim for full US$200M and nothing less.  



 
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Last
$4.11
Change
-0.275(6.28%)
Mkt cap ! $1.165B
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