Kingsgate getting more confident on positive Chatree development

KINGSGATE Consolidated believes its case against the Thai government regarding the closure of the Chatree mine is strengthening such that it now intends conducting a buy-back of its shares on concerns the current share price doesn’t reflect the potential upside of a successful conclusion of its international arbitration.

Kingsgate getting more confident on positive Chatree development Kingsgate getting more confident on positive Chatree development Kingsgate getting more confident on positive Chatree development Kingsgate getting more confident on positive Chatree development Kingsgate getting more confident on positive Chatree development

The Chatree plant in Thailand

Debt-free Kingsgate had A$42 million cash to its name at the end of June, with political risk insurance proceeds of US$55 million received in April and a standby loan facility of A$22.

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