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The latest update is out from Kalgoorlie Gold Mining Limited ( (AU:KAL) ).
Kalgoorlie Gold Mining Limited has updated its previous announcement regarding the proposed issue of securities. The update clarifies that the allotment was mistakenly stated as being issued from 7.1A capacity and should instead be under 7.1 capacity. This correction is important for compliance with the ASX Listing Rules and ensures the proper classification of the non-cash issue, which could impact the company’s financial reporting and stakeholder relations.
The most recent analyst rating on (AU:KAL) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Kalgoorlie Gold Mining Limited stock, see the AU:KAL Stock Forecast page.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited operates in the mining industry, focusing on the exploration and development of gold resources. The company is involved in identifying and extracting gold deposits, contributing to the supply of this precious metal in the market.
Average Trading Volume: 1,311,196
Technical Sentiment Signal: Buy
Current Market Cap: A$28.24M
See more insights into KAL stock on TipRanks’ Stock Analysis page.