ever thought that mr thomas might be the best person for the job. i just read his reasons as to why he should stay. indeed, given that the andean shareprice. consistently trades at a discount to the value of the kcn scrip offer, then it could well be likely that kcn will get the 25% that they are after - in which case kcn would be well placed to have a representative on the andean board. indeed, the meeting to remove mr thomas, is nothing more than a reflection of the calibre of the independent directors. mr thomas is correct, in suggesting that the correct time, is at the end of the kcn bid
mmmm - watch andean share price collapse after the end of the offer - just in time for the independent directors, to explain the reasons to the shareholders at the meeting
gosh. if what mr thomas writes is correct - namely
"At this stage, there is no other person on the Board or at Andean’s office in Australia with a technical mining or exploration background. This is a concern given the early stage of the project, which still requires considerable technical guidance at all levels in the company."
then i would suggest that shareholders could well be duped by people who do not really have a clue. perhaps shareholders would be best served, to follow the lead of mr thomas, and accept the bid
also
In particular, the Andean Board has publicly acknowledged how I identified the potential of the gold system at Andean’s flagship project at Cerro Negro and discovered that the primary area of current mineralization was missed in drilling by the project’s previous owners. This area is now the heart of the identified resource
AND Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held