KGD

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0.6¢ kula gold limited

From an unbiased non-holder of either stock perspective I think...

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eshmun

11,185 Posts.

2609

30/06/17

15:50

Post #: 25594422
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Originally posted by 10 ↑

As a GPR holder rather than a KGD holder my thoughts are:

GPR went down around 30% as a result of this bid, KGD went up over 50%.

On that basis, GPR's holders may be better-off with no takeover. Its shares would likely improve back to where it was and KGD would likely go back to where it was too - no cash and a price taker with nothing much to do.

If KGD is worth anything near what the "Ex Spurts" report says then GPR is correspondingly worth considerably more. In any case the target shareholders make that the decision to accept/reject not the Target Co.

GPR has/will unlock the value and build a mine. KGD tried/failed/stagnated.

The end position under the current structure with no takeover is ultimately a funded and bigger GPR with 85% and KGD with 15% having to fund itself as a passive minority with ASX shell holding costs.

GPR has/will continue to fund itself with or without the merger. It has 4-5 large holders prepared to do that.

KGD isn't going anywhere without ultimately merging its interests with GPR. Now or later.

I'm indifferent to the outcome and in a small way would prefer no T/O from GPR's perspective.

Good luck to all.

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From an unbiased non-holder of either stock perspective I think "later" will benefit KGD more, assuming the project remains a success. Good luck with your GPR shares. I held them for a brief while when they started on the Kou Sa project. Esh

KGD Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 0.6¢		Change 0.000(0.00%)		Mkt cap ! $5.467M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$405	60.36K

Buyers (Bids)

No.	Vol.	Price($)
18	5944051	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	3998146	4

View Market Depth

No.	Vol.	Price($)
4	457319	0.008
16	6500418	0.007
8	8677499	0.006
6	3400194	0.005
6	2420239	0.004

Price($)	Vol.	No.
0.009	1801059	3
0.010	1416412	6
0.011	2237901	10
0.012	481375	3
0.013	180000	1

Last trade - 16.10pm 18/11/2024 (20 minute delay)

KGD (ASX) Chart

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