re: cgt issues...but is it an issue Your post is illogical...

re: cgt issues...but is it an issue Your post is illogical Plymouth.

1. You say that "The market decides what a company is worth" implying that KCN have undervalued AND. In which case you cannot consistently argue that "KCN have wasted a lot of time and cash on this and all they have succeeded in doing is diluting their own holders and collecting an effectively useless quarter or so of AND."

If KCN have collected a quarter or so of AND on the cheap, then KCN have done well for their share holders.

KCN will only have diluted their own share holders if they have overpaid for AND. If not, then KCN have not diluted their own shareholders by issuing a token four or five million shares for their interest in AND which is worth more than the value of the shares they have issued.

Subject re: cgt issues...but is it an issue
Stock Code AND - ANDEAN RESOURCES LIMITED
Posted 11/07/06 17:42
Posted by Plymouth
IP 210.87.xxx.xxx
Post #1144716 - 6 reads
In Reply to msg #1143398

Couldn't agree more with bootleg's first post. The sooner this KCN hoo-har is over the better. ......The market decides what a company is worth....

KCN will invariably get a seat on the board of AND in my opinion but will never have the voting power. The 20% overhang is a bit of a problem for AND holders but KCN would surely not drop this on the market.

KCN have wasted a lot of time and cash on this and all they have succeeded in doing is diluting their own holders and collecting an effectively useless quarter or so of AND. Losers.