an interesting situation - with mbl, aquiring a 5% stake, and from memory cba, also a substantial shareholder. kcn have more than 10%, so that effectively cuts out another bidder, without kcn giving the nod. the take up certainly hs been slow, but who knows, kcn may have pickedup a few more million, since the last announcement. given todays kcn price, i suppose andean holders would be thinking twice about putting their acceptance in the mail - but that could alll change when the quarterly comes out
as mm has indicated, it would not take too long to do a due dilligence - after all, there is not too much to this - just a series of drill holes, and associated geophysics, or whatever exploration tools are being used
andean will need to raise more money, which means that shareholders will have to cough up more, to maintain their equity in the company
as has been stated several times by myself, and others, it is possible that kcn are paying too high a price for andean. hey, maybe that is the reason for the weak shareprice in kcn - investors are worried, that kcn might get a substantial, and thus overpriced stake in andean
AND Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
