re: kcn has .. 22 per cent ..bells sounds 4 next
good point mm
the terms of any farm in offer made, would have reflected how other parties valued the cerro negro prospect. the knowledge of these terms, would have allowed andean shareholders to have viewed the kcn bid, on a more objective basis
watso has often claimed, that the cerro negro prospect, is not much more than a good exploration play, and that a cash bid would not be forthcoming. also considering after reviewing the data, the best that has been offered, was a farm in deal, and not even a scrip offer, should speak volumes. farm in deals, are always structured, so that there are plenty of escape clauses along the way
kcn are in a good position though. then andean shareprice has fallen to sub 30c . there is nothing to prevent kcn from increasing their stake, in the fullness of time
AND Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
