mmmm - kcn is trading xd, but andean shareholders who accept, get the 5c dividend - so in effect, todays kcn price, plus the dividend, equates to 42c per andean share
as kcn point out, the bid has been on the table for 7 weeks, and despite andean stating that several majors showed significant interest - there has not been a counter offer. as the kcn bid expires in a few days, then it is more than apparent, that there will not be a counter offer. i suppose that indicates that other companies do not see much value in andean - which could mean that kcn is paying too much (which i think they are)
kcn are confident of doubling gold production to 300,000 oz per annum within a few years. just imagine, andean shareholders, in effect, will have AB0UT 75,000 0z of this production. there is not the remotest chance that andean will be producing within a few years
AND Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
