Thanks for the news-update @danbradster ..sounds like she's the new King's sister..could be her protest against the deal he has going with Chan-o-cha..Quite a circus over there, irrespective of the motivations..the Yanks would love that, too..after Markle's infiltration of the British Royal Family..he kind of gets to be a Prince AND the First Bloke..2 high profile distinctions in 1 LOL..The Americans will be watching that election like hawks now
I'm glad we're out of that place..it would be horrible mining (doing business) with all that domestic/political uncertainty while shouldering that long-term $150 million Investec loan we ended-up paying off 2 years ago..
I still smell a quasi/proxy takeover attempt on our company..Every single day, around 9am a 165,000 unit 16c sell-parcel arrives to park there for the day, then removed around 4pm..clearly not really wanting to sell IMO just serving to keep the SP suppressed..Initially we thought maybe it was RCF unloading the remainder of their holding for their forced sale..but the vendor's behaviour has pretty-much ruled that out..I think somebody is preparing to launch another coup on our Board..as cheap as they can get away with..Let's face it Chan-o-cha had his opportunity August 2017 to cough-up some funds to help us restart Chatree in the wake of his back flip on the ill-conceived shutdown :
As history revealed, he was too cheap to fund the $100 million required to get Chatree back up & running..probably failed to comprehend that it's not just a switch to-be-flicked..like pulling a gun trigger..as he had no business experience & zero governing experience to grasp the steps involved..By orchestrating a KCN takeover he has another-shot at getting-out of the mess he created (similar $100 million cost) without the shame of paying a settlement..and put the Chatree Gold Mine under the control of Thai's which I suspect was part of their mine-mothballing motivation all along..Alternative is facing a $500 million + arbitration award in November combined with the international shaming & fury of his people..whatever role he may hold come November this year..Interesting days ahead..Get the popcorn ready folks..it's a show not to be missed..
KCN Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
