re: takeover offer increased .and still paying too watso hopes...

re: takeover offer increased .and still paying too watso hopes that the kcn board have done their homework on this one, as watso thinks that kcn are paying too much. be what it may, however, watso was amused by the following comment in the response from andean, to the increased takeover offer

"the revised offer tabled by Kingsgate today represents a 24% discount to the value of their offer at the start of the bid process"

maybe it has not dawned on the andean board, that the andean share price, has mostly tracked the kcn value of the bid, even if there has been a small preimium, from time to time. the reality is, is that the gold market has fallen a bit, over the last month or so, and one wonders what the andean share price would be, without the kcn bid underpinning the shareprice - certainly a lot less than the 33c that andean was trading at, immediately prior to the announcement of the bid by kcn