white wabbit, page-2

the andean share price, shows very little premium to the kcn scrip bid value. a cash bid is simply out of the question, as it would be paying over the top for andean. a cash bid would cost in the order of $100m - money that would be better spent on developing the chatree assets (expansion).

despite claiming that the cerro negro deposit has attracted considerable attention from the "majors", the reality is, is that there has been no counter offer. there has been more than ample time, to have worked out a counter proposal. the fact that none has been forthcoming, indicates that no one is willing to match the kcn offer