Ann: Kingsgate completes $46M institutional placement, page-86

- Blackmailing protesters / ex-employee, trying to sell land for inflated prices. Alleging pollution / heavy metals / sickness.
- Coup leader wanted to make himself look like a benevolent strong-man, so shut the mine using his dictatorial powers. Pollution not proven, which would have been required to shut the mine using regular laws.
- Protesters would have been pleased. 1000 fired employees and families not.
- He was surprised to learn that the dictatorial powers (that he handed himself when committing the coup) don't work internationally. TAFTA helped.
- Related parties / rich Thais attempted to takeover the company. Failed.
- Government tried to bankrupt the company, instead of fighting in court. Failed.
- Legal advisors probably told the government that they'll lose, and should negotiate.
- They've given significant exploration licenses, and stopped withholding the Quartz Lease, but have introduced a new bad royalty scheme. No discounts given on that yet.
- They forced KCN to do gold refining (0.9999 etc) in Thailand, giving a govt related party a monopoly? Possibly neutral for KCN however.