Ann: Kin accepts Genesis Offer for Dacian Shares, page-6

Current worldwide discovery costs for gold is around $62 US per resource ounce I think.

Kin always said the DCN purchase was good value, which is seems to have been unless GMD share price plummets (it has been the 2nd most shorted stock on the ASX for a while), but we were told the primary reason for spending precious exploration dollars on shares was to get a seat at the table where regional consolidation was decided.

It would be extraordinary if the seat at the table strategy had been abandoned without the company thinking to mention it.

Hence in my mind the decision to let the DCN shares go must have been informed by a solid expectation that Cardinia ore will not be stranded by the monopoly on processing GMD will now have. (If RED 5 aren't looking for ore and other plants are too far).

I am unclear how that might work. There can't be an agreement to sell or process ore in place, because we would have to have been told. But there must be some reason to think that once GMD have the Mt. Morgan's mill Kin will not be left with an unfavourable take it or leave it deal.

Maybe there is a deal just waiting for board approval. Fingers crossed.

j