Auralandia is unlikely to be interested in the KCN offer as they have paid 2 cents which does not make any profit at current prices. this means that KCN will not get full 100% and LRC will remain listed. it is likely that at a later date KCN will offer the minority shareholders a higher price, but no guarantees on that. LRC will require a large capital injection to get a mine up and running so holders would expect a call. Kinross is a possibility , but they have a lot of projects and this is probably too small a deal for them. Unless KCN sweeten the deal l am inclined to hold the shares longer term in expectation of a higher offer, but no guantees on that one. comments anyone?
LRC Price at posting:
$2.38 Sentiment: None Disclosure: Held
