KCN close $7.50 = $2.325 DOMKCN close $7.50 = 1.44 cents...

KCN close $7.50 = $2.325 DOM

KCN close $7.50 = 1.44 cents LRC

Knuckle, it's not just the DOM shareholders who would not be too pleased. Spare a thought for the 70% of LRC shareholders who now have the miserable equivalent of a token 1.44 cents for each LRC share.

While the remaining LRC shareholders in what has become a very tight stock are facing a capital consolidation as foreshadowed by KCN - but who imagined it would be 1 new LRC share for every 125 shares held, leaving LRC with a token 9.9 million shares on issue of which 70% will be owned by KCN.

After this of course will be the LRC capital raising.

What we have seen is another example of political risk in Thailand. It's the political risk caused by slow and excessive red tape that on more than one pccasion has resulted in KCN being forced to cut right back on gold production while waiting for an approval.

Not to forget the long, drawn out issue of getting drilling access to prime exploration prospects. It's annoying, but seems to be a fact of life in Thailand.

The way I see it is these sell downs provide great buying opportunities.

At present there's also some irony in KCN's moves on DOM and LRC as KCN started implementing its diversified mines growth plan by acquisition in order to become the preferred medium size ASX listed gold miner and gold investment option after NCM.

The KCN market capitalisation now, including 100% of DOM and 70% of LRC, is less than when KCN was trading at over $12.00 late last year with no DOM and no LRC.

With a $7.50 share price - and possibly lower in the immediate future, that's anyone's guess - KCN's growth plan aimed at also securing its independent future has ironically now made KCN an even more attractive takeover target at these prices for predator gold companies that are prepared to look just 6-12 months ahead when current KCN issues should all be sorted out plus will quite likely have an even higher gold price!