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5.8¢ kin mining nl

https://im-mining.com/2023/10/12/mlg-oz-set-to-work-with-genesis-...

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17/10/23

21:33

Post #: 70394244
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Originally posted by RooBendigo: ↑

Kin would have needed to raise capital ... this gives them potentially 24 million from selling GMD shares, including a $14 million profit in less than 12 months.

But the big reason for buying the DCN shares was leverage in Leonora consolidation. Acceptance of the TO offer can't be linked to a milling deal directly, because a TO has to offer every shareholder the same deal. But the board's decision implies to me they are confident about Kin's place in consolidated Leonora operations.

Strictly speaking the TO deal was with GMD, a milling deal would be with DCN. I wonder if GMD talked to Delphi directly ... they must have ... while talks with DCN about milling were between Kin and DCN boards ... i.e. two parallel but different processes, informed by GMD understanding why and Delphi took 10% of DCN in the first place.

Lets see what DCN have to say about re-starting the Mt. Morgan's plant ...

Anyway, GMD can have my DCN shares also. That should make their day.

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https://im-mining.com/2023/10/12/mlg-oz-set-to-work-with-genesis-minerals-in-leonora/

I wonder if this is related to KIN, particularly given they are already being used for BGL.

KIN Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change -0.002(3.33%)		Mkt cap ! $68.33M

Open	High	Low	Value	Volume
5.8¢	5.8¢	5.8¢	$5.946K	102.5K

Buyers (Bids)

No.	Vol.	Price($)
1	103882	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	462353	2

View Market Depth

No.	Vol.	Price($)
1	103882	0.059
4	106097	0.058
4	144631	0.057
2	409611	0.056
1	41818	0.055

Price($)	Vol.	No.
0.060	462353	2
0.061	156967	2
0.062	16666	1
0.063	210000	1
0.064	104628	4

Last trade - 12.55pm 18/07/2024 (20 minute delay)

KIN (ASX) Chart