KIN 1.47% 6.7¢ kin mining nl

What makes the proposed merger of Kin and PNX compelling...

  1. RnR
    45 Posts.
    lightbulb Created with Sketch. 15

    What makes the proposed merger of Kin and PNX compelling value?

    We are told the proposed merger provides 'compelling value' because Mergeco can 'accelerate exploration' and 'fast track development-level polymetallic assets in the NT, including Fountain Head and Hayes Creek (zinc, gold and silver) and a uranium deposit at Thunderball.
    And give Cardinia gold and base metals a go as well.

    Whenever you see the words polymetallic or uranium, especially in the same sentence, beware.
    Even more so when they've been studied to death over years but stay in the ground.
    Luckily there's no mention of REE's or Lithium, yet.

    What are the anticipated outcomes that make it compelling value?
    After months of M&A evaluation work and the announcement, why is there no plan out there.
    Why not provide a broad and obviously conditional picture of what makes it work?
    (It's not because there's no Kin CEO to tell the story.)

    If it was any good the broad upfront plan would be out there already - a bit like the way GMD and others sell there story.
    Whether you believe the story or not is not the issue, but there has to be an explanation for all shareholders of the thinking and broad plans that underpin the proposal.

    I think the reality here is that there is no good story otherwise it would have been be told, and claims of compelling value are empty.
    The proposed merger is obviously agreeable to the common major shareholder - so here it is.
    Will it turn out to be 'an offer you can't refuse'?

 
watchlist Created with Sketch. Add KIN (ASX) to my watchlist
(20min delay)
Last
6.7¢
Change
-0.001(1.47%)
Mkt cap ! $78.93M
Open High Low Value Volume
6.8¢ 6.8¢ 6.6¢ $23.74K 354.5K

Buyers (Bids)

No. Vol. Price($)
4 373305 6.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.7¢ 390000 1
View Market Depth
Last trade - 12.38pm 21/05/2024 (20 minute delay) ?
Last
6.7¢
  Change
-0.001 ( 1.47 %)
Open High Low Volume
6.6¢ 6.7¢ 6.6¢ 36000
Last updated 10.36am 21/05/2024 ?
KIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.