The transaction includes access for Genesis and its operating subsidiaries to some of Kin’s retained tenure to facilitate Genesis operations
Presumably this means the proposed access road from the Leo-Laverton road as well as the other one to Mertondale. GMD would then have a permitted trucking route in place to develop the Hub and Nambi projects.
A smart deal for GMD but KIN has sold the crown jewels and now has to prove they are on to something at Cardinia East.
KIN Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
