re: Ann: Presentation- Kentor Gold Take-over ... Nope. "IF" Andash fails. In all likelihood it will not. However, I think this is a good move for the company.
I've posted here about the dangers of mining in an ex soviet state. IMO it's more risky there than in certain parts of Africa having talked to a few friends from those parts.
Certainly, the political environment have stalled KGL's progress and I've stayed out for those reasons.
The low cost of production (positive cost?) is appealing, it really is. I have FML and they produce at $800/oz.
So once a stable environment is provided SP will rocket. This latest acquisition IMO provides a safety net and a bit of stability. It does, IMO, mean that Andash will be delayed for a longer period of time than people think. We certainly don't want management doing nothing while we all wait.
Ann: Presentation- Kentor Gold Take-over Offer fo, page-9
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10.5¢ |
Change
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Mkt cap ! $59.56M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $1.368K | 12.59K |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 255954 | 10.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 170120 | 4 |
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