Ann: Quarterly Activities Report, page-2

"Independent external review and targeting exercise" ... I imagine you only need an independent external review to mediate between two parties, for example to put a value on an agreement with Genesis. Why else would Kin need an independent assessment of its own assets?

I am wondering if we will see something like what happened with SBM ... Kin shareholders get GMD shares for Cardinia plus retain Kin shares with cash and some tenements.

I was wondering how there could have been an agreement with Genesis that was solid enough to allow Kin to give up its DCN leverage, but provisional enough to not need an announcement. Subject to independent external assessment and subject to GMD obtaining 100% of DCN might make sense.

Change in language also about production ... "monetise assets". Plus there won't be an MD until it is clear what Kin will look like.

Of course I might be over-interpreting.