You mean GCY? Their meltdown over the last few weeks is food for thought, for sure. They looked like a finely honed machine compared to the chaos at KIN since the start of this year. And now they are almost as buggered as we are.
Sproule’s fans might say that GCYs case proves the point that KIN needs plant and engineering know how. But as it currently sits, I’ll be voting for the incumbents. Not impressed with them at all, but no evidence as yet that Sproule and his backers have a better plan, beyond throwing out the current management. I’m also still suspicious that they might be creating nuisance value so they can get through a block sale of the shares that they still hold at a better price than market.
I can understand the people who want revolution but what comes after the bloodletting?
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