Some thoughts,Kagarra paid $8.8 million for its shares in...

Some thoughts,

Kagarra paid $8.8 million for its shares in Glengarry and the two new directors picked up those shares for $1.55 million so a loss to Kagarra of $7.25 million and a fantastic gain to the new directors and a cash gain of $600 000 in relation to cash on hand.

Considering there was a substantial amount of kagarra shares changing hands at 40 cents Glengarry had the ability to become a major holder of kagarra of the likes of Transaminvest.

A risky investment but what a turnaround it would have been to see a spec buying into a major and a great financial gain for the shareholders.

All in all Kagarra have Maitland but the royalty is there to paid in the future.

Time will tell what direction ggy will take but they better move quick as the opportunities will decrease as the market gains confidence.