I wrote, "at least partly" the cause of their woes. I think...

I wrote, "at least partly" the cause of their woes.

I think there is enough information out there to suggest that KCN had some relationship problems on the ground and with former partners, the Chatree issue was brewing for many years and some of the Chairman's public statements didn't help KCN's argument.

KCN's board does have a credibility problem. You need to keep in mind that KCN blew ~$400m of shareholder value on the Dominion (Challenger) acquisition in 2010 via the issue of .31 KCN shares for every DOM share held - which KCN sold to WPG for $1m - and blew another $50m when it sold Bowdens to SVL for $20m, I think KCN had spent $70m.

For KCN's shareholders, I think there is general agreement that some changes at the board level would help. For MTR/Sprott, its looking like a lowish risk investment.