Mate, How could anyone know the beneficial owner of any share transfer? It is a guess. It was never intended to be authoritative. My guess is that this piece of good news is treated as every other piece of good news and would result in the share price going down. It is a reasonable assumption that some of the trades would be churned given what has happened previously- Look at the form 603 from the 27th January last year. I have no idea how many shares you sold, or why, how could I?
I do not know if you sold all of the 1.4 million shares that went through today. I thought that it was possible that you did not and some were churned.
That too is a guess.
Guesses are often incorrect and mine are no different.
Cheers
I think they are hoping for an investment incentive for the refurbishment of the plant as opposed to a grant of funds. It was reported that it went to cabinet along with a manganese mine I think from memory. There are 8 year tax waivers. I think it is reasonable to assume that these benefits have not as yet been received, otherwise there would have been a settlement. You are disappointed that there are no damages. They have a goldfield instead. The board has come to the view that it was better to have the goldfield than the damages. They are in a better position to judge than me. People will be happy to lend money to an operating gold mine.
KCN Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
(20min delay)