Stealth buyer needs to get to 20% to sustain a credible takeover...

Stealth buyer needs to get to 20% to sustain a credible takeover offer.
Management will not process higher grade ore until after TAFTA settlement and the results will not be evident on the bottom line until year end.
That still gives him time to get more aggressive.
Daily staged sinking of the SP has dual purpose:
-To hoover up as much stock from retail, cheap
-To create such an atmosphere of despair and revulsion among balance retail that they cough up their stock at an offer price of say $1.80
You don't deploy HFT on a small cap without expectations of a substantial payoff.
Buyer assumed KCN's 60% retail shareholding was its Achilles heel.
But KCN retail is proving a much harder nut to crack.
Jamie's constant presentations at conferences are designed to shore up institutional and broker support to fend off a possible raider.
Recruitment of an M&A specialist as CFO is an indication of what management perceives as a threat in the offing.