KCN 0.00% $1.62 kingsgate consolidated limited.

kcn coming for dom, page-20

  1. 1,039 Posts.
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    rgdk
    I am a DOM shareholder and I am not overwhelmed either.
    After drilling and realising the difference from resources to Measured at 90% as has been said in their Annual report I value DOM on the back of measured resources at 600 mln dlrs. So todays scrip bid should be rejected. We all know that there is a consolidation of Australian producing gold mines happening now. In the absence of a higher bid, the DOM value will accrue to KCN shareholders. So I am not unhappy since its a scrip bid, but would like to wait for a higher bid from Australian competitors. There is plenty of cash around.
 
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