"Commenting on the transaction, Kingsgate Chairman, Ross Smyth-Kirk, said ?This is a continuing step in Kingsgate?s strategy to consolidate its position as the ASX?s premier midtier gold producer. The Arqueros project will expand Kingsgate?s feasibility and development pipeline and will provide a potential operational cornerstone into Chile and South America...."
At http://www.hotcopper.com.au/asx_announcements.asp?id=227264
As a KCN shareholder I decided I had to get a piece of this action.
I'll be thrilled if KCN can pull this off, as then I will be getting inexpenssive KCN shares for my investment in LRC, plus adding very inexpensive gold to KCN's gold portfolio.
Alternatively there will be a superior takeover bid made by another company imo.
While this is an agreed takeover, it has not eliminated a superior bid which I expect KCN will counter should it eventuate imo.
- Forums
- ASX - By Stock
- kcn going up to 11 bucks
"Commenting on the transaction, Kingsgate Chairman, Ross...
Add LRC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online