Struck me as being a bit odd. I haven't got the wherewithall to check their background/relationships. They either know something about where KIM SP could settle or they are a 'front' for GEM? Noted the acquisitions started soon after GEM started sniffing around.
Strat
I haven't heard from anyone yet on how to value KIM. Some of the basics that make a mockery of 70c p/s or $300m total:
Total set up cost/investment to date $150m+
Gross assets $193m
On the cusp of processing 600,000 carats for $130m annual.
A known resource of 5m carats worth $1075m, before the 40% increase to E9
Plenty more upside resource potential
40% Blina
KIM
kimberley diamond company nl.