The IPO was to be agreed in a meeting last month, but was deferred until this month.
Could govt officials be saying give us brown papers bags and we will pass your iPO. Or ensure we get a free allocation of you initial public offering (note its only to Thai people)
kCN really only want agreement to explore and mine the pending tenements. KCN also want the land ownership of a few holes in their tenement map that are close to Chatree.
It must be a hard accounting exercise to hide bribes in an ASX company. They simply wont pay out cash.
Maybe a few large sh do the dirty work. How else could they do it? I know, Pass some freshly mined bullion on to them. That wont show up in the accounting books.
Certainly the cream of the Thai govt are concentrating on election and demonstrator issues right now. Its a good time to strike a bribe. Maybe get a bride out of it at the same time.
KCN Price at posting:
$1.01 Sentiment: None Disclosure: Held
