Share
1,083 Posts.
lightbulb Created with Sketch. 109
clock Created with Sketch.
28/11/22
18:08
Share
Originally posted by really:
↑
From Kin shareholder announcement "Kin now holds 7.34% of Dacian and Delphi separately holds 3.22%. Kin has acquired this holding to ensure that it has the ability to participate in a meaningful way in any future consolidation in the district, while also ensuring that available milling capacity is appropriately utilised.Kin intends to engage with the Dacian Board and management team to help maximise the value of the business for the benefit of all shareholders. The Board is of the view that Kin’s large resource base, the development-ready status of several our deposits, and the outstanding exploration upside across our tenure have positioned Kin to play a significant role in any future consolidation in the Leonora region." Really - DYOR
Expand
Kin will be handing over the votes for a full takeover, in return access to the processing plant or be part of a bigger entity "GMD" What they negotiate is for the servival of KIN with little regard for DCN