" DCN have announced they will close the Mt. Morgans mill and not treat 3rd party ore. Not surprising I guess, if they really wanted to keep the mill making money for shareholders they would have sorted mill feed last year. Scratch that as a plan for some Cardinia ore it seems."
GMD also announced that it will not be extending the DCN buy out date past 20th Feb. and part of that statement reads :
Seems like the KIN/Delphi acquisitions of the remainder of shares has encountered some hurdles.
The chess manouvre appears to be in tricky waters. What benefit this manouvre was /is to KIN shareholders remains a mystery and KIN/Delphi now only have less than 3 weeks to de-risk that investment for KIN shareholders or pull another rabbit out of the hat . Should option (c) be chosen by then the outcome for KIN shareholders will be write to off the funds invested in DCN or have I missed something ?
More Jaffas and a jumbo popcorn bucket please !
" DCN have announced they will close the Mt. Morgans mill and...
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