KDR 0.00% $1.90 kidman resources limited

I believe the issue regarding the BGS letter of intent today and...

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    I believe the issue regarding the BGS letter of intent today and why shareholders there are angry is because that the average drill hit in BGS was approx 25m while KDR approx 60m per drill hit and people believe that BGS should've been able to produce a tonnage of approximately 30%-40% of KDR, especially with the tenement size of Goulamina.

    BGS shareholders are probably in the belief that there maiden JORC resource was lower than anticipated initially compared with KDR's maiden JORC resource where KDR had a initial JORC of at least 7 times larger and as a result, their lowball offer received today has aggravated shareholders, especially since management get their performance shares for selling the project. This can be considered a conflict of interest by management and I anticipate that shareholders will vote against the selling of the project in BGS.
 
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