KMC kalgoorlie mining company ltd

who plans on supporting the cr, page-15

  1. 259 Posts.
    well i am looking at punter another 6k on this POS.

    I am entitled to 1.2M shares as i have 400k shares.

    Really loathing to throw good money after bad on this one but the reasoning is as follows:

    kmc & pxg to merge,
    PXG 146M shares at 0.18cents = 26.3M MC
    KMC 1.3B shares at 0.01cents = 13M MC

    so if its an all scrip takeover or merger
    18KMC shares to one PXG share
    or 1 PXG share for 18KMC shares
    whichever.

    merged entity has MC of 40M and owns a stack of land

    Only having a punt because i figure Simon Lee has a solid track record

    Hopefully he knows what he is doing
    Hopefully the board gets the boot the lot of em'.

    Alex999 is there a class action against this mob waiting in the wings?

    any fellow scorched shareholders care to comment
 
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