KAU - Kaiser Reef
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Sean K
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A transformational acquisition. Maybe they're buying a car dealership, or a Thai massage parlour.
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No. Looks like they’re buying Henty’s gold mine in Tasmania from CYL for 30m. CYL to own 19.9% of KAU. Raising 25m to compete transaction
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Gold Climbs Amid Fed-Driven Market Rally
Kazatomprom trade flat on 2024 numbers, Catalyst offload Henty for $30m
www.moneyofmine.com
rcw1 assumed something like that was in the wind both pretty much went into trading halt at same time … but hey wasn’t quite sure bloke …Gold Climbs Amid Fed-Driven Market Rally
Kazatomprom trade flat on 2024 numbers, Catalyst offload Henty for $30mwww.moneyofmine.com
Kind regards
rcw1
@Als2own; rcw1 likes the look of that subscription… joinedGold Climbs Amid Fed-Driven Market Rally
Kazatomprom trade flat on 2024 numbers, Catalyst offload Henty for $30mwww.moneyofmine.com
nice one thanks for that
Kind regards
Rcw1
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Since I have placed tip on KAU, this share is going against my wish - south and south!!!! 
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Repeated tip KAU in April
volume has gone up slightly
The acquisition did not help the SP. Probably CYL was happy to get rid of a problem- who knows
volume has gone up slightly
The acquisition did not help the SP. Probably CYL was happy to get rid of a problem- who knows
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More to add on speculative stock from ASX and ramping of next investors
Why did RAG Ragnar Metals, the largest shareholder, after 6 months of holding, sell 3%? Mission accomplished with a short-term gain over 6 months? How much did Wise Owl and Next Investors get for the ramp-up?
30000 ounces is nothing for a gold plant to be profitable.
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Miner, just to clarify your comment about a sell down from Ragner, they were diluted from tranche 1 in the current raise for the Henty acquisition. Shareholding remains the same. Will be diluted again after tranche 2 is completed after up coming agm.
I think the acquisition was well timed and necessary after reading the latest quarterly. Share price would have been smashed otherwise. Good benefit to CYL getting ownership 50% of the mill and 20% of KAU. They’re setting up for the Victorian asset as it matures. I for one would not exclude the thought that at some stage in the future CYL acquirers KAU in a script bid if plutonic builds a war chest they’re planning for. Just a thought and not a certainty
