RE: Amazing week6 Jan 2018 16:53
@Oily - this really isn't the place to discuss the pros and cons of KDNC, but if you insist ;-) "Obs.. i get the non publicly held assets side of KDNC" - you can pretty much stop there. That is the point - 30% of Sonora JV's, up to 100% in the new Argentina assets, 100% Greenland, 30% Yangibana.
As for "all the way down you saw the same statements from boardmembers advising they were 'topping up'.. " not true. Board member were prevented for buying in for many years - to the great annoyance of some shareholders. Only last month did that end, and they rather conveniently, some may say, were able to buy in before the recent rally. In terms of dilution, KDNC has some great assets it can part sell (e.g. BCN!) to help fund its new assets with shorter timescales to cashflow (to KDNC) than the investments in BCN and EMH will deliver (debt will almost certainly be returned before dividends paid to shareholders).
And if I hear one more person on a bulletin board spread the myth that number of shares in circulation matters! It only matters because some people think it matters, but in reality you need to look to *why* a company has the number of shares in issue it has. A hint, REM took over a shell company - if they would have consolidated at that point (which was an option) do you think the position would be magically any different... Number of shares in issue my rear end. How about this. If BCN had 1000x more shares in issue would it matter now? Of course it wouldn't.
Ob. (mumble mumble, number of shares in issue)