The History1 Jun 2013 03:03
This is the story.
krmc was the owner of two large deposits in Kazakhstan . The company was down on its luck, had no money for developments and had its license suspended.
The company decided to farm out 90% of its assets to gma, an aim listed shell for a consideration of £40m.
gma did the fund raising issuing shares to institutions and change its name to kemin.
Krmc now has the funds for the project and its licence was reinstated but KEM will be the operator because of its 90% stakes.
gma completed its acquisition and krmc gets free carry to production.
I think the Market believes gma got the assets at a depressed price .