Fooled MeIt's been 2 months since KL has been listed on the ASX. The average daily volume has been 3,160 shares. Some how I don't think KL listed on the ASX for liquidity. I thought KL would have made a play for something by now but if what KL management is saying is true, then they won't make a move on a company until the company proves up a significant RE. De Grey appears to be the closest to making that happen. De Grey is moving towards proving up over 2 to 3 million ounces if toweranna and blue moon drilling results come in as expected. That amount excludes any conglomerate gold. If towerann and blue moon prove up in the next few weeks, KL might make a move.
De Grey has to come up with around $15 million to close on the Indie property and has negotiated a 1 year extentsion to come up with the $15 million. The NR on the De Grey trading halt states that the halt will be lifted on the 29th which is right now in oz. Haven't seen any NR from De Grey which is unexpected. De Grey also needs $85 million to start production. Don't see how they can come up with that much either through a bank or PP. De Grey management has stated it does not want a strategic partner. What you want and what you get is always the same. If KL sucks up De Grey, you're looking at 135 kilometer of conglomerates in Novo and KLs hands. Makes a lot of sense to me.