Cash Avaliable Vs. BudgetIf you study the recent 20-F filing, you can easily determine that there is no urgent need for MPV to need to raise cash at this point in time. Between their COF facility , cash on the books, and Project Loan availability, versus budgeted obligations for the 2016 tear, they are in decent shape. Plus, this doesnt include proceeds from the sale of any diamonds this year during the ramp up stage. Thus, if MPV elects to issue shares, its for something other than ordinary course type of things.
It does appear that MPV and KDI share prices are being more than normally managed here at these levels. Plus, there has been some decent trading volume in KDI shares recently, which, is always something to keep your eye on. That activity MAY represent those with a little more information than the rest of us have...as is usually the case.
So now the question to ask would be why, at this point in time, right prior to GK commissioning, would the GK partnership seek to acquire KDI? Why not wait? Combine that with recent resignation of PE from KDI....and it sure smells like something is up. I wonder how book value for MPV will be impacted if such a merger is to take place. KDI hasnt released a maiden resource yet...