RE:RE:RE:All these what ifs and maybesBrit, good bullet points for discussion. (a) #1 & #2 are inter-related; in chess, sometimes the strongest move is one which denies the opponent a specific move, and that's what the KDI spin-back-in might really be about. Consider: why was it spun out in the first place, then funded, and kept on a short leash? That's guesswork on my part; look at the maps where kimberlites are being found, and ponder your own conclusion. (b) of the properties surrounding GK, KDI has Kelvin & Faraday priced out; Doyle & MZ are in the wings; then, there's blue-sky when connecting the dots. (c) the KDI deal would increase MPVD float by 20%; where does your 50% number come from? (d) Buying out MPVD completely has been in the cards for a decade, and ain't happened even though the price over time would have been a lot less. Probably because DD owns 25%, and he seems to prefer owning stuff to holding currency. (e) kindly point me to the relevant statutes on accounting for accumulated tax losses in M&A. In my simple mind, a tax loss in the aquiree becomes an asset to an aquirer who has more income than losses, and wishes to defer the payment of tax on the income. Buying a quarter for a dollar is a bad deal, but picking up two dimes which may lay on the floor is beneficial. I wouldn't be happy, but kindly show me to be wrong on the tax issue, and I will learn. If you're right, then your move might be to join the short-sellers on this deal. Cheers.