RE:RE:RE:Kelt AGM PlaybackYour comment regarding their strategy is correct. Kelt has gone from being a resource play developer to a "producer". The focus is now less about delineation (which has been done) and more about maximizing free cash flow.
I think that announcement effectively puts the "for sale" sign on Kelt for traditional producers who would like to have sizeable reserves that they can effectively bring on-line at a lower cost of capital.
I am not sure what price Kelt goes for in a competitive bid environment but I am sure that it is not at the current share price.
LR