Leonora consolidation update – KIN Mining weird investment play

Strange little foray by Kin Mining (ASX:KIN) accumulating 20m Dacian Gold (ASX:DCN) shares as Genesis Minerals (ASX:GMD) gained control with nearly 60% of DCN in their hands.
The purchases were made on-market during September 2022 and represent an interest of 1.63% of DCN. The KIN board see that accumulating a significant interest in one of the participants in the Leonora mining district consolidation, is a sensible strategic move and that the current market price of Dacian shares represents good value…. odd move!

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