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!
Thanks as always to our great sponsors at Entech Mining. Check out the number 1 global Mining Consultant at http://entechmining.com.au/
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