Keagan Ressources / KGN (TSX)

Da werden mal kurz 10% Shares zu C$3.44 neu rausgehauen und der Kurs steigt auf nunmehr $4.00+ ??? p&d at its best imo .. da bin ich doch auch immer gern dabei ... short atm. twt

http://www.keeganresources.com…eases.asp?ReportID=552399

Vancouver, British Columbia, October 15, 2012: Keegan Resources Inc. (TSX and NYSE MKT: KGN - "Keegan" or the "Company")
is pleased to announce that it has arranged a private placement with
Highland Park S.A. ("Highland Park") of Johannesburg, South Africa and
some other investors. Highland Park will become a major strategic
investor in the Company but is not expected to materially affect
control. The placement will involve an equity issue of a targeted
9,443,500 Units at C$3.44 per Unit, the five-day volume weighted average
market price based on the date of signing of the principle subscription
agreement, resulting in a targeted total of $32.5 million raised. The
placement will further enhance the Company's already strong financial
position and will provide access to Highland Park's substantial resource
management skills. The funds from the placement will enable Keegan to
fast track the Company's flagship Esaase gold project in Ghana and
emerge as a significant gold producer.

..

The financing will include the issuance of up to 9,443,500 Units at
C$3.44 per Unit, the five-day volume weighted average market price based
on the date of signing of the subscription agreement, resulting in a
total of $32.5 million raised. Each Unit will consist of one Common
Share of the Company as well as one Warrant to purchase a Common Share
in the Company for a period of two years at a price of $4.00 per share.
Should the Company's share price trade at a price of greater than $6.00
per share for a period of twenty consecutive trading days, the Company
will have a right to accelerate the exercise period of the Warrants to
30 days. Exercise of the Warrants would raise an additional $37.8
million. The private placement will result in Highland Park securing an
initial 9.6% ownership of the Company with the Warrant providing an
opportunity to increase their ownership to 17.3% assuming no intervening
additional share issuances. Highland Park will become a strategic
partner and the single largest shareholder in Keegan. The placement is
not expected to materially affect control given the size of the other
institutional shareholdings.

Was ich nicht ganz verstehe.......KGN hatte ohnehin schon 180Mio$ cash (glaube ich mich zu erinnern, bin zu faul um nachzuschauen).......für was das PP und die weitere Verwässerung

Zitat von valueman

Was ich nicht ganz verstehe.......KGN hatte ohnehin schon 180Mio$ cash (glaube ich mich zu erinnern, bin zu faul um nachzuschauen).......für was das PP und die weitere Verwässerung

188M nach dem Press Release vom 10/10 : "With a capital cost for the project of approximately $260 million and
our cash balance of $188 million, we are well positioned to rapidly move
forward and advance the Esaase project to production."

Für die Zukunft von KGN ist es sicher nicht schlecht weitere finanzstarke Partner zu gewinnen (" Highland Park will become a strategic partner ..."), rechtfertigt aber nicht +20% bei der dilution - da wird geschoben imo ...

kann bitte mal jemand den NPV berechnen und hier reinschreiben ?!
dankeschön.
b

Zitat von valueman

Was ich nicht ganz verstehe.......KGN hatte ohnehin schon 180Mio$ cash (glaube ich mich zu erinnern, bin zu faul um nachzuschauen).......für was das PP und die weitere Verwässerung

jetzt ist halt das finanzierungsrisiko raus. die miene ist m.e.komplett finanziert.

hatte aurcana auch so gemacht, danach sind die richtig abgegangen

FS: Another company we were just adding to our portfolio is Keegan Resources Inc. (KGN:TSX; KGN:NYSE.MKT), which is in a relatively safe jurisdiction in Ghana, West Africa. It had a sharp price decline from trading at a little over $9/share, down to around $2.38/share by the middle of May. Its Esaase project had the classic capital expenditure (capex) overruns. They underestimated the cost of the project. When financing requirements changed, the markets became very skeptical and the shares dropped. We feel the project economics are still favorable and that it can operate on a smaller scale than the planned 300 Koz/year with a $500M capex budget. Management is in the process of recalculating a smaller plant with a much lower capex, about $150–200M, rather than $500M.

After the recent rally, Keegan's market cap is now about $270M, with about $170M in the bank and 6 Moz resource in the ground. The company is almost trading at cash, which provides good market support. When the new project economics are published, it will probably show a 100–160 Moz/year operation with a lower strip ratio and lower operating costs. The recoveries will be the same, say 92–93%. Many of the long-term shareholders and institutions went in at $7–9/share. With the stock trading around $3.97/share, we think it has some real catch-up potential from here. PMI Gold's Obotan mine is about 10 kilometers southwest of Keegan's Esaase project and PMI just raised $100M to start construction of the mine. We originally invested in PMI Gold at $0.10/share back in October 2009.