Kingsgate activist opts to reduce its holding

Original article by Peter Ker
The Australian Financial Review – Page: 13 : 24-Jan-18

UK-based Metal Tiger has sold about 5.5 million shares in gold miner Kingsgate Consolidated in the wake of its failed bid for a board spill. The divestment has reduced Metal Tiger’s stake from 8.1 per cent to 5.6 per cent, and CEO Michael McNeilly stresses that the company will continue to be an active investor. Meanwhile, Kingsgate chairman Ross Smyth-Kirk has ruled out boardroom changes in the near-term. The company is pursuing legal action against the Thai Government over its closure of the Chatree mine.

CORPORATES
KINGSGATE CONSOLIDATED LIMITED – ASX KCN, METAL TIGER PLC

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