RE:RE:It's tough...You're absolutely correct Fact. The share price reflects the distrust of the market. The KDI deal was purely self serving to KDI shareholders at the expense of MPVD holders - compounded by Whitless's BS about a deal with De Beers. (I still can't believe Brown's idiotic comment: If I push this with De Beers they'll say "no", and I don't want them to say "no", so I'm not pushing them. Infantile!)
Do these people really think the market - particularly institutional investors - will forget what they did? If they do, then they're even bigger idiots than we thought. Very troubling - but entirely predictable - to hear from Explorer that mining funds now won't even meet with the company. Total mistrust!
All this compounded with the addition of DD's son and another De Beers guy (after Brown) to the board. Why did DD allow this to happen? He controls the board through Commerford and could easlily have steered the company in a more constructive direction to build market trust and shareholder value. Presumably he's a smart investor who understands this. Unless, of course, this is what he wanted all along - market distrust, institutional flight, retail capitulation and value distruction.If that's the case he should prepare for a fight like he's never had before. He shouldn't underestimate the resolve of Canadian investors. This is not Ireland!