KENNADY DIAMONDS INC V.KDI

Opinions please

[jediknight]

Assume you hold 50000 shares in both MPV and KDI .Do you hold. Sell one and buy the other or sell some of one and buy the other. Time frame next 30 days.
your thoughts please. TIA

[ValueSpotter]

I have 70,000 shares of MPV and 50,000 shares of KDI. Here is what I am going to do... hold both. If one rises disproportionately relative to the other I will sell and rebalance. I must qualify this, however, because at one point I had an equal amount of shares in both but when KDI spiked a few years ago I sold almost all of it and bought more MPV and held some cash which I then used to buy back

[ValueSpotter]

and... to make matters a little worse... I was planning on buying LUC at 2.20 but I didn't like the number of shares outstanding and I didn't (and still don't) understand their assets so I bought 20000 MPV around 5 instead. Big freaking stones coming out of LUC. They may break the record. Alas, I own zero shares. VS

[Macloud1]

I already sold my KDI when it went to 4.80 the first time and bought MPV with it. I have been waiting since 2000 for MPV and I won't live to see KDI or reep the benefit if it takes as long as MPV ( and it will because they don't even have proven ore body yet, and when they do they will have to through the same hoops, the environmentalists , the native groups , the government etc. etc

[Wisdomwithage]

I agree with you, Macloud. Memories sometimes are short when it comes to remembering the agony we went through what with all the bureaucratic, environmental, and native Indian challenges we faced with MPV as we moved through our Development stage towards Production.  But even prior to that there was the long Exploration stage of 10 to 14 years, costing many tens of millions, before extensive

[DenvCol1]

Jedi, if I had 50000 shares of both MPV and KDI, I would sell 30000 shares of KDI and buy an additional 20000 shares of MPV (with additional cash, if necessary). That would result in 70000 shares of MPV and 20000 shares of KDI. After that transaction, I would continue adding to my MPV/KDI positions on a 1/1 basis. Here's my reasoning. MPV is the BIG Canada Goose that laid the BIG Golden Egg !!