KENNADY DIAMONDS INC V.KDI

What's with the big drop today??

[mike519]

Am I missing something?

[mike519]

OK, I see the news release (didn't see it earlier). Still don't get why the big drop. Yes, slightly lower valuations than proposed but current market prices dictate, no? Still sounds good to me and in line with GK.

[Wisdomwithage]

Hey Mike, Have a look at the chart of MPV during its largely exploratory stage (1994 -2003) and you'll understand why it's only logical to expect for KDI over the next couple of years, consistently lower share prices, accompanied by considerable volatility. I'm not being negative on KDI as a company, as I still own a small position, and believe there may well be an economic deposit

[mike519]

Hey Brit, Yeah, been in MPV for about a dozen years myself. I'm confident in it for sure and have a large position in it. Only reason for jumping on KDI as well is the involvement of DD. If he's in after all he would know of the area, I am confident KDI will be a viable mine or be a good purchase for someone.  Just couldn't figure out why the big drops the last couple of days

[Wisdomwithage]

Hey Mike, We shouldn't forget of course that the TIGs interest in KDI is in large part a result of the spinoff dividend from MPV a couple years ago.  I'm not sure if they have added more shares to their position since the spin-off. In any event I'm sure KDI will do fine in due time. Cheers, Brit