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KENNADY DIAMONDS INC V.KDI

"Kennady Diamonds Inc. is a Canada-based diamond exploration company. It is engaged in the exploration, discovery, and development of diamond properties in Canada's Northwest Territories."


TSXV:KDI - Post by User

Comment by Suntraderon Jun 18, 2014 11:20am
188 Views
Post# 22670981

RE:Here is another post worthy of 200 reads...

RE:Here is another post worthy of 200 reads...VS

A couple of errors in your post:

They did not "not pay a penny for KDI" they actually spun it out only to shareholders of MPV and funded it with $3 million cash.

"They are in no rush to pick up KDI" thats not because it is not proven, moreso that they majority shareholders in MPV are already the majority shareholders in KDI as a result of the spinoff and subsequent PP.

Who knows where this story will end, my guess is they are working to determine a resource estimate that proves up a significant amount of diamonds (which they are well on the way to doing). Then they will find a way to sell a big chunk of it to DBums and process it through GK. Either way, this to me has been a major gift to longer term shareholders of MPV.
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