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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

Post by oiltaron Mar 30, 2016 7:08am
264 Views
Post# 24709949

Watch $50 million go up in smoke on the KDI dream

Watch $50 million go up in smoke on the KDI dream
From: james flannigan 3/30/2016 6:58:10 AM
     of 12551
 
Dermit Desmond should tell Patrick Evans to get his money out of Kennady and have KDI JV with PGD on Chidliak. KDI has $50 million in the bank and is simply chasing a SGF dream and wasting money like many did with SGF only to find out its not economic to mine.Debeers wasted $100s of millions on SGF.Then Newmont wasted 100s of millions on SGF and mining legend Lassonde admitted it was a waste of Newmonts money.

If I was a KDI or MPV shareholder I would demand PE get a slice of Chidliak before its too late and the money is gone in KDI.MPV could use its fee cash flow from GK to fund mine construction on Chidliak.Diamond exploration is a money burning pit that most of the time results in no economic mine.KDI should not waste its shareholders money on such poor results but rather buy into a real diamond mine in the making as finding an economic mine is much harder that finding cash to waste on it.KDI could very quickly JV Chidliak with its treasure then merge back into MPV.Patrick Evans in doing so would pull off one of the greatest coups out from under the majors and set MPV on the path to over take DDC as Canadas biggest public traded diamond company with a decades worth of exploration on Chidliak and revisit Kennady if diamond prices rock higher on a supply crunch at a future date.If your betting on the wrong Horse then change you bet before your money is gone.

Patrick if you are reading this you have done a very great job with MPV don't destroy you record.Humble your self and move onto a better project with KDI.If you put that $50 million in Chidliak you will be known as Canadas King of Diamonds in a few short years rather than a one hit wonder with MPV.MPV geting into Chidliak would show investors just how shrewd Evans was to take advantage of BHP and Debeers bloated managements blunder to ever drop Chidliak,

KDI is not going to be a stand alone mine with its current results.but you gave it a good shot.Deploy KDIs capital were it gets the best return and remove emotion from that task.Chidliak will be know around the diamond industry one of the worlds most important diamond discoveries.

I decided to increase my PGD position when I spoke to Randy Turnner and even he was not aware of PGDs results.That told me that if RandyTurnner? RANDY TURNNER???? did not know about Chidliak??? that the share price of PGD was on the bottom of the Ocean.Chidliak will be on every mineral investors,every cab drivers,the Barber,the Pizza delivery guy maybe even you grandmothers lips one day.... (remember Ekati and Diavik)?

James

Read more at https://www.stockhouse.com/companies/bullboard/bullboard/t.pgd/peregrine-diamonds-ltd#gtze7K8YGU62Rq6r.99
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