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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 ValueSpotteron May 15, 2016 9:09pm
138 Views
Post# 24875499

RE:Opinions please

RE:Opinions pleaseI 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 KDI. But... not everything is as rosy as it sounds because my adjusted cost base for this round is 4.90 for MPV and 3.50 for KDI. Had I been more patient and then more aggressive my ACB for KDI would have been 2.75. I bought back at 4.00 then more at 3.80 then I waited until 2.75 to buy back more. Shoulda, woulda, coulda waited longer for a better entry point but I didn't think rough diamond prices would drop as far as they did. Finally, in my humble opinion, both have great upside but there are still a few risks for both. Hence the share prices. VS VS
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