RE:RE:An Impressive Diamond Discovery - Kennady Diamonds LOL … valuespotter says “ and if I am right, and I usually am”
Really ! When I read your posts from March it looks like you were wrong and wrong. Not bashing you just pointing out your history. You put it out there so I can comment.
ValueSpotter
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March 03, 2017 - 07:29 PM 180 Reads
Post# 25930304
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Let's see... why did I sell...
I was a big fan of MPVD and KDI but then a few things happened to MPVD that increased the risk of the KDI stock price getting clobbered. If MPVD is struggling they cannot take out KDI and KDI is still drilling and spending cash and running out of their bank roll. In my opinion they will need to do a financing soon but there is no way the tigs will give up their percentage so a rights offering it is... backed by the tigs.. at 2.75 to 3.00 and if I am right, and I usually am, I will buy back then. UNLESS... MPVD and KDI get bought out together, then I am screwed because I am down to 10% of my original overweighted position in both. GLTA. See you at the rights offering!!! VS
Read more at https://www.stockhouse.com/companies/bullboard/v.kdi/kennady-diamonds-inc?postid=25930304#4ZmR2WLojyi4hXrF.99
ValueSpotter
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March 14, 2017 - 06:11 PM 221 Reads
Post# 25979063
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Want my opinion?
This slide will continue. They sold all of their diamonds including their previous lot that didn't sell because... wait for it... they had to. And... my bet is that they took lower $/ct bids than they wanted to. And... my bet is that the buyers knew that MPVD was taking lower bids and bid lower accordingly... now the downward spiral begins UNTIL... the buyers start coming in droves because of the lower diamond pricing and the pricing starts to creep up. In the meantime... I will wait. VS
Read more at https://www.stockhouse.com/companies/bullboard/t.mpvd/mountain-province-diamonds-inc?postid=25979063#jMfWSZ6AY9uFmDRs.99