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Bullboard - Stock Discussion Forum KENNADY DIAMONDS INC V.KDI

Metals & Mining Industrial Metals & Minerals
"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 Discussion

KENNADY DIAMONDS INC > Let's see... why did I sell...
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Post by ValueSpotter on Mar 03, 2017 7:29pm

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
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KENNADY DIAMONDS INC