Faith or misery!21 Oct 2023 14:09
Let's face it, it comes down to whether you have faith in the BOD to deliver a result.
They haven't done anything that wouldn't happen on 99% of other AIM companies. If I was sitting on a potential diamond province or any other large resource, I would want to fill my boots ahead of any game-changing news, It's basic common sense. General shareholders (including myself) will clearly not be happy with how the raise was conducted, but we buy shares and enter the market at a price point we are happy with.
If your belief is that KDR is another share from the cesspit of AIM, don't invest. However...
Are they a whisker away from having a legal force over a new diamond mine at Lahtojoki, yes.
Have they proven it to be already very profitable at circa 30p per share, even without the further pending results from the south which are likely to make it far more profitable, yes.
Have they delineated further kimberlites at Seitapera and Riihivaara, yes.
Have they found other fancy coloured diamonds in the Kuhmo region and planned lot's of further exploration to find what it came from, yes. (Do they have funding now to drill the remainder of 38 targets, yes).
Have they found delineated a highly anomalous river catchment area for nickel, copper and platinum group metals in NI, yes. (Do they have funding now to drill these targets, yes).
Do they have other projects that they are keeping very quiet about (Salla and Liperi), yes.
I could keep whingeing about the discounted raise all day but that won't change anything. As I see massive potential in this company I'm not going anywhere whilst drilling is about to start, and results are pending on a number of exciting and potentially highly lucrative projects.
Maybe people don't know (or like to forget when their trading account shows a different amount) that the Prof has serious form in delivering results long term. If I was as loaded (and as old!) as him I certainly wouldn't bother with this unless I thought an unbelievable success could be achieved here.
I'll take my chances and wait for the results thanks, have a good weekend!