RE: Interesting27 May 2023 20:27
Yes, it’s certainly a strong signal & very positive that CGNR want exposure to KDR and have taken a 5% stake.
Given the multitudinous opportunities that lie ahead for the Company a result in just one will see a solid rerate here.
Should a significant discovery be made this summer, (and it is this summer that they are sampling now with the license in place, and Covid behind us) then the re-rate could be very very significant.
I note that further Sanctions on Russia are underway, with their Diamond exports being targeted.
I’m awaiting further funds and am hoping the stock stays at current levels to enable a final top up, which will give me a substantial holding, all in my ISA.
Remember too, there’s very little freefloat, so a rise on the right news will be very rapid indeed.
June, July, August. September.
After Covid and all the associated cr*p wouldn’t the announcement of a new Major Diamond discovery in Europe be rather exciting.
I hope so, and for the professor too.