Evening Infinity20 Feb 2025 18:22
1.I take the following perspective diamond hands with existing holding will not sell at a loss as really believe in what we have.
2.Average down is mugs game.
3.However for me that fundraise is a reset, so I now look at why I originally invested what my valuation of Lahtojoki is accounting for JV etc and costs... My valuation is £10 million for that alone.
4.I then look objectively what price and market cap the fundraise account for various other factors and come to company valuation of the assets and potential over £10 million with heaps of potential upside to increase on that is my view.. What is the valuation at 3p. Even with today's raise is still only £5 millionish plus warrants so half my valuation price target of 6p, which is where I would say yes that is fair.
5.I then forget the 3p WE WHAVE BEEN ADRIFT OF THAT FOR SOME TIME EVERYONE SHOULD HAVE DIGESTED THAT BY NOW.
6. What valuation can I buy for today £1.25 million.... Great value so I double my share holding not the nominal.... I buy but I do not average down. I treat as seperate bags
For example BAG 1 500,000 shares KDR 3p market cap £5 million (still think worth 6p) 5p inclusive warrants Lahtojoki alone. If hit target 70-100% upside still plus recover losses
500,000 shares KDR 0.75p £1.25 million BAG 2 if hit target that is 500-600% It makes a massive difference.
There are other factors though if balls deep
Fully invested elsewhere etc.
Happen to be fortunate enough that was in position to look at above look at my valuation, have confidence in self to back my mouth and judgement and have courage of my convictions...
Am actually super excited to be in at this valuation to have doubled up.
Risk factor for me other people, dark arts, thudding,confidence people losing there nerve....
At this valuation I do not even see risk to the value of delay Lahtojoki, Irekland losing it all together and total failure Kuhmo... Is it really that bad? No and get the sentiment of no brainer but there are still risks. Think though price is more than reflective of that... If we do fall will not be based on my intrinsic valuation. Have folowed Lahtojoki off top of head 16 years... Personally think you could just drill it and dig it. Its there is my belief... Have seen independent guys do that for Gold in Australia. Diamonds are actually easier once you find the difficult part is finding. We already have diamonds and pinks at Lahtojoki most advanced project in Europe and would be first diamond mine in Europe. Those pinks would fetch a premium fo that alone, same colourless. Top of head 90% of diamonds coming from Russia even with sanctions and Africa....
Best of luck Infinity.