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Goldwater

1,606 Posts.

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16/11/18

14:25

Post #: 36533777
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Originally posted by AvalonDays ↑

I'm a KDR fan from early on. Aquired at 57 cents. Have to say on the recent rally up I lost my nerve and sold out completely at $1.49 last week. My reasoning was that sitting on such a large gain, contingent on a Minister's decision as to whether it progresses as planned, on a technicality, moves the holding from investing to gambling. KDR has got itself Into a very strange position. I also read the Chairmans AGM speach carefully. It has been worded extremely carefully on the topic.

The downside risk on a negative verdict is far higher than the upside risk from a positive decision. I do believe the Minister's decision will be positive. And when that decision comes im the first buyer (at a higher price), but letting that gain disappear on a negative outcome to me does not make sense. anyway sorry but I'm out for now. I hope truly that the Minister gets this sorted for all. when they do I'm buying (at a higher price).

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I disagree, we now have evidence showing a 47 year mine life and over 20 billion AUD in profits for our share.

There's many bags in this as upside if it moves forward to production.

KDR Price at posting: $1.24 Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

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