KDR 0.00% $1.90 kidman resources limited

support is a .21 - .22, page-24

  1. 9,828 Posts.
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    Spoke to the company at length.

    Underwriting agreement likely to happen. Lots of suiters - just trying to pick the right one that suits KDR.

    Reason for weakness in sp according to the company is the 25 million options coming to expiry and the resultant games people play coming into that. KDR can't do anything about it. They feel the company is undervalued compared to peers.

    Acorn and Blumont continue to be big supporters.

    Awaiting assay results from lab. I said taking a long time. They said they are drilling a lot deeper at 500 to 600 meters and it takes 12 to 13 days per hole. They said they have to truck them to Alice Springs then fly to Perth. Because the mining industry has slowed down significantly the labs have cut down on staff and don't work weekends or late into the night anymore.

    HOB results will be first and in another week or so. If they can show any type of mineralisation at depth then the sp will take care of itself. Wilmatha will be probably in another month as they are targeting a porphry system which is very deep and takes longer.

    Lots of news to come prior to option expiry apparently.
 
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