While it's unnerving to see nearly 30% drop within a week due to negativity about the JV, I much prefer the scenario that KDR is closer to becoming a producer then the potential in the ground, even at 50% share. Once KDR produces, it will be re-rated. Short term pain, long term gain.
I was burnt badly with SDL, where the potential was huge and there was much discussion and hope about a take over that sent the SP soared in those day, but the potential was never realised and the take over never happened. As they say, a bird in the hand is worth two in the bush.
KDR Price at posting:
53.0¢ Sentiment: Hold Disclosure: Held
