KDR 0.00% $1.90 kidman resources limited

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  1. 1,284 Posts.
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    Yeah spot on Leemur.

    It was actually a technical success - testing the depth extension down to 300m. Grades are very handy. Sell down was less than 2m shares. The market was obviously expecting it to thicken at depth ... which it might yet do but not at 300m.

    Seems to be a high-grade pipe which is open at depth. But it is natural to question capex and cost given the width.

    Question now is where is the source of these pipes (Main Lode, Southern Lens) and how many more blind deposists are there in the wider mineralised system?

    Lots of reasons to hold ... but i can also understand why some sold on the announcement. if you are going to sell, sell early.

    I remain intrigued by HOB and BC and we have plenty of cash. Holding; as i mentioned mgt are very bullish in their language.
 
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