My point on reposting the news on Blumont yesterday from the DML thread was two fold for KDR:
Firstly, Blumont Group recently has had it's share price issues, and questions asked about financial viability. This has had a significant effect on DML with a deal still ongoing, and may have also contributed to KDR's share price stagnancy (even though Blumont's KDR stake was already a done deal). This uncertainty has now been removed.
Secondly, Blumont Group on completion of their financing deal with Platinum Partners, and after contributing 100 million to DML will have 50-60 million for "Investments in the Mineral and Energy Resource Sector". This leaves the door open for new business, as well as increasing current holdings in resource related entities.
I believe that these things can only be positive for KDR, and hopefully the next news will be better received than the last drill results from Labour Day.
Lairy
- Forums
- ASX - By Stock
- KDR
- todays volume (as we wait for further results)
todays volume (as we wait for further results), page-4
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review