Get Ready for a Bounce on KDL

Its been years since I have posted.

Hotcopper is a melting pot of rampers and those denigrating shares to short sell or get in lower.

Its a wonderful site displaying the raw emotion and human psycology as a singular free standing entity and then the plays with mob / gang related push and pull.

I have decided to post today because I see many non holders poster on KDL who I personally believe are gang related and trying to drive KDL as low as they can. Be it to buy in, or to get it so low they are involved in takeover activities, who knows.

I know a little about KDL though. I know Noel is arriving back from overseas today and is back in the office. I talk to them.

I know also there has been a stregic review of the company going on. Thus you see people leaving who are not part of the future of the company. We can argue that so and so was great for the company however we have who we have. Positions will be filled.

7 days ago, KDL sold $5.14 million worth of diamonds at auction for their highest monthly intake for a long time.

In seeing we are at 52 week lows, I have been buying because I personally believe we are ready to have a solid bounce right over 25c however I am actually thinking from contact with the company and some digging we could could get to 35 in a short period.

I only hold 100,000 of these but I am enjoying these price and know it will be short lived. 80-90% of the posters have a "Not Held"and "Sell" rating on their posts.

Pretty much sums up whats going on. We have experienced a solid 90% drop from 2 months ago.

Personally, I will be holding up until the 60 cent plus area and will reconsider my options then.

But I do not believe you will be seeing KDL below the 30cents mark for much longer. There has been a seller trying to push it down but I can see they are growing weary.

Noel's back in the office Friday. Give him a call if any queries on 02 8243 7514. He is open to talking and wouldn't have locked into a $400K remuneration package if he couldn't get us back to some acceptable level above the 30's but more closer to the 60 cent area imo.

Good luck all. I don't plan on posting much but felt it was time to stand up to the gang style of posting on KDL with Sell and Not Held ratings who spread mis-information.

This will bounce hard and fast shortly imo.