KIM kimberley diamond company nl.

2nd day of decline, page-4

  1. 14,931 Posts.
    From a purley technical point of view acouch is right, but from a fundamental point of view this one has more in it. I think at 87cents its cheap. It would all depend on whether you blindly follow charts, or believe their diamond production finds and forecasts.

    KIM produced 51,800 carats of diamonds for the year ended June 30th 2003, its reports on further diamond finds are positive, it has a cash flow that can justify a share price of 95c , and the forecast price earnings multiples are not expensive, especially for a mining company.

    I think at these levels it is a buy and I have some.

    Off course as usual, do your own research and don't rely blindly on anyones comments.
 
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Currently unlisted public company.

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