KDR is still the same company it was 3 months ago. Nobody with a modicum of an understanding how our Legal System works would have doubted the outcome of the MZN stoush. Hence the buying at those Lows.
The J-C-Ls reacted and bought the expectation - but much too late. The early buyers were quite happy accommodating them and take a nice quick profit. Fact is, it'll take another year even for construction to begin.
There's so much that can go wrong till operations are ready to start. So, why hold the stock that long when you can "Sell the fact" and leave enthusiastic bunnies holding at that high cost base.
KDR Price at posting:
60.5¢ Sentiment: Sell Disclosure: Not Held
