KIM kimberley diamond company nl.

gem cheque received and spent, page-3

  1. 1,219 Posts.
    There are two scenarios for BDI now it shares
    some common directors with GEM-owned KIM.

    (A) BDI directors could pull the GEM/KIM finangle:
    Dump some BDIs in a hurry and crash the SP (alert
    analysts) get lots of 'sell' recommendations - then
    make a T/O offer at a 'premium' to the crashed SP
    and pick up a a good diamand prospect
    for far less than what it's really worth.

    (B) Plan A could be sabotaged by a big find.
    Perhaps even the long-sought Mother Lode
    or gem-laden central core of the ancient
    volcano whose fissures formed the pipes
    of diamond-laden rock that occur on
    both sides of the KIM/BDI fence.

    As BDI is not listed on the London
    Exchange (as KIM was as KDC) my
    downside risk of BDI having its
    SP finangled downwards is less
    where Aussie (not Pommy) laws
    apply and it's also limited by
    me not have nearly as many
    BDIs and I had KIMs.

    The upside risk (of making a
    motza if BDI hits the Mother
    Lode of Aussie diamond
    finds) is what keeps me
    faithful to BDI through
    thick and thin!

    But only in a small way or my
    wife would kill me if I went
    in big - like I did with KIM
    and dropped a bundle via
    the GEM/KIM finangle.
 
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