It would seem from the information that is publically available......UKD may be on to something potentially VERY special.
That does not mean the shareprice will keep going up....day after day. Shareprice has doubled in a month, since the annoucement was made. A great result....exactly what was suggested in earlier posts. It just takes time for more investors(buyers) to become aware of this stock....and it starts moving up again.
I would never sell because the price is drifting down or coming off its highs......simply because of potential and likely involvement of speculators.
Actually it reminds me alot of the uranium explorer....Extract Mining (EXT).
Can I indulge a little to highlight the point. From shareeceen 1 st August, 2005, EXT post.
(That stock ran from 2 cents to 14 cents.)
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"Closed 2.7 cents today.....
Paladin Resources, well know to aussie investors has just approved expenditure of $100 million on Langer Heinrich mine........... their first mine, at a site some 35 kilometres from the EXT J/V location in Nambia. Rio Tinto majority own the Rossing uranium mine some 10 kilometres to the north, which produces 8 % of world production.....
Extract say their lease has not been extensively explored for uranium. They have been negotiating this deal since middle of last year when the U hype was only just starting. Field survey work starts this month....
The stock has a feel about it that the share price will go up......"
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Same situation here.....hot commodity in an exciting exploration area.
Wait and hold on to your shares....would be my suggestion.
UKD
united kimberley diamonds nl
It would seem from the information that is publically...
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