Australia's largest stock trading and investment forum Australia's #1 stock forum

KDR

Click for more information

0.00%

$1.90 kidman resources limited

Nice post @mistie A late night doing more reading last night. By...

First 2 Last

Share
Profile

Follow
LiveEagle7

602 Posts.

49

17/11/17

09:50

Post #: 28881365
Share

Originally posted by mistie ↑

Well done to another jilted one, share price falls far further than the sector correction due to scuttlebugs regarding a scheduled Wardens Court appointment date. In time, just another procedural matter that will be taken care of, all because our system and courts, allows these events to occur and drag on for far too long. Lawyers are good at dragging time on and on, oh, plus making bags of money from unintelligent clientele at their whim.

Nothing to see here or worry about, except a golden spod of an opportunity to top up the account and make some more easy money. This stock is a longer-term investment for me and has been since August last year.

Unfortunately, with sought after Tier 1 assets sometimes come shenanigans from jilted grubby ones who are allowed to use the system to their full advantage for green mail attempts. MZN were embarrassed, so will be Phoenix Rise (M77/1080 and 1065 apps for forfeiture) and Hull (M77/1065 plaint & app for forfeiture) ... They are all “morally bankrupt”.

Like WSA, SQM, charlie123456 and other investors I long ago undertook due diligence in regards to these grubby greenmail attempts by jilted ones and determined that unless that they are paid to go away it was just matter of time before the cases were heard in the Wardens Court with the Warden recommending to the WA Minister of Mines that the annual expenditure commitment exemption applied for by the Company at the time, being on the 5^th February 2016, be granted as well as the forfeiture application be dismissed, especially in regards to tenement M77/1080 (Earl Grey deposit).

Always was and will be a matter of course, based on eons of similar judgements with progressive expenditure amounts far exceeding the combined annual minimum requirements by almost a factor of two, the holding company at the time being in administration process and other precedents.

M77/1080 Mitis Dealings - Expenditure

View attachment 833849

Our court system allows flawed disingenuous claims to see the light of day in an extended time frame far longer than it should, normally these matters are dealt with in the expenditure year that the application for forfeiture was made. Procedural delay tactics have occurred here by some, but now will be emphatically dealt with speed by others, now that they can be and all without greenmail settlement.

Again, “nothing to see here or worry about, except a golden spud of an opportunity to top up the account and make some more easy money” like before. Bye …

……………………………………………………………………………………………………………
ONLY case scenario: KDR wins outright yet again, Probability = 100%.

You are neither right nor wrong because the crowd disagrees with you. You are right because your data and reasoning are right. ~ Warren Buffett

Expand

Nice post @mistie
A late night doing more reading last night.

By the looks of it they over expended when times were good and they had cash, when the sheet hit the fan they relied on the previous over expenditure to hold on to the tenements.

The company went into administration.

Logic here says that there is no way the mines minister would hand over tenements containing a project of state economic importance to people who failed to run a company adequately and keep it solvent.

Lets get this sheet out of the way and move on. DYOR but looks like it could be a good time to top up. Not financial advice by the way.

AIMO, DYOR, GLTAH

Last edited by LiveEagle7: 17/11/17

KDR Price at posting: $1.29 Sentiment: Hold Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

Microcap Wrap: 5 explorers with news out today

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

RCE

Recce's R327 found effective against E.coli during clinical trial

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

There are more pages in this discussion • 5 more messages in this thread...

First 2 Last

Add KDR (ASX) to my watchlist

SPONSORED BY