My point on reposting the news on Blumont yesterday from the DML thread was two fold for KDR:
Firstly, Blumont Group recently has had it's share price issues, and questions asked about financial viability. This has had a significant effect on DML with a deal still ongoing, and may have also contributed to KDR's share price stagnancy (even though Blumont's KDR stake was already a done deal). This uncertainty has now been removed.
Secondly, Blumont Group on completion of their financing deal with Platinum Partners, and after contributing 100 million to DML will have 50-60 million for "Investments in the Mineral and Energy Resource Sector". This leaves the door open for new business, as well as increasing current holdings in resource related entities.
I believe that these things can only be positive for KDR, and hopefully the next news will be better received than the last drill results from Labour Day.
Lairy
KDR Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
