My point on reposting the news on Blumont yesterday from the DML...

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