Share price should be heading back lower. The HOB target was always too small and KDR never really attempted to grow the resource. All drilling was targeting the mineralization and not expanding it so results and management are disappointing. What about the other geophysical targets that weren't drilled and if they had been and were successful then shareholders would see something more than what KDR has delivered to date.
A few holes to investigate the potential away from the mineralization would have quickly indicated if it was still worth persisting with a target that really was never ever going to deliver anything but a few results.
KDR Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
