Placing this morning. Which always sends people running, then the dust settles and people realise that it’s not always a bad thing.
I think it started the day at .28 and ended at .31 so notnreally a bad day in the scheme of things.
Great for me as i don’t like adding when something is in the green, but the drop today allowed me to swoop in and tpp up to my target i had wanted for awhile now.
But i don’t really listen to twitter, the placing Rns, claims to be for funding the project in the next leg, but i don’t know how many legs this thing has, could be a millipede. But i’m not that old yet so if it takes 10 years before i see a few bags then i should still be able to enjoy it.
Kod is one of my few shares that has a life changing possibility. But if it never amounts to anything it won’t be leaving me destitute.
I always backed Kod more than Prem, no idea why, possibly just based on the name. Shame really as Prem did really well a couple of months ago, i sold some to do some derisking but only have half of what i do in Kod now.
But if both of them end up in a place where they are taking stuff out of the ground then i’ll be in a happy place.
And with Prem it’s looking more and more likely it won’t be too far in the future.
I’m thinking that aside from the general bloodbath that’s going on people are also wondering where the money will be coming from to build the mine.
I think people are getting fed up piling on to good news thinking we are going to the moon only to wake up the next day to find they have issued another several billion shares to raise funds.
I bought some more yesterday and today and will continue to be drip feeding into it at these levels.
Hopefully it may not come to a raise and we could end up being bought or a JV could happen.
A buyout would be nice but i’d rather that would happen on share prices going up rather than down. Less bargaining power at these levels.
At the moment i’m in no great rush, just hope when investors start bringing money back to the market Kod gets some coming it’s way.