eddy: Wake up and smell the coffee. My so-called negative posts were challenging the unsubstantiated hype that was being put out on this thread concerning $1.2 billion, then $600 million China diamond mines, 15 million carats immediately under production and other such nonsense.
I suppose if you question the party line, that is considered to be negative. If you consider my February posts to be negative, you must also consider the Fluor report to be negative, because the report confirms what I was saying a month ago.
As far as my motivations for posting here, I am still considering buying this stock, even more so now than I was in February. Sometimes I don't just jump right into the stock of a company that I find interesting, I follow it and wait until a time that I think is right, if that time comes. I've actually been following KRT for several months, since its price was $2.20 or so. KRT is getting more and more interesting to me, particularly as the price gets lower. The price is getting pretty close to the point where I would consider this a reasonable investment. For example, given Fluor's $23 million valuation of the cash flow of the 701 and 702 properties, that would give this stock a valuation of close to 50 cents (US) per share, based on the cash flow alone. Given the current price of the stock, there is not much value given to the potential value of FALC, the 703 property, and Clearwater. That's why I'm getting more and more interested.
You may suggest that because I am not following the party line, I am trying to talk the stock down. As was suggested previously, this stock will do whatever its going to do regardless of what I say. I didn't say anything here for a month, and the stock still went down. |
