Australian (ASX) Stock Market Forum

UKD - United Kimberly Diamonds

Seems like a good stock to invest into. Went up 31% today when the crab supperanuation fund bought more. They have also recently just acquired some pilbara Iron Ore tenements which are close to bhp tennemants. 2 of these tennemants also have iron ore grades of 60% iron with a 19 and 100 million tonnes estimate. Anone else have any thoughts on this one?
 
agree that this is one to watch - highly prospective ground near BHP - market cap only 11 million - looking very bullish
 
I just had a quick look,

Has obviously run a little, so will watch for a drop back,

Of concern is the fact that Iron Ore 'Deposits' are claimed to be on the border of their tennements and so spill over into their newly acquired leases, can't really see how BHP would let this happen, but then RIO did let is Shovelan lease expire so anything is possible
 
hmm something interesting is going on with UKD atm. Directors are buyingmore shares and news on the bauxite project should arrive soon. It went up 30% last week and now its up another 10%.
 
Beethoven said:
hmm something interesting is going on with UKD atm. Directors are buyingmore shares and news on the bauxite project should arrive soon. It went up 30% last week and now its up another 10%.
late in the day stuff too with good volume. you would think there must be something on the horizon.
 
another great day at the races for this little chestnut. made of IRON, BAUX ITE nothing & sparkles like a DIAMOND on these sunny days.
 
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