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Message: Re: Kabba Grades & Size

Re: Kabba Grades & Size

posted on Apr 26, 2009 10:29PM

Below is a revision of my post that got reported as a violation for it supposedly wasn't up to snuff here on Agoracom for numerous reasons. In reading it over, i guess it was a tad harsh in spots and i omitted one paragraph which i think was the root of the problem. I never received a response today with my separate note to the Agoracom authorities but the Agoracom monitor was active today as i got him/her to pull my follow up post for the wrap on the right side which some of you might remember. They also pulled my questioning as to why my post was pulled at my request to "clean up" the thread.

Hmmm, if you look at my post now there Agoracom rep, it's "too wide" on the right side, can you fix the wrap to make it more presentable without the last few letters cut off on the right side?

This posting should stick and if it doesn't then i don't know what the problem is and what rules are broken...

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My oh my, it's so nice to see some long time Bell folks stepping into the ring to add some quality to the discussion - meaning ThaiDiamond & Gryphon. It's been a long time coming, keep it up folks!

With all due respect Thai, the true longs that have followed this play from the Bell Resources days (and have talked with management) of which i know you via SH, likewise Gryphon, know the trials & errors very well, you indeed speak for the majority of true longs (deep down) rest assured and i can be as pessimistic as ever let me tell ya, mind you, drinking from the half filled glass these days seems more mentally productive i'm finding, but hey, we've been thru the ringer here so having a sounding board to vent.....the good, the bad and the ugly.....is a darn good thing! :)

I agree with most of what you're saying Thai and many of the Agoracomer's need to take off their rose coloured glasses cheering copper and wondering when La Balsa will be put on "high heat". The only way LB will get into the development stage is with a JV partner (see 'Corporate Presentation' on website) as there's no market for cash poor juniors (BCU fits that mode very well) going down this path seeing how the capital markets have changed with the hedge fund boyz having long vacated this investment space with their hoards of cashola to fund junior development projects (from what i've heard the Hedgies won't be back for quite some time yet).

I need to be very blunt for the regulars here at Agoracom, Kabba is the only game in town (right now) so get on their website and digest everything! Lotza stuff is technical and i have just as hard a time as the average retailer but common sense will give you a good understanding of the Kabba picture, a pic is indeed worth a thousand words and doing some simple legwork on where K6 is spotted in relation to K5 - by reading the news releases - makes perfectly good sense. I shake my head with how out of touch some in here are with their supposed BCU investment, surely reading and trying to understand NR's are a basic and ongoing DD requirement.

"Integration of the new drill information from K-5 with data from nearby outcrops and data from drill hole K-4 leads the company to a permitted drill site one kilometre south of drill hole K-5 and 1.5 kilometres southeast of drill hole K-4 for the next drill test." (it's all there in an easy to see pdf diagram)

What did you guys think i meant with this loaded question previously... "Which "letter" are we drillin next thread?" (the answer was "B"/K6 and is right there on the homepage inside the 'Kabba Abstract')

The only value that i've seen here of late has been with the two posters i mentioned above. The one great thing about Agoracom is the audio interviews with Brian Leeners and i can't stress enough to tie in his comments with your DD on the website, he sure does understand the story being around since the early days and lays it out in a compelling and convincing fashion. Give him a call at headquarters, he'd be more than happy to get you up to speed.

As for copper, i think it'll correct into the 1.70ish area and that's just an observation on the charts with simple support/resistance levels with channel lines drawn etc; heck, it could go much lower and test more solid support at 1.40ish, who really knows. Plus, the demand side of the rise with the Chinese SRB stockpiling will not prop this up forever. I'm trying to be a realist and this is what i see, if i'm wrong, i'll gladly have a serving of humble pie.

I'm sure many of us could plaster numerous bull/bear supporting articles via Mineweb and other sources with all the analysts out there. Geez, even the momo daytrading great Dennis Gartman is pounding the table again and "likes things that hurt when dropped on his foot", hmmm, but the savvy Don Coxe in his call last Friday (17th) isn't feeling so warm n' fuzzy with the fundamentals backstopping this recent copper rise (he touched upon that in his call yesterday in answering a question).

A discovery at Kabba should finally get us the attention of this skittish market to capture some desperately needed financing (at a less dilutive price) to keep the lights on and to keep on truckin. I can also concur with Gryphon that Bell have many majors watching with an inquisitive eye in regards to Kabba.

Cheers!

Stone

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