Note to Investor:
posted on
Feb 19, 2009 07:37AM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Ted, A couple of things. First of all. There are parties interested in keeping Kimber down. There could be a variety of reasons for this. They could be short and not have the funds available to cover right now. They could be hoping to hold Kimber down until gold falls back below $750 (not likely to happen in my view) so that they can get in on another financing at a cheaper price. (An investment bank would do this) They could be short right now and just trying to push the stock down to shake out unknowledgeable investors so they can buy back at a profit at lower prices.. They could just be bluffing, i.e. understanding that there are a lot of people looking at level two and watching what you are watching and thus getting discouraged and not yet willing to put big money on the table when seeing all those sell orders. They could just be stupid. This is always a possibility. There are many stupid people in the world.
Also, you need to remember that the people who are going to make Kimber really go are the people who are going to buy it out, not you or I. The Majors and mid-level producers i.e. Yamana, Agnico Eagle, Minefinders, Goldcorp need their stocks to go up first, because the currency they will use to buy Kimber in the future will be their stock certificates.
Kimber is acting as it will act. It would be nice if it rocketed to the moon tomorrow, but the end of the race is what matters not the middle.
Once last note: Regardless of what anyone trying to manipulate Kimber or gold tries to do, they WILL NOT be able to alter the major trend of the market, which for gold and gold miners is up. This is the tide. The tide is moving in one direction. There may be waves moving in the opposite direction, but the tide's direction is what matters and the tide for gold is up right now. The tide for fiat money is down. There will be a time in the very near future, in my view, when anything related to gold or gold mining will be, ..well it will be seen as a gold mine. Hang in there. Bull