Realism
posted on
Apr 26, 2010 04:59PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Is it in the realm of possibility that Kimber will never ever go up like we are all hoping??
I am not a pessimist..........However, I am a realist. If you look back over 7 years.......
SEVEN YEARS!!!!! Kimber has basically been flat with some ebb & flow but the average
has been roughly $1 per share. Even with the "Perfect Storm" scenario of the Dow down to $5000 along with the housing forclosure and nation debt difficulties......Kimber still is "Limping" along at $1. The price of Gold hit an all time high at almost $1224 per ounce and Kimber had a very positive Carmen drill result and still $1????? The "Worst Financial Crisis since the Great Depression" and still $1????
I have listened to all the "Technical Jargon" and graphs explaining (or Confusing) this situation and the one thing a dumb country boy like me can't figure out is, "Why is Kimber not breaking out?" I get the whole situation with the shorts etc but something is wrong with this picture. Common sense tells me there is something rotten in Denmark.
I am a novice investor but I do have some "Street smarts"......If in this "perfect storm" Kimber did not take off like a bat-out-hell.....then I cant understand what will send the stock skyrocketing?
7 years is a long time and I cant see what will change. Yeah-Yeah I know about the scoping study and the Pericones results but at a certain point you have to know when to "Throw in the towel". I have no idea if we are at this point but I cant see anything to send this stock to where we are hoping.
I heard mention of eventual $20-30 per share......How? I dont see this happening. The dow is back over 11,000!!! Maybe Obama-Pelosi-Reed-Geitner-Bernanke are actually correct?? I know that sounds "Crazy" but Is it within the realm of the Possible? YES
For Jim Sinclair to be correct about the price of Gold to trade at-or-above $1650 by Jan 2011 we need a $75 per month increase in the ounce price monthly over the next 8 months. Unlikely!
I do not want to miss "The Big Move" if KBX does go so I will hang in there but not sure how long. Good Luck to you all.
1906