Mammoth Kimber Post: Discussion with Jim Puplava
posted on
Sep 15, 2010 10:28PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
Fellow Kimber Shareholders:
I had the opportunity to speak on the phone with Jim Puplava the other night at great length involving Kimber Resources, and I must tell you all, I came away from the conversation very, very positive about both Jim Puplava and the future of the company.
If any of you have had concerns involving the intentions of the Board or Jim Puplava’s loyalty to the company and to the shareholders of this company, I would like to take this opportunity to try and put any of those concerns, hopefully, to rest.
Jim Puplava is heavily invested and involved in Kimber Resources. As well, he understands the role Kimber’s executives have as mangers of our capital and is personally dedicated to working towards the purpose of having those company executives fulfill any and all expectations we shareholders may have regarding their stewardship of the company’s known and potential in-the-ground assets. He has full faith in this management team and stated quite clearly to me that those in positions of what might be termed “power” and influence inside the company are well aware of the basic tenets of the “Pac-Man Theory,” understand the significant role Kimber could and should play involving such a scenario and intend to follow through with the stated plan of continuing to “prove-up” as large of an in-ground gold and silver asset as possible in order to insure the highest possible “take-out” price for the company.
Puplava was level-headed and intelligent on the phone, and he made it very plain that he understands clearly where the company, barring some unforeseen mega-disaster, will most likely have to go when and if the price of gold continues to rise. He is, as could be expected, disappointed that fewer suitors than expected have initially emerged to lay claim to this, what he feels to be a, great resource, and he understand that we all share in this disappointment. Together he and I shared a few mournful sentiments, lamenting this unfavorable, but not wholly unforeseeable condition. However, we concluded that ultimately, for believers in the gold bull market, such a situation as we find ourselves in with Kimber, once again barring some unforeseen cataclysm, has a very high probability of ending really in only one way. Someone eventually will desire Kimber and its resources to add to its assets and that someone will eventually have to buy it.
Ironically, the fact that Kimber remains unbought as of now might end up being a true blessing. As gold goes higher, the higher goes an acceptable and plausible asking price for the company.
In any event, Jim is aware that we are all out here. For legal reasons that he made very clear to me, and that I can very easily understand, he has been unable to promote Kimber on the air for quite some time. This SHOULD NOT be construed in any way by any of us that he has lost faith or interest in the company. You who have read my posts for these past few years, know me. You know I am not an idiot. Maybe some of you think I am an idiot, but I don’t think I am. That’s for you to decide. Somehow, out of the thousand of junior mining companies out there that I examined and/or scrutinized, however, I found my way into Kimber, and Jim Puplava was one of the main reasons. I have not spoken to him for so long that I had forgotten just how important he had been to me involving my initial decision to make this investment. That was a mistake. One that has now been remedied as I now see it, and hopefully, for good.
I must tell you all that our call was good-natured from beginning to end. We ended it warm-heartedly. Jim left me with his phone number and an invitation to contact him in the future should I or any of the investors in my group have any serious concerns about the company that he might help us with.
I want you all to know that I feel better about this investment now than I ever have. Gold and silver are rising, just like Puplava, King, Embry, Turk, Dines and Sinclair have all said they would. Kimber has the resource, is located, in my view, in the right place and is managed by a group that has a solid plan to turn the company’s assets into a tremendous wealth producing vehicle for those of us who have chosen to believe in their vision, buy their company’s stock and stand by them and it through thick and thin. Those of you reading this have most likely done just that. I bought another 20,000 shares this week, and I bought another 14,000 shares for my parents today. For those of you who know how heavily weighted I am in Kimber right now, you can easily understand that I had to have had a very good reason for doing this. I did.
Also, those of you who have read my posts in the past know that I don’t invest in companies, I invest in people. Years ago I bought Intel because of Andy Grove and Gordon Moore. I bought Cisco because of John Chambers. I bought Apple because of Steve Jobs and Jonathan Ive. I bought Pixar because of Steve Jobs, Ed Catmull and John Lasseter. I bought Kimber because of Jim Puplava, Keith Barron and Eric King. I have been out of touch with Jim Puplava for an extended period of time for reasons that are, as of now, no longer important. What is important is that now I am back in touch with him, and that after this recent conversation with him am as charged up as I have ever been about this company and ready to continue on full steam ahead.
You all can and must make your own investment decisions, but it is my view that now is as good of a time as any to buy into this company. Trade in and out if you so desire, but make sure you hold tightly to your core position. I would do my best to not let it go. I have always had a strong belief in this company, the gold bull market and the potential for great things to happen here. My beliefs have been strengthened significantly in the past forty-eight hours as a result of my conversation with Jim Puplava. If you are having trouble maintaining your faith, all I can say is simply, “hang in there, baby!” and, God-willing, we shall one day meet up, all of us, wealthier and wiser on the other side of all this.
All the Best, Sitting Bull