Agoracom: Small Cap Investment - Kimber Resources - Significant - Agnico Eagle Senior VP joins Kimber's Board of Directors

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Creating value through Exploration and Development in the Sierra Madre of Mexico

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golden kiwi

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Significant - Agnico Eagle Senior VP joins Kimber's Board of Directors

posted on Sep 20, 2011 04:20PM

Great news that Tim Haldane of Agnico Eagle will be joining the Kimber board. This could be a hint for a future buyout or joint venture.

http://www.kimberresources.com/News.aspx?newsid=211

Key words from the news release:

Senior VP Agnico Eagle Latin America

Previous VP of development, Glamis Gold

Participated in numerous acquisition and development activities

Seeks to realise full potential of Monterde

Track record of success in building and operating multi-million oz deposits in prolific Sierra Madre.

Hopefully this announcement should provide support at the $1.50 level and a driving force trending towards $2. We are then waiting on an updated resource estimate and or release of pre-feasibility to slice through the long held resistance at $2 and onwards towards the next resistance at $3-3.5.