Welcome To The Kimber Resources HUB On AGORACOM

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

Free
Message: Re: Time to buy???

Nov 14, 2011 01:47PM

Nov 15, 2011 09:28PM

Nov 17, 2011 06:35PM

Ah, the room has come alive.

Well, Flat, I always use limit orders, which is why I was able sell at 1.49 a couple of weeks back on an opening rush of exhuberance on someone else's part. Not you, I trust.

As mentioned, I've started rebuilding my position at 1.29. Doubled it at 1.19 and have a standing limit in for more at 1.09 that has missed by a few cents in recent days.

As for Cramer, I'm thinking an underling at CNBC in charge of producing web copy misheard his Lightning Round mention of Kirby, thought it was Kimber because of similar sounding ticker symbols, and put out the transcript. The Seeking Alpha author apparently reads the Lightning Round recaps, but doesn't watch the actual show. Can't say that I blame him. Regardless, Seeking Alpha Man might want to become Omega Man and end it. His analysis seemed weak, especially thinking it was worth mentioning the lack of a dividend. Earth to analyst: The only way a junior explorer can pay a dividend is by borrowing even more money and/or issuing more stock to produce even more dilution. The rest of his analysis was Grade School math. Surprise, Kimber lost money. Wow! Again. IT'S AN EXPLORER!!!!

But I do think this Cramer affair has hurt the stock and I've communicated that to IR Hamilton. Any prospective investor doing basic due diligence before purchasing, might check the Kimber page on Yahoo, see that Cramer doesn't like the stock and some Seeking Alpha type has piled on and might not bother to turn over a few stones to check further.

I've had this debate before with the buy-Kimber-and-never-sell-it types, but I think this is a good trading stock. I like its long-term future, too. but short-term, I really think if and when the European situation goes from boil to simmer, and our U.S. Congressional Cretins come up with some sort of grand compromise on debt issues, Kimber moves onward and upward.

I'm willing to buy on this current decline, optimistic that it all works out in a timeframe of a couple of months, tops.

And if it doesn't, then it becomes a longer hold, waiting for that buyout to come. There was a good article on theaureport.com mentioning how Kimber is setting itself up for a buyout.

By the way, try some Witch Hazel on those bruised feelings.


Nov 19, 2011 08:46AM

Nov 19, 2011 07:47PM

Nov 21, 2011 02:00AM
Share
New Message
Please login to post a reply