Coash - good call on firming a price bottom - finally a dose of reality
in response to
by
posted on
Nov 20, 2007 03:33PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
I appreciate it too that you acknowledge that you have a bid in at near the $3 range. I figure that is not a bad estimate for reasonable fair value without news.
I have faith in this one, but the more we shake out people who panic because they bought at $4.75 or are still regurgitating Caribou from 2006 at $3.00, the better.
I do look at one measure - the amount of time we've been above $3.00 - and that is 27 days so far (from Oct. 24 til now).
Moreover, On Balance Volume (up volume less down volume) has been very good - there has been a lot more volume going up than down - very positive.
OBV is just meeting MA20, so this is the sign of a "solid footing" correction.
It was great to hear that Maher has the 2009 drill plans in place - i.e. two years from now. That is the kind of time period I have in mind.
I ask myself two questions - 1) Do I believe in the fundamentals of this stock? (definitely yes), and 2) When it's May 2008 and we have a bunch of drill results in hand, how do I want to be looking back my stock positioning in KXL for November 2007?
I already know I was too timid at $0.80 and $1.00.