Re: Opinion - what to do if KXL - Portee44
in response to
by
posted on
Jul 28, 2008 06:16AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Lawny...
Thanks for the nice words...
I have been investing in the markets for many years and rarely does the opportunity arise to get into a company early..and I mean anyone in under the private placement price of $4.80...
If you look at who bought into the private placement you will see that David Richardson and some of the family members also bought in...
at $4.80..
The Richardsons are well connected,wealthy and very astute business people,having been in the Agriculture and private banking and investing business for ever..back to the 1800's..
Knowing this,I bought sight unseen at .37...as soon as I heard of KXL and that the Richardsons were involved..
Hartley Richardson ,the grand old man and patriarch of the Richardson family, has given away more money than most of us will ever see in a lifetime..
The management of KXL is heavily invested in the company and there is not one fool amongst the lot of insiders..
They will do the best possible job for us shareholders ,and you can take that to the bank..KXL treats its share holders like we were all employees..and look what they have done for their employees..bought them a hotel and a BAR...maybe even some dancing girls...That is the kind of company I want looking after my money...
I want to see this story out to the end...Will I take profits...??
Of course...will it be soon???..No...
I can see a hold of at least two years before I start to take profits..Two years will tell me the direction of my investment..
I'll decide then what to do..
Long term holds are the usual way I operate but I have flipped many stocks ,to take advantage of a quick buck,,..but not this one..
Have a great week..It will be exciting.
Portee..