TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: $30 millon making nothing

$30 millon making nothing

posted on Dec 13, 2008 03:55AM

So, we have $30 million in the bank and our burn rate is going to fall to somewhere around $10/yr That means that the company has about $20 million that they won't be needing for a year or 2 or more.This money is just sitting in some bank making next to nothing.

I think they should take $5 million and buy shares of kxl! Think of the advantages.At around .50 a share kxl could take 10,000,000 out of trading and put them in safe hands. A floor price would be maintained if buying took place over a few months. We all know kxl is going up, right? So later management could sell back the stock at a profit to do more drilling or infrastructure work and would not need to do any more dilutive private placements!

We could then invite then to the Vegas party. Not sure about the legalities, but what a great investment opportunity and show of confidence it would be. Rico

1
Dec 13, 2008 04:28AM
3
Dec 13, 2008 02:12PM
1
Dec 14, 2008 05:19AM
2
Dec 14, 2008 06:05AM
1
Dec 14, 2008 07:09AM
2
Dec 14, 2008 07:18AM
1
Dec 14, 2008 03:10PM

Dec 14, 2008 04:26PM

tau
Dec 14, 2008 05:03PM
1
Dec 14, 2008 05:16PM

Dec 14, 2008 08:50PM
1
Dec 15, 2008 03:02AM
Share
New Message
Please login to post a reply