I think this KXL to SGX correlation (and other companies in the area play) exists due to the huge lack of information.

The average investor (us) knows very little about the inner workings of each of these companies and their individual projects. And, as we have seen on shows like BNN, a lot of the analysts seem to know very little as well!

Add to this mix is all the secrecy. For obvious reasons, the companies have to be very guarded about the information they disseminate. Ditto for the analysts who are "in the know".

So when the markets have to place a "value" on all these companies, there is a tendency to use a benchmark. In the case of the Beardmore/Geraldton gold camp, KXL is probably that benchmark.

As one poster mentioned, this trend will continue until an individual company has a blockbuster news release that separates them from the pack.

Sorry SGXers, but I hope its KXL that does the separating!!!!

Until THAT DAY, good tidings to all of you.

KG