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Message: What chance of capital raising?

Re: What chance of capital raising?

posted on Mar 06, 2009 09:14AM

I doubt KXL would be interested in buying any other non-producing junior that has no cash. If KXL were a major with billions burning a hole in their pocket, buying resources at today's cheap prices would make sense, but now is the time for a company like KXL to conserve cash, not burn it by buying other cash sinkholes. On the other hand, if a cash flush major wants to buy in to KXL or fund some of their drilling, I'm sure the mangement of KXL would negotiate a good deal for us...

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