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Message: Re: .57
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May 29, 2009 12:58PM
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Jun 01, 2009 03:39AM
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Jun 01, 2009 05:45AM

Re: .57

in response to by
posted on Jun 01, 2009 06:32AM

I'm not sure that I would agree that we are much better off than a year ago- KXL has run through a good chunk of their cash reserve without finding the motherlode or delineating a deposit that is a no-brainer to mine. They're not at the point where a bigger company will come in for a buyout or partnership, and realistically a bigger company can take the chance of waiting until almost all the cash is gone and KXL is a bit desperate. KXL has only a limited amount of time and drilling before they have to raise cash again, and raising cash at .60 involves a lot more dilution than at $4+. I'm still optimistic and long, but getting antsy...

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