From another board
posted on
Sep 24, 2009 09:53AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
From whitefeather on SH. He's one investor that doesn't think there'll be anything coming out before the show. Evidently KXL has a much different philosophy than companies that for instance put out tables of proposed drill holes and locations and check them off when completed, and then post the assay results as they come in. I realize that KXL is compiling results into a complex model, but couldn't they release the initial data anyway? Judging from the expertise I've encountered on this board, there might be somebody here who would come up with a better model faster than KXL.
whitefeather's post:
Called IR . How's drilling going on Hercules/Golder Mile ? It's going . 3 months of drilling , anthing back from the lab yet ? Maybe . Has there been one drill on the GM all summer and the other drilling other targets ? Yes . What about the third drill , where is it drilling . I'm not sure , but it will start drilling this week . How about the wedge holes , anything back on them yet . Don't know but they'll have to be ananyzed before being released . Any more deep holes being planned or have been completed ? I think 2 . A lot of investors are waiting for a news release , any chance well get one before the Toronto Resourse show , a lot of prople have a lot of money on the line . Don't know , they may have to wait . We've been waiting , how much more ? Don't know but they may be looking at 2 wedge holes and some results from the GM but they may have be analyzed and compiled . So of 3 drills , one has been and will continue drilling Hercules/GM , ones is roving other targets and you don't know where the third one is going that's starting this wheek ? Right . Check my name against the stock i own and you'll see i own a lot and i'm sitting on a lot of cash from a couple of other trades . I don't have to tell you that the KXL charts looks bad , the share price has tanked and i wasn't looking for inside information , just the information that is on the minds of many investors . I was about to put a lot more money into KXL at these prices but after getting no where , i'll pass for now . If i may be of service , please call back .
So i recieved no information on anything but if you break down the questiins the answers would have resulted in no material change . I wanted to be convinced that with the low share price it may be the time to put another $20,000.00 in . I came away convinded the $20k will go elsewhere . I felt that i was an annoyance .
Maybe they have material change ready to be released , but i have my doubts . Could be wrong but those extra 35,000 shares won't be purchased at this time .
Anyway , below is the chart . Oh , they are doing some trenching , big deal , the market gives nothing for channel samples . I thought i could have a conversation with IR and instead got one word answer's and this was after getting the e-mail that they'll play my way in to the Camebridge Resource Conference . A poor excuse for investor Relations and i hunk up with the feeling that we'll get nothing or very little soon . I hope we don't
get another stunt relese before that show . There was no material change in the release before Denver . Chart below .
(note: chart not copied and pasted from SH)