Longer and stronger than ever + where Kodiak is at now
in response to
by
posted on
Oct 16, 2009 12:10AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
I am long and completely committed to this company - I can smell success, the kind that comes on slowly and steadily. It's a bit like watching your garden grow - at the beginning of the season it seems like it's hardly budging, looks the same every day, and later in the season you're overwhelmed by the cornucopia of fruits and veg and you're handing it off to your surprised neighbours because you couldn't possibly eat it all.
We have basically a different company now. The past company, the days of short-term-ism, razzle dazzle and then disappointment - those days are many months behind us, and I say that with a sigh of relief. What we have now is an expert explorer with a ton of gold showings that they are methodically and professionally chewing away at.
We often find ourselves asking "What's the next drill results?" or "Where did they move a rig to?", but that is not much more than a kid on a car trip asking 75 times "Are we there yet?"
The point has been made that Lake Shore Gold Corp, for example, in its years of development had the world's most boring news releases, and issued them sparsely at that. Just some solid work that got them somewhere and now their stock is sustainably higher than ever (check their chart out to see). I prefer that kind of long-term rise to the flashbulbs that was us in Fall 2007. That era cost me and many people here dearly and I'll trade away all that stuff for professional geologists and developers doing their discovery the slow and steady way anyday. I don't take my car to a backyard mechanic, I take it to a seasoned licensed mechanic to make sure that it's reliable, and I don't expect a dozen updates from him during the day. Give me the Lake Shore model.
I too have to admit that I check this board most every day and amuse myself or stress myself a bit by reading this or that into the news, but I haven't sold a share, even during the very rough epoch before Brian took over the reins - that past pre-Brian era was when all the share drop happened.
I see us having the top team of geologists and developers in the area - no slight to the other companies - with what nobody else has - domination of the rich lands of the BG gold camp, and a lot of work already done. I see that as having the most value per share over the long term. It will take time for the BG camp share prices to rise to fair value - if there was quick fast-buck money to be made then there would be no value in being a canny true investor - we'd all be day traders. In reality the day traders don't make any more money than we do, and to boot they have to spend all day glued to their equivalent of Agoracom - their trading screens. It doesn't get them ahead and they waste all their energy.
KXL, RMK, ONT, PG etc. etc. all have their value, and that value collectively is the BG gold camp which (and I've put my money where my mouth is) I do believe will be pouring ingots in the medium term, and be one of the world's keystone gold camps.
I am not interested in boosting or pumping or being Pollyannish or anything like that - I have suffered deeply along with all the longs here, and have had more than a few public and private questions about it for the ultimate powers of the universe, whatever each person calls them, in moments of noisy and also quiet frustration. But the wisest person trusts both their brains and their guts - those are the people we call "lucky". My gut says that this is the cheapest entry point for something that other people will envy me for later - I can hear already what I've heard before, "Oh, I wish I'd gotten into that when it was cheap."
It pains me when I see that we've gotten ourselves into a state of "Are we there yet?", "Did they move another rig?" "When do we get the latest drill result?" or whatever it is. Other boards on Agoracom by comparison have a tiny amount of activity vs. this one. The other boards pay to be on Agoracom - we ride for free because of our traffic. So I can't criticize us for being full of inquiry and imagination - all the activity is testament to the great character and energy of the people on this board. But surely as I've driven myself nuts worrying or driving myself into a tizzy over something that didn't need it, maybe we need to take a deep breath and remember what we're trying to accomplish and what's important.
The nature of true stock investing is to buy and then hang in there until what you figured would come true proves you right, in general. No point ripping your tomato plants out mid-summer because the tomatoes are tiny. They just don't get big until the Fall.
There is a great deal afoot in the BG gold camp. Real explorers - rather than promoters who hope to spin a quick buck off a promising hole before the assays come in - real explorers often have to go significant periods with their cards close to their chest, so as to negotiate well with the other smart players in the area. In that way KXL's press releases have changed completely in character - measured in tempo and perhaps as sparse as Lake Shore's - and just speak to our transformation into a healthy, sanguine, serious and big-picture explorer. In Texas Hold'Em, you need to watch your "tells" if you want to be at the final table.
Hope it's ok that I wrote a longish message. Just what I really think. I've been in this for over two years and have only accumulated shares. There are so many times in 30+ years of investing that I said "I wish I'd gotten into that one early!", so this is a time I'm playing my hands cool and slow.
I am not holding out for any particular drill result or rig move or tidbits of this kind or that. I like to imagine it's already a year in the future, Fall 2010, and I'm looking back on October/November 2009, and I'll likely be saying "I can't believe all that's happened and how far we've come - I am so pleased about that. How did all _that_ happen?" I see upside. This stock is cheap, the prospects fertile.
Thanks for putting up with my 2 cents / cedar