Re: The market seems to be anticipating the next NR
posted on
Nov 26, 2009 06:50PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
What's wrong with today's new release? Pretty major news to me. Mineable. New deposit. Good size. Good continuity. Roughly continuous with PG's Geraldton and our West Geraldton. Open pit. 5 times the grade Exeter's big deposit is. If I may copycat what someone else wrote, "Lots of exploration upside with little historical exploration along a major regional structure." I added 36,000 shares today. What's not to like?
Agreed that with US markets open we might get more of a bounce. h_rattle, 78 cents sounds just fine to me - on the way up. Tomorrow people will wake up Black Friday with a hangover, and the drop in european markets today to contend with, after the flood of concern over Dubai - hopefully a new gold deposit will be cheerful news to someone!
Speaking of Dubai, news is they sprung a leak ... :o)
http://www.zerohedge.com/sites/default/files/images/user10/imageroot/leak01.jpg
http://www.zerohedge.com/sites/default/files/images/user10/imageroot/leak02.jpg
http://www.zerohedge.com/sites/default/files/images/user10/imageroot/leak03.jpg
http://www.zerohedge.com/sites/default/files/images/user10/imageroot/leak04.jpg
By the way, anyone notice the large KXL volume today? 1.66 million shares traded, vs. average of 171,000, according to google finance - nearly 10 times normal volume. A while ago we estimated the liquid retail float as being 5 million shares. That suggest that 1/3 of the float changed hands today! I heard from the road trip Brian did that the funds are hotting up on this stock - only Sprott has stuck with us. So who sold? Who bought? Funds would have to get in somehow. Only 18 cents above our "floor" is pretty cheap. 1/3 of the float is a lot ...
My vision - KXL over $1.00 soon! =:o)