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)