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Message: Bought-deal financings... etc...

Bought-deal financings... etc...

posted on Dec 01, 2009 07:56PM

In the past 3 years KXL has only completed 2 rather large PPs... bought-deals at that... that fact combined with strong insider support and ownership... KXLs share structure is (or should be) very strong compared to most juniors IMO... however, despite this I am very surprised KXL is not able to sustain any upward momentum... other quality juniors ARE moving up... KXL still sits near lows...

First bought-deal financing in 2007 did not take long to close... I am hoping to see the same here... $10 million big ones... let's get this in the bank and hear about the real plans for this money...

Anyone expecting more results from West Geraldton and/or Brenbar?... Or are we now done re: results for 2009?... I wish they wouldn't stop exploration from December to mid-January or even later... IMO they need to keep this thing moving... lots of other juniors in similar regions just announcing startup of drill campaigns... Specifically... I want to hear about what they found stripping and trenching to the NW... I know Golden Pond drilling will be once water is frozen... but what about exploration beyond Golden Pond?... We have been told that this was being/has been done but not much else... I think the first time stripping and trending NW of Golden Pond was announced more than 1 year ago... but nothing reported publicly... remember "grades and widths increasing to the NW"?... what happened to that?... anyone?

red911

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