Our new shareholders.
posted on
Feb 04, 2010 08:03AM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
There used to be a number of posts here about how tightly held our share structure was. Lots of institutional and insider support to keep us strong. Well it appears that the new flow through PP has changed that. Half of the PP was bought by existing holders but the other half was bought by others for tax reasons. Do you think they are long KXL or even know who we are?
I think we now have millions of shares out there that will be dumped at the drop of a hat.Our only salvation remains the drill bit.
Brian's comments about not being worried about day to day fluctuations in SP show a total disregard for some of our shareholders. I do understand the gyrations of the stock market, but many people have put their faith and dreams in this company. That is not Brian's fault but it is his job to create shareholder value. On this regard the company has so far failed us.
Many of us have lost so much on KXL that we cannot afford to sell. We must continue to hold and hope. There appears to be much activity going on and I hope it rewards us small longs!! Rico