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Message: wHAT TO DO NOW

wHAT TO DO NOW

posted on Feb 16, 2009 08:35AM

Well with the sp so low I imagine every other shareholder is like me and bought at much higher levels and rode the slide to where we are now. A miss with the drill can kill - but what to do now is the point. No point in selling at these prices(sold 20% for tax loss because this was my biggest loser) but the reasons I bought before remains - land holdings- %5 royalty agreement- money in the bank and low share structure. As for misssing with the drill I don't think it is any shame to ask for outside advice (adk comes to mind) as for land holdings they are large but the geo mps don't look as good as some of our competiters but with victory at 100% owned and it's sheer size holds alot of potential on it's own. I'm courious as to where mantis is with our joint venture and drill targets I'm hoping at least someone is working to get some of our projects moving.The 5% royality as announced was to be further in the distance then I had hoped but am anxious to get updated and don't feel they should not be all that far in the future.Money in the bank is a huge asset in this market and at this shareprice and low market cap investing here is money in the bank and the prorerties seem a bonus. It was mentioned that they might be shopping for properties and I won't expect any news till a deal is worked out to avoid tipping ones hand.Although I was thinking some time ago that they could of bought into KWG for one penny a share and owned a fair chunk for cheap but with the emercence of cliff that ship has sailed.Dr. Palmer has done an increadable job building a great body of properties with money in the bank and still managed to keep low number of outstanding shares which above all things indicates his sincere intentions for his shareholders and for that I am gratefull. As for what to do now,well for me, it's to work more overtime and buy more probe shares. GLTAL.

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