Timmins & Beardmore - Northern Ontario

Focused on becoming a near-term Gold Producer

Free
Message: KXL

Re: KXL [a reply to w6w's 11-26 post] We are not going up

in response to by
posted on Nov 29, 2008 12:21PM

IF what you say is accurate regarding SGX being 'totally reliant' [IMO totally is to strong a wording] on KXL's coming out with news. I believe that KXL has stated that they will not release any news or any more news then they have to in this climate, [there are ways to legally hold back nr's] so if we are that joined to the hip of KXL, and I do believe there is some behind the scenes 'relationship', then our SP will NOT go up that soon. W6W, it does not seem to matter if a company has a good release or not because I believe that the definition of a "free market" has been tampered with or altered somewhat in this financial and economic climate and also because of the cyclical nature of this market. The SP of numerous majors and juniors show this to be the case. Please let me state that I believe in SGX and was willing to wait at much higher levels, so I for one will continue to hold steady. While I do hope to glean a nice profit, I do understand that there are those on this forum that do not feel that way about waiting. Then it was they that made a huge mistake regarding their trading modus operandi and practices. Perhaps that is why they 'feel' everything is the company's fault. From their perspective and in their own minds eye it is, but the truth of the matter is they are not very good traders and they are also very poorer waiters.

Based on the above, I do not see how you can say that, 'KXL should have delivered news awhile ago with 6 rigs going'. You also state in the post, 'so the longer we wait the results are or may not be there'. It's true that we do not know for sure that KXL hit anything noteworthy or anything at all BUT I have to believe that because of the past results, technical testing and the company's geo-experience that they are on target. It is just that the drills tell the final story and that story is yet to be revealed. So wait we must no matter what our beliefs are or what we think will happen. At these levels we hardly have much choice anyway.

All the best,

Jerry

Share
New Message
Please login to post a reply