Re: News in August...
in response to
by
posted on
Aug 31, 2009 10:56PM
Focused on becoming a near-term Gold Producer
Ithink you're right Red ... either they've found nothing ... OR ... The results were underwhelming but telling for future phases ... OR ... more conspiracy theories.
It seems to me that if they want to fullfill their plan of making acquisitions, they'd have to do it with shares and preferably at a higher price or there's no point. News in August usually goes unnoticed. News generally gets a bigger bang when they are announced in conunction with further drill plans or if further phases drilling have already started. Maybe they are timing publishing of results (which by themselves as an initial drill phase would not move the SP much if t all) with the announcement of further plans ... or even further plans underway.
I notice that KXL shares have been getting some attention lately ... Sp was up in the low 70s late last week and earlier today. I think the market and investors in general are looking for a big story given the bloodbath they've (we've) taken in the past year, it would be nice if Nigel could paint (lake) a rosy picture for all of us