Just a couple of months ago, this was simple preemptive positioning for a worse case scenario. Hank Paulsen repeatedly voiced that they had no intention of even using their new authorities. 10:49 PM last night, the report was available on MSN.com. It's events like these that validate our course, not daily price action of the company we are invested in. Was yesterday painful, in some ways yes, as I am nearly singularly invested in Kimber, but the action spoke to me louder than the final price at the end of the day. Consider this, the Feds taking over these two mortgage giants, will have a direct impact as to whether we will be looking at deflation or inflation. The Feds are saying in effect, deflation is not an option.
Stay the course! Nothing has changed aside from Kimber becoming an even greater value. Most recent drill results reflect high grade across a span of 150 meters. That is huge! Even more important is that this area is merely 250 meters west of Carmen. Check out the modeling on the Kimber website. Might Carmen and Veta Minitas be connected? Might they both be branches off of a larger, yet to be dicovered main ore body?? They just might. It would obviously be most beneficial to us shareholders for Kimber to make that discovery or at least further connect the dots to increase the probability, but they don't have to be proven to be connected to add significant value to Kimber. The presumption that they may, will get the attention of many in the know.
PM stocks are trading at levels not seen since early last year when the gold price was sitting @ $600. This will have to change. The order will be reestablished.
Seeker