Re: Oh No!
in response to
by
posted on
Sep 23, 2009 07:58AM
Creating value through Exploration and Development in the Sierra Madre of Mexico
C#Miner,
I forgot to compliment you on you're name choice; very clever.
It is difficult to sit by and watch what takes place day to day in this stock in particular and in the mining stocks in general. We know Kimber had some exciting drill results which are not part of their old (current) resource estimate.
Ben Abelson wrote an article some time ago about their recent drillings before the results were released and said they had the potential of being a "company maker." Then the results came out and they did not disappoint but rather fell on deaf ears.
Here is a quote from a recent "Bull" post which may explain why they are not communicating as often as we might like. Our desire for news is like the wife's desire to be told she is loved; she knows she is but it still feels better to hear it. In the case of Kimber though, unlike the case of the wife, perhaps it is better not said.
"When gold starts going, many important Kimber announcements will soon follow, I can assure you. Would you be out selling surf boards when the sea is dead calm? The people at Kimber are some of the smartest out there. They want the stock to go as much as you and I. But no man bend the ocean's tides to his personal will."
If circumstances prevent you from turning around, you wait; you don't spit into the wind.
When the gold market and miners start rising in earnest (something I believe will happen or I wouldn't be here) then Kimber will make news release after news release. I believe Bull, having seen the recent drill results, when he says the next resource estimate might knock your socks off. Kimber doesn't want to waste it on a market that has no interest.
P.