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Message: Buying KBX, again

Nice post, GC. How does it go? Communication is ten percent what you say and ninety percent how you say it.

I bought Wildcat at 18 cents. Presently it's at about 4 cents. My percentage loss may be akin to your EVG. I hold onto it for the same reason an overweight man puts a picture of himself on the refrigerator.

Yeah, I get the whole emotional burden thing. Sometimes I think it would have been easier if gold had just tanked in the last four years. Then I could have said my whole macro call was wrong. In point of fact, my macro call was spot-on, but I chose the worst possible ways to profit from it. Right church, wrong pew.

As I read the charts, the gold stock / gold disconnect began around the middle of 2010. Gold kept ascending but the stocks just lingered and channel traded. More sobering is the fact that even 1,900 dollar gold had little impact, and even that was a delayed and ill-fated reaction in share price.

Could you tell us what is the next significant event for KBX? I should know the answer to this. Are we doing anything beyond proving reserves? Is a feasibility study in the works? It's always been a quiet company.

Cheers.

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