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Message: Hey Rink

Re: Hey Rink

posted on Feb 18, 2008 04:34AM
Hey Greengas, I to sold most of my holdings at that time but held on to a few shares. There were several things holding the price down KN having problems with the 'nations" being the most obvious. However, hedging was also a problem which has now been resolved, and there large cash position was used to purchase a new stake in Australia, the Perseverance Corporation, LTD, which just closed a few hours ago. That seems to be very promising with the price of gold and the addition of new technology hopefully bringing the profits up. With KN never being officially refused, and NXG already writing down its assets, IMO their is still a lot of value in the ground, and could be brought back onto the table in the future. Also the Y-D property is very promising and KS is still producing and IMO could expand, do to new contract now being in place with workers. It is a speculative choice that I've been hoping to attract some interest in with this board, but so far very little interest. Rink
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