Hodson Doesn't Know Jack About KXL
posted on
Feb 01, 2008 03:31PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
I finally had a chance to watch the clip of Peter Hodson on BNN and I have to say he doesn't have a clue about what Sprott is doing with Kodiak IMO.
When asked about it he's never owned it and Eric (meaning Eric Sprott) has owned a "little bit ". So unless he thinks 11 million shares (8% of the company) a "little bit" is I don't think he has any idea what "Eric" is doing.
On that note; if there was any truth to the rumor about Sprott unloading their position, don't you think 11 million shares would be just a little bit difficult to sell without getting noticed? I could be wrong but that is a ton of shares to unload without anyone catching on. Not to mention it would take a LONG time sell that much without severely crashing the stock on lower volume days.
He also goes on to say: --"the intercepts are not as big as we expected. Its still a decent play but its not quite the big up side that we thought it was 6 months ago"--.
What the hell is that about? Six months ago Hercules wasn't even in the spotlight and KXL was gasping its last breath after Caribou turned out to be more difficult to explore than expected.
So I stand by my original position I had yesterday, he obviously has no idea about KXL and can't keep up with all their developments.
If he actually watched the Vancouver presentation or did ANY research in the past 3 months I think he would be singing a completely different tune IMO. KXL has 3 drills turning now, possibly 6 drills in May and 3 prospecting crews with 5 people and a backhoe in each.
Yeah there's not much upside to KXL at ALL {said with the heaviest sarcasm I can muster}. I guess KXL should just forgot about the 60km drill program and stop early because only 100% of the holes on the Golden Mile hit gold. For this to have upside they should have hit gold in 150% of the holes, what are they thinking? lol.
Here is the link for those of you that missed it:
http://www.bnn.ca/shows/past_archive...
Peter Donkson's talk about KXL is right around the 39:05 mark(near the end) of Market Call (part 1/2) at 12:30.
Anyone who puts weight into what Hodson had to say deserves to lose their shares IMHO. Do your own DD. I guarantee Joe public retail investors (like myself) have a LOT more time to research a single stock that someone who has to research thousands.
We should see news this month sometime. Don't forget there are still assays pending for Otish, Metallic assays from past holes at the Golden Mile and I'm sure they'll continue rush assaying cores with visible gold. A lot of juniors aren't able to explore all year round so this winter may work out in our favour. Patience will be highly rewarded mark my words!
Cheers.
Gamblor.