Re: When to buy? Ganalane
in response to
by
posted on
Feb 10, 2008 04:40PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
To be honest, I don't really know how you value an exploration play. People bat around numbers about how many grams were found in this sample and that and try to extrapolate, but it is guesswork. Yes, I often talk of the SP. I do not know a heck of a lot about geology (and have freely admitted it in previous posts), though I think I do know a bit about perception and how it affects SP. Hence, I try to post on what I feel I have a valid point to make. When I said that it was looking like it was going to zero, I wasn't predicting that it would, but making a comment on the nasty slide in SP we were experiencing. Yes, an insider said that, because that is what exploration co's do, go big or go home.
I asked how long you've been in KXL. I have been in less than a yr, in fact until a yr ago, all my $ was in mutual funds. I am curious how people saw the 06 tumble re Caribou while it was happening, how and when they knew that wasn't going to pan out. I look at the charts and the news releases, and there isn't a glaring "ah-hah!" that I see. I think it would be a shame to see a 300% or whatever gain slip away then, or now. Our results seem much more substantial this time, but as I said, I don't know geology or mining. I think there is a lot of potential in KXL, but try not to hope that it makes me rich, because the market does not give a darn what I hope for, and I know that many people lose money when they hope.
What do I value KXL at? $2.50. That will change tommorow likely. There is no sense arguing with the tape. In a yr I hope (#^% used that word!) it will be 30 or more, but all that counts is what you can sell it for on any given day.
I will finish with an apology. You did not reccomend that people buy at $4. I should not have twisted your words. I don't apologize for sometimes challenging people to consider that there may be a downside and asking uncomfortable questions. I am a KXL bull, but recognize that it is an investment, and falling in love with an investment can be detrimental to your financial health.
Are we done with this?