slam dunk
in response to
by
posted on
Sep 03, 2008 04:54PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
You guys are cheering me up.
I gotta confront a longtime buddy tonight who has been gettin' away with murder for years (another expression), and I'm not the bouncer type. I'll be happy when tonight's over.
What I will continue to do is make grammar mistakes here on Agora ("I does ..."). Oh well.
I am very deep underwater with KXL and yet I don't see any point to letting the shares out of this "long's" fingers. If it went all the way to zero then heck I'd be Pickens at the end of 'Dr. Strangelove' riding the bomb all the way to ground zero. No advantage in giving up.
Okay, that's a wee mite too negative an imagining - not realistic with KXL's $35-40m in the bank. We are in a helluva headwind in the markets in general and the juniors even moreso. They news out of KXL has been thin as nail soup but there are bright rays in that they are drilling the Lucky Strike - Golden Mile intersection (yay!), and the alternate properties and the SGX juncture are proving up.
The psychology about KXL goes through cycles, and as much as I'm tired of patience, on it goes. Yesterday with the super-low volume I realized from the Level II and the thin bid/asks that with my line of credit I could have moved KXL up or down by 40 cents all by myself. Very odd feeling. Not that doing that would have helped us in the long term.
At a certain point the market pros will decide to allow this one to bob up, and there is no point letting anything go to make it even cheaper for them. In the meanwhile, as Yogi Berri said, it's "deja vu all over again." Bloody patience.
I feel awfully lucky for this forum and the great people on it. It would be a lonely place out there without you. When the little guys band together it's called a tribe and tribes can do fierce things.