TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: Spoke with Brian today

IMO some of the Anonymous 'selling' over the past couple of months is directly the result of a 21 million share flow-through PP at 65 cents. While a large portion likely were, it would be completely naive to think all of these 21M shares were bought by dedicated longs who planned to hold until the bitter end. Some of these shares were likely bought purely for tax purposes and will be sold at or near break-even... according to bill40 this is at about 42 cents... where we are trading now... coincidence?... maybe or maybe not. Not the most exciting time to be a long but a necessary evil for ordinary retail investors in this business IMO... in a way the churning is actually a good thing as it hopefully builds a stronger base and it will end... it always does. Also, as bill40 says below... things expected to improve (i.e. news) before PDAC... that is just a little over 3 short weeks away... expected to learn more about where company is going in the future... could be exciting.

red911

Spoke with Brian today

posted on Feb 03, 10 08:02PM by bill40
I spoke with Brian today about our company and he is not worried at all with so many things on the go. There are 3 drill rigs running 24/7.

1st drill at West Millennium .

2st drill at west geralton which will move to the golden pond when there is enough ice and Brian would like to drill 8 holes there.

3rd drill at milestone .

Brian is not worried about day to day share price as he wants to build a malty million dollar company. With west millennium the drilling is going good so far with the best company in the business doing the drilling.

With Mr Harrington selling share it was to do with a personal matter with his family. It is the only reason he did it.

PDAC this year will be very special event lots of news to talk about and a whole new look at the company Kodiak is going to be in the future.

Budget will be around 18 million in 2010 (about double than last year so that mean DOUDLE the results to be release).

Tax flow through share are about .42 cent per share after tax savings .A lot of people who bought were people who bought the last private placement at $ 3.80 -4.80.

More property purchases will even help build the company more. Names that was mentioned were around Timmins, Kirkland lake area.

Things will get better in short order.(before PDAC)

Share
New Message
Please login to post a reply