Re: Financing / Market

TODAY'S DISCOVERY, TOMORROW'S FUTURE

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

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red911

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Re: Financing / Market

in response to

Financing / Market

cedartree

posted on Feb 04, 2010 02:14PM

"Looking at the share price now ... makes the financing at 65 cents look pretty good. Imagine having about 15 million less dollars, a smaller drill program, and looking for money about now bouncing off 42 cents."

OK... so on that note re: cash and exploration plans...

Sept 30th 2009 KXL had about $18M... assume they burned no more than $2M between then and now... leaves $16M... they raised almost $14M at the end of December... that's about $30M in cash... According to bill40's conversation with Brian... KXL has planned about $18M in exploration for 2010...

What are they going to do with the remaining $12 million?... Always good to have some extra cash around but with high expectations of ongoing programs did they really need to raise that $14M now?... IMO there will be other things completel unexpected that 'pop up' throughout 2010... these activities will require additional cash... and they know it...