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Message: Kimberlite

Kimberlite

posted on Jul 08, 2008 03:39PM

Well we can all say that even though the results of the core sample were tens times better than the bulk sample, it just wasn't what we were all hoping for.

In light of all this, I talked to Graham on the phone and he said that the contracting out of the drill is going to take place on the 15 of July or there about, which is going to bring in much needed cash. Also they are individually financing the company right now and they also are getting more outside interest and PP being filled.

That being said, they are not going to spend any more time and money on Mud lake right now (I say right now because they are certain there are diamonds there and so is debeers) and are looking for more Kimberlite else where. Speaking of which, he did mention that there should be news coming in the next week or so about Kimberlite. I don't know what that means, but he sounded pretty excited.

He also reassured me saying that they learnt a big lesson with Mud Lake. With the next Kimberlite they are going to go through all the proper steps. So they are very confident still and are doing whatever it takes to make this work.

I think after that conversation I had, I feel more comfortable and am definately going to purchase some more shares, especially at this steal of a price.

Because this baby is Full of Steam and ready to take off!!! (is that too much optimism?)


Jul 08, 2008 04:41PM
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Jul 08, 2008 07:53PM
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