My tip is to wait till all your mates have sold KALO down to stupid levels because of fear and then buy up big and offload into the shares.
Thats the way to do it.
The VTem testing has two advantages. - Time - Costs
Considering it was already proven successful in Canada for identifying near surface Gold mineralisation. Results expected end of February.
Of course there is also the Mt Henry resource upgrade expected within the next few weeks.
Meanwhile, back at the ranch, people will have "Cacked themselves" because of the further demise in the financial system not only in the US, but also the continueing revelations within the EU.
KALO will more than likely get sold off during the stampede to exit whilst a few will be looking at the big picture.
During times like these, the Gold price will not affect KAL's price that much due to the fear factor. Gold will continue its merry dance upwards whilst KAL is continueing to be sold down.
Having said that, at some time in the not to distant future, commonsense will prevail and investors/traders will realise KAL is worth much much more than the share price shows. It will be across the board in the Gold sector especially the small producers and near term producers who are not hedged and have cash.
KAL management put a two year timeline on the Norseman. They more than anybody understand the importance of timing for this project. Get that wrong and it could jeapardise the company. So far, they have not put a foot wrong. Even though the shareprice currently does not reflect KAL's true value, at some time in the not to distant future it most certainly will IMO.
Incidentally, have you noticed Gold's spot price went down overnight?
Are you worried??
I'm not.
Enjoy the day.
Cheers markco2
KAL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
