True... based on previous 2 results and selling just prior to...

True... based on previous 2 results and selling just prior to ann, this is definitely not good news. Shareholders have been beaten twice and would have thought that those who lost would learn better.

I sold mine at breakeven, as I'd rather protect my capital based on:

1. If result is good, say KCI>30% then this will run. It won't be late to join in the party and still make some profit.
2. If result is crap like the previous two (in which one result did not get announced until later on), then it'll tank, and you can say good bye to the Fed permit even if they get it as 3 holes already showed that they have got the propecting permit areas incorrectly interpreted by well-paid consultant.


Risk assement:
Likelihood of good result: 20-30%
Likelihood of craps: 50-70%

Not trying to hose down any hope but I hope I'm wrong. I've seen two dips prior and to get burnt the 3rd time, either one hasn't learnt or have lotsa $$ to throw down the drain. I've swing traded this share for a while and have been keeping away lately due to the bad news flow.


cheers