Faithful long termers aka no choice but to hold due to such a...

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HypeWizard

71 Posts.

20/08/16

14:22

Post #: 18565206
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Originally posted by doodledog ↑

My Journey......7 th time Ive bought into KBL.
I have been watching, studying and waiting to get back into KBL now for
months. Not holding but posting occasionly. Appreciated the in depth posts
and learned plenty from the posts shared by others, not all of them holders.
The day after I re-entered many months ago there was another Saga so I
jumped off the bus again at about 3.2 cents.
Been keen to support since but money is money. Cant bet silly.

Dipped my toe back in last Wednesday with a small parcel. (May have been Silly)

A gold mine can take more than a decade to get producing and if and when
the SHTF you don't want your company trying to raise money next year,
fill out forms, complete drilling programmes, complete feasability studies,
wait on government departments for licenses, then order in a mine to be
constructed ready to produce gold in 6 years. The Sh&t may have hit the fan
and been sorted by then with the POG back to $1200.

I'm aiming to buy cheap goldies that are already mining gold efficiently with
modern equipment and in a stable country with good prospects.
Dunno if KBL ticks the last box but I am in for the fight with you guys now.
I agree with Josh 22 that KBL could be one of the best values on the ASX if
management get a few breaks and make some good decisions.
Yes, billions of shares, yes, crippling debts and predators lurking but no guts,
no glory. The reward comes commensurate to the risk. Ive read enough.

This management have fought well before and should be used to this style of
desperate management. No casual counter lunches for this crew.
Every moment spent agonising how to survive.

Performance bonuses? Don't think that's on their minds at the moment.

GLTAH and a wholesome respect for those obstinate but faithful long termers.

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Faithful long termers aka no choice but to hold due to such a fall from grace over time.

KBL Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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Faithful long termers aka no choice but to hold due to such a...

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