Sugbess,
Haven't really entered into the debate as such considering i come from a very different angle i guess.
Nope, i have left the grades and charts at home.
Instead of looking at the grades, i suggest you look at who are the two new guys sitting on the board and why they even decided to invest into KAL in the first place.
Even though you don't hold judging by your expertise on the Norseman and low grades, i would assume you would have read the 74 page prospectus, "Hey Presto" nearly a year ago to the day.
I would assume that you would have known that Lewis & Alter (100% ownership of RASL AU LLC as Directors) commissioned an independant Technical Valuation of the Norseman in December 2005. Crikey, thats nearly a year before anyone even new about it. Wonder why??
Well given that these two guys in particular Lewis has very good connections within the US Gold industry and knowing earlier US owners of the tenements, i would suggest he knew exactly what he would be targeting.
Now given he has an excellent background from pouring to sales completion within the Gold market, in fact he has even owned his own smelter at one stage, this situation has given him a perfect situation with KAL.
Why i say that you may ask.
7th December the company owns 31% of the company with of course the 12 Convertable Notes and if they choose to sell the 100% ownership of AGI gives them the opportunity of receiving a further 30mln shares anytime between 12 & 36mths from the initial 7th December 2006, giving them 42.37% ownership of KAL. This would also give them 40% voting power at Boardroom Level once they had converted the notes.
Well what do you know, Stanley has been appointed as an Executive Director today. That is amazing.
Friday is their 12mth Birthday. They have the right to convert all of the AGI shares anytime from the 7th onwards giving them 42.37%.
Game set and match.
Forget the 1 0r 2 mln ozs.
They will be going for much more including other tenements along the way. This a brand new company with a longterm view.
These two guys are not investment dreamers.
They are experts who will forge this company much further than what many even dream about.
Packers - Murdochs - Branson -and many others of this world all share one common trait, they think outside the square and know everything there is to know to achieve their target of success through whatever means it takes
way before others even know whats going on.
More often than not it requires incredible dedication to achieve its means giving up alot of time to research everything.
The grades may not be very high atm. However, i think Lewis and Alter did not buy into this project for lowgrades which can't be mined.
Thats my naive view anyway.
Also the reason why i bought into KAL in the first place.
Cheers markco2
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