Ann: Maiden 32,000 t Cu Resource for Griffiths Hi, page-18

re: Ann: Maiden 32,000 t Cu Resource for Grif... Mayo,

It is my pleasure to put some light, (when I can do it that is), and lay the real cards on the table for everyone to see.

As for the shorting, shock horror mate. For, yesterday there was another 1,554,371 shares or 30.46% out of the 5,101.586 total shares sold that were shorted.

And, as for the total shorted shares which are still oustanding and that remains uncovered as at the 16th of May current, records shows that there are still 8,049,000 shares to be covered. Shock horror there was an increase of approximately 300,000 shares, or a little more, than the previous day's trading.
So, the shorting of shares for KZL has been increasing and not diminishing.



Gutumike,

I am glad that you see it a little bit my way mate. For, IMHO everyone should read everyone's post before deciding as to whether or not it should be allowed to go through to the keeper, or taking notice of it instead.

For, if I did take notice of some of the downramping comments that were made when KZL's sp was flying instead of just following the excessively ramping and blue skies ones, I wouldn't find myself in the position I am in now. There is no way known in the whole wide World that KZL's sp will reach those previous levels again, hence why I previously wrote that I would be happy if it reached half of my entry price. For the time being though, they are in the bottom drawer until I will decide what to do with them. Lucky for me though, that I dnd't go in up to unrealistic levels, and that my total investment was a very small part of my total portfolios, but I can't help wondering if there were someone out there that went all in.... I do feel terribly for them.

You also wrote "Despite the fact that Kagara has gone through some tough times, and has not performed to expectations or to its true potential, I firmly believe that it really does have some excellent projects, and that the future for the company is now looking much more positive under the new CEO."

Gutumike I am glad that we now have a new CEO, but IMO the change should have been made a long time ago, and it should have been made along with a few others goners as well.

I remember quite vividly ringing the company, and one of the big knobs there painted so much blue sky on it to me, that IMO it appeared that there was no way known in the world that we could have found ourselves in the predicament we are in today. WRONG !!! From what I gathered during those conversations, it would have been like walking along the street and picking up $100 dollar bills from the footpath.

IT is fair enough that the GFC caused the sp to tumble badly, but if the company was as good as I was told, the sp should have rebound back to those levels just the same as many other companies did. The fact is, that we are not.

The trick that they came out with launching the new company (MUX) with the pretence that those assets weren't reflected in our previous sp, was IMHO, only for the reason to raise some more funds for themselves instead of going out and issue more shares in order to do a Capital raising.

The proof is in the pudding now, when we can see that the sp didn't go back to the levels prior to the IPO for KZL, nor does it reflect the value of MUX shares which IMO are currently below IPO levels.

So, anyone is free to do what they like, but, my advise to anyone who is willing to take it, is to keep their eyes open before making an investment decision based simply on what someone is reading in the HC forums that could turn out to be a very costly exercise/experience.

Cheers to all.