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ron4n

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Re: Klondike Reactivated

in response to Klondike Reactivated by RockLicker

posted on Jul 11, 11 09:32PM (Log in to use the IP Check tool) ^[?]

I just can't get excited about this even though it appears Hughes and Klondike Star are only along for the ride. KDSM stopped all work on that property years ago and when I talked to Hughes IR they were completely unaware that KDSM had become inactive, not that KG has done anything worth mentioning in the last 4 years either. As far as I know since the financing in Dec KG has done no work and the share price has lost over 40%. Typical Hughes company performance.

Lonestar is a private company, only in existence since '07, where they will get their hands on $25 million is a pipe dream in my opinion. Private companies rarely release news and we know Hughes doesn't unless required or for some reason they believe makes them look good.

Some day they will probably drill again and if they hit that Sedex feeder I will probably buy something I actually don't need. There is always luck of couse.

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