TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

Free
Message: Ontex/KXL

Ontex/KXL

posted on Aug 13, 2008 03:22AM

"Everyone is equal some more equal than others" (George Orwell)

We certainly have a situation like this in the financial crisis and how it has affected the Beardmore/Geraldton exploration stocks. (Ontex and Kodiak)

First the symptom of the crisis, Fannie Mae has fallen from 32 in early May to 8 now (at low it was 6). This of course has spread through the whole of the banking system enveloping hedge funds, and the whole toxic waste in Banking balance sheets.

In our corner we have been hit hard so have many small cap exploration and mining companies, few exceptions!, obvious statement!

However one stock has missed the carnage. Ontex.

In early May KXL was 2.2 , went to 2.8 in June and is now 1.59

Ontex in early May went from 0.34, to 0.49 in August and are now 0.40. Their last NR on assay results was on 23 July and the stock rose from 0.32 to 0.49 and is now 0.40.

To illustrate the point check the the relative performance of Ontex to KXL over the last three 3 months, Ontex is by a long way superior in performance (ONT.to:KXL.V on stockcharts.com)

My question, Why is this? Sage and Alto have been hit hard like Kxl but Ontex no!

Is somebody accumulating Ontex?

Was Kxl NR deemed inferior to Ontex new release?

Did Kxl have forced sales (hedge fund collapse margin call forced sales) which Ontex didn't have?

Can anybody throw any light on this apparant anomolous situation?

Share
New Message
Please login to post a reply