RE: K-8 completedIt's no secret Bell is suffering from big time investor burnout from the faithful retail base who've been around this story for oh so long. Is it any wonder why some of us that visit this forum for insights have weathered a tempered enthusiasm for/with this company? Everything seems to take forever with this junior and i'm not asking for too much, just give me an upward trending staircase chart (enough of these false starts) and i'll be happy with that...
The step out of 2.7km's to the east-northeast from K7A (K7) instead of into the supposed heart of this 2nd model has me a tad bewildered (dilution is front and center in my mind) and i'm trying to understand the fine line in the sand from a geologist's (TM) perspective to methodically go about his scientific approach in disproving his theory/hypothesis in the discovery process. Why did we step out to the eastern pyritic fringe instead of into the meat n' potatoes when "the company" is literally starving for cash? This sounds absurd, but wouldn't a discovery - sooner rather than later - limit dilution? That's a loaded question but it had to be asked out loud.
This latest update had its technical describing moments (as it should) and it's tough to follow along for the average retailer out there. The specific Bell market sure seems uninterested (volume = 31k the day after the NR) and it makes one wonder - if Kabba is trumpeted out to be so massive/gigantic by the "close to insiders" of the company - why isn't there an inkling of interest even with this latest geology hole (K8) announced to the market.....which seems to be proving that the 2nd model is still on par. I really don't get it, you'd think a few houses with their Geo's would have enough technical information to be all over this play in biting off cheap chunks of stock by their standards. You'd think at least a little interest would arise, i can understand the commodities have cooled somewhat (copper appears to be on the mend after a much needed correction), but still....what gives? Wasn't this update far enough along geology wise to go on or will the market only award mineralized copper intersections? Has Bell really dug themselves a hole for going the wrong way with K6 and the market wants to see a discovery and nothing else? But still, where are the early bird deep pocketed speculators that want to be in front of the herd?
Oldtimer, you've mentioned in a previous post of being in the mining business for many years and know of TM within your circle, you see the potential, why doesn't the market? Has the market long but forgotten about Kabba as well (with La Balsa & the Duke) seeing how it's taken so long these past few years to move forward in a big way? Gryphon, i'm all ears for your take as well. Certainly a "show me" discovery will light a fuse under lil ol' Bell at long last.
I disagree there alternator with all due respect and i hear where you're coming from, but some smart promo would certainly help and PDAC of all conferences is a step in the right direction. They might have been early to the PDAC party last year but if K9 is the "glory hole" that we've been waiting a koons age for - then having an announcement at PDAC time should do just cause.
Bottom line - the story needs to get out to those deep pocketed players to turn over the float moving forward. Enough of the glimmering hope rises of 300/400k (volume) brush fires from the usual suspects (BMO), bring on an inferno of volume in the millions....we'll then know "sumthins up".
Lets hope we don't have to wait two more months for another Kabba update, things need to change in regards to news flow and in keeping shareholders up to date...transparency is key just the same (food for thought).
Get 'er done Bell at long last!