Silk Energy Ltd SLKEF

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Silk Energy Limited is a Canada-based resource company. The Company acquires undervalued oil and gas assets in Kazakhstan. The Company, through its subsidiaries, owns a 50% interest in the KMG Ustyurt license (Ustyurt). The Company focuses on exploring and developing Ustyurt, an onshore oil and gas concession comprising approximately 6,500 square kilometers in the Caspian Sea region of the Republic of Kazakhstan.

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Silk Energy Ltd

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Comment by Vanchesteron Jun 24, 2009 11:53am

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Post# 16094851

RE: RE: coming back down to reality

Whaler,

I am very familiar with WTM and I use to own them ( originally Sydney shares). I suggest you read about the whole story behind today's run up. Lake Shore Gold (LSG.T) is going into production this year and is in the process of sinking a shaft less than 800 metres away from these latest results. The ore is trending towards the shaft and Lakeshore is 60% owner in this property. The reality is that Lake Shore will probably drift to this deposit from the shaft so WTM will benefit one way or another. Reality is ISM has nothing on the table that comes close to this scenario. Best intercepts in the Timmins camp in quite awhile if not ever (12.7 g/t over 83 m.).

v.

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