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Gold/Mining/Energy : Canadian Microcaps

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To: Ciao who wrote (477)	4/4/2005 1:36:23 PM
From: Gulo	of 817

It seems some of us were too hopeful that GKX's fab losses wouldn't be large. Otherwise, the company is doing about as I expected, so I don't see a reason for the small panic the NR caused. In perspective, it took only a couple hundred thousand shares to drop it all the way down from .80 to .53. I guess most shares are in stronger hands, but they are taking a (prudent) wait-and-see attitude before buying more. I couldn't take much off the table because my position is too large for such an illiquid stock. On top of that, the shares are in limbo during an account transfer. I'm still up 50% overall and I'm holding this for the long term because I want to see the benefit from the fab plant, SAGD once-through steam generator sales, and the other projects. -g

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