Knight Resources KNP.V

To EarthMonkey and studbkr:

I was at the JH forum and I was reading about Knight Resources and noticed that both of you at one time were looking at this company. Do either of you still have any interest in this company. They released some new drill results on October 3rd. What I do not like about this company is the 49% they have in the land. Do you think this could be a problem?

mmock

I ditched them a year ago on crappy drill results and haven't looked back. Interesting play on a far-north low-grade deposit. Study the infrastructure and extraction costs VERY carefully

I also sold mine in June and July this year. The run up was a bit too fast. Now it is trading below both 50 and 200 dma. It does not appear that the downtrend is over for KNP yet.

Note also that their drill results had not been consistently positive in the past. I will wait for more good drill results before taking any position again. The current stock price is rather depressed but it can be more depressed or stay at this level for a little while.

I hope this helps.

To EarthMoney and studbkr:

Thank you very much for the information.

mmock

I think that KNP will be huge. I made good money trading as it went from .10-.90 so I have tons of free shares. The geology is complex and you have to grasp the "pods" concept. I think that KNP will be the real deal as opposed to the pump job, momentum play that is NOT.

cheers.

SoxFan, (White or Red Sox?)

Thank you! I took your confidence and re-looked at this one. I bought a few gamblers shares yesterday and it's up 37% today (from 0.21 to 0.29). Paper profits, only, of course...subject to dropping again tomorrow <g>

(Only 5000 shares, so don't expect me to be retiring anytime soon)

Yikes! Up 71% today to C$0.36. Maybe some "big money" saw this Forum thread

studbkr,

Dang, you got in just in time for today's 76% move up! My little birdie tells me that Anglo is really high on Knight and they are going to pony up big cash for next year's drill program. Again, you really need to wrap your head around the geology and the "pods" concept. Knight WILL be a mine, unlike NOT.

GO Red Sox, I will at Fenway for the first two games of the World Series!! Yee Haw!!!!!!!!!

Looks like KNP.v just got halted!

I'd like to see if SoxFan's "little birdie" is correct. Someone on ValueForum claims drill results were leaked or released but does not quote a source, either

fellas,

I am going to go out on a limb and say that KNP will be at $3-4.00 by the end of the year!

Cheers.

Soxfan:
I own shares of donner metals. As you probably know, donner owns approx 20% of KNP.
With the good drill results of late by donner and this ownership, what do
you think the valuation of donner will be in 6 mnths time?

Cheers

md1,

I have not really looked into donner other than their ownership stake in KNP so I don't know too much about their own properties. I can tell you that they should surge just from riding the coat tails of KNP. My danged little birdie has been talking a blue streak lately! hehehehe

Cheers.

soxfan wrote:

fellas,

I am going to go out on a limb and say that KNP will be at $3-4.00 by the end of the year!

Cheers.

The end of THIS YEAR? That's a huge prediction...care to explain why you think so? A double or even a triple I could understand, buy you're talking 10x in 2 months...

(and how's your track record when you go out on limbs?)

studbkr,

Look at how long it took for Knight to go from the bottom at .10 to .90. Take a look at how quickly NOT moved and I think that KNP has NOT beat all to hell. Heck, we had a tiple in KNP on one day befor the halt!

PS: I have yet to have anyone take a saw and hack off a branch while I was out on a limb.

Cheers.

soxfan:

All I want to know is who is this little birdie you keep talking too?