We have 2 million ounces of gold and a growing highly mineralized area that is expected to become a new gold zone. Kilo is lead by the founders of Moto who successfully found over 20 million ounces a few years ago under Moto Goldmines. Kilo has two neighbors, Banro BAA and Loncor who is on the Toronto. Loncor just recently started it's drilling program, and had a major 24 million dollar investment from Newmont. Banro is a close neighbor with 11 million proven ounces and growing. Banro and Loncor are making it, Moto made it in the past, AngloAshanti, Randgold, and Newmont all want in. The rush is on for the gold properties in the DRC and Kilo is already sitting on some of the most prospective historic and artisanal mine sites. Everything is set up for this to run, but the private placement was done with the wrong firm, by the wrong type of business fat cats looking to turn a quick buck. And now here we are sitting at .20 driven down 20% of market cap because Haywood needed to sell that last 50,000 share block for only $10,000 @ .20 and .20 is the entry price of the private they did, so the logic behind the decline is completely mind boggling. The only sense it makes is if they are shorting and dumping, but I cant see how then can possibly cover when they need to, I still think they are loading the spring for Kilo to break out higher. HOW CAN A FIRM OR WHY WOULD THEY DRIVE DOWN THE MARKET CAP 20% FOR ONLY $10,000? UNREAL!!!!!!!!!!!!!! There has to be something else going on. Im just going to keep buying.
