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Kalimantan Share Chat (KLG)



Share Price: 1.175Bid: 1.15Ask: 1.20Change: 0.00 (0.00%)No Movement on Kalimantan
Spread: 0.05Spread as %: 4.35%Open: 1.175High: 1.175Low: 1.175Yesterday’s Close: 1.175


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Caldecott
Posts: 568
Observation
Opinion:No Opinion
Price:1.18
completely new: 3 legged stool
Today 02:11
Mineral exploration is a 3 legged stool - geology, finance, legal.

KLG is weak on finance (couldn't raise much at the last attempt) and legal (so many unresolved tenure and permit issues) and not altogether convincing on geology (rest assured that if Freeport McMoran had been sufficiently impressed with the drill results they would not have walked away).
 
completelynew
Posts: 486
Off Topic
Opinion:No Opinion
Price:1.18
Latest presentation
Wed 09:09
Words mean little, without license, nothing else matter.
Precisely why impossible to get permit extension.
Message is loud and clear: foreign investors in mining will be driven out at every opportunity.

Politician believe short term growth in Low cost manufacturing will make country strong like china, Korea etc.
Will it last for long before another civil unrest to kick out the rich and wealthy business people.

If history a good indicator, 10 years at most, its in grained in the DNA.
Caldecott
Posts: 568
Observation
Opinion:No Opinion
Price:1.18
Latest Presentation
Sun 01:23
KLG's latest power point presentation (March) on www.kalimantan.com creates a marginally better impression than any of the previous efforts although some key aspects of the company's overall condition remain opaque. Clearly noted on one of the slides is that the 2015 work programs depend on timely receipt of licenses and funding. Problematic tenure and licensing issues were rarely openly discussed by the previous management team. Funding is not yet being transparently presented. The fragile state of KLG's finances is obscured not least because the expenditure budgets for corporate overheads, further exploratory drilling at KSK and the extra cost (several millions)of lifting the Beutong holding from 40% to 80% are not set out in the Presentation. These should be disclosed alongside a continually updated figure for cash in hand. Why should KLG management be coy about the company's cash needs and progress or lack of it on tenure and licensing? These are precisely the issues that potential investors need to be informed about.
completelynew
Posts: 486
Off Topic
Opinion:No Opinion
Price:1.25
World hasn't gone mad
5 Mar '15
it just the harsh reality of investing in majority of indonisian mining companies.

Share not tradeable with TD direct?
Who in the right mind wants ot touch these? All Indonesian mining shares should be delisted from foreign exchanges to stop investors losing their hard earn cash.
knicol46
Posts: 1,652
Off Topic
Opinion:No Opinion
Price:1.25
anyone notice this stock
26 Feb '15
not tradeable on the new ATP on TD Direct
knicol46
Posts: 1,652
Off Topic
Opinion:No Opinion
Price:1.25
upward movement
26 Feb '15
:)
chumba
Posts: 746
Off Topic
Opinion:No Opinion
Price:1.35
Red turns blue
4 Feb '15
The 70,000 was my buy earlier!
BruceJamieson
Posts: 862
Observation
Opinion:Buy
Price:1.35
Volume
3 Feb '15
200,000 bought nil sold and the sp goes down 6%. Has the world gone mad
completelynew
Posts: 486
Off Topic
Opinion:No Opinion
Price:1.45
Going for growth?
3 Feb '15
Unless you are Freeport , otherwise you will be taken to the cleaner at every twist and turn!

Anyone has money to burn, just torch it, at least you have see some ash left.
acperf
Posts: 90
Off Topic
Opinion:No Opinion
Price:1.50
I'm out...
30 Jan '15
...with a hefty hangover after buying at up to 7.9pps. There's only so much averaging down one can do, before realising this share is going nowhere. Can I place my vote of no confidence in the BOD ?
I like to think that I have helped a few impoverished Indo villagers (as well as the wealthy prospectors) on the way.
Good luck all those still here !





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