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Kalimantan Share Chat (KLG)



Share Price: 1.85Bid: 1.70Ask: 2.00Change: 0.00 (0.00%)No Movement on Kalimantan
Spread: 0.30Spread as %: 17.65%Open: 1.85High: 1.85Low: 1.85Yesterday’s Close: 1.85


Share Discussion for Kalimantan (KLG)


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myfirstmillion
Posts: 55
Observation
Opinion:Strong Buy
Price:1.85
45 days
Today 15:21
I think the technical report will give lots more detail and in particular, about the areas where the resource can be extended which is pretty much in every direction! The devil is in the detail!
 
jamzyee
Posts: 4,203
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.85
View Thread (2)
RE: gavinneil - 45 days ....
Today 12:33
Should still move us and extra info will be in the report, further adding value to the find
Caldecott
Posts: 490
Observation
Opinion:No Opinion
Price:1.85
View Thread (2)
gavinneil - 45 days ....
Today 10:53
Considering that the main findings have already been announced, it is hard to imagine the publication of the upcoming Technical Report as a significant share-price-sensitive milestone. More significant will be progress, if any, in the 45 days starting now through to the middle of December as it is within Q4 2014 that KLG management have stated that they intend to proceed with capital raising to pay for the ongoing exploration that will be required to prove the estimated resource. The company's latest presentation refers to a budget of between US$ 3.5 to US$ 5.0 million. Investors have at present no indication whether "capital raising" will involve a private placement of shares. The share price is currently below the TSX's specified minimum of 5 cents. Less likely, although it would be a welcome surprise, is that a new joint venture funding partner for KSK is waiting in the wings. Alternatively, how convenient would it be if Jelai could be sold? Can KLG management jump these hurdles? It's all in the balance.
gavinneil
Posts: 554
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.85
45 days...
Today 10:32
45 days from news release is the 5th November... Remember remember the 5th November...

"Kalimantan Gold Corporation Limited ("KLG” or the "Company") is pleased to announce the results of the independently estimated maiden Mineral Resource prepared for the Main Zone of the Beruang Kanan (“BKM”) prospect within the Company’s 100% held KSK Contract of Work project, Kalimantan, Indonesia. A Technical Report compliant with NI 43-101 will be published on Sedar within 45 days and will be available from the Company’s website."
Caldecott
Posts: 490
Observation
Opinion:No Opinion
Price:1.88
KLG's Presentation - some questions
Sat 13:56
http://www.kalimantan.com/i/pdf/2014-Oct-Kalimantan-Corporate-Presentation.pdf

Some unanswered questions at this stage include:

1. how will the USD 5 million for ongoing exploration be raised, and on what terms?

2. when will investors and potential farm in partners be informed about the status and terms of the renegotiated KSK CoW. Without that it will not be possible to complete the promised Preliminary Economic Assessment.

3. how is Mansur Geiger's recuperation progressing and how does that impact on KSK's ability to execute field work?
fortunaiuvataude
Posts: 96
Observation
Opinion:Strong Buy
Price:1.88
positive news expected
17 Oct '14
gentle rise envisaged till new RNS
jamzyee
Posts: 4,203
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.88
View Thread (2)
RE: Very
17 Oct '14
Kalimantan Gold Corporation Limited ("KLG” or the "Company") is pleased to announce the results of the independently estimated maiden Mineral Resource prepared for the Main Zone of the Beruang Kanan (“BKM”) prospect within the Company’s 100% held KSK Contract of Work project, Kalimantan, Indonesia. A Technical Report compliant with NI 43-101 will be published on Sedar within 45 days and will be available from the Company’s website.
jamzyee
Posts: 4,203
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.88
View Thread (2)
Very
17 Oct '14
little volume moves this, will be interesting when the next RNS drops
Caldecott
Posts: 490
Observation
Opinion:No Opinion
Price:1.88
News
17 Oct '14
Go to the company's official website www.kalimantan.com, then go to Investors and then go to Presentations. You will find the latest presentation. This sets out the program in admirable detail. However, the figure for cash (Canadian $ 0.7 m ) is misleading as it is as at 30 June 2014 and does not mention the current liabilities or provisions for which cash has to be set aside. I suspect that net current assets are currently below USD 300,000 and that significant fees are coming up for the two listings and transfer agents, then the annual audit fees etc. So there isn't likely to be much left for the exploration and other program costs estimated at up to USD 5 million. Also unclear is what the terms of the renegotiated KSK CoW might be and at what point management would know for sure that the extension of the Exploration period to April 2015 will actually be confirmed. Likewise the Jelai exploration license runs out at the beginning of June 2015. So not much cash and not much time. No explanation how management intend to jump these hurdles.
fortunaiuvataude
Posts: 96
Question
Opinion:Buy
Price:1.80
Any news
17 Oct '14
would KLG management be kind enough to update investors on their future plans ?

It would be helpful the be kept in the loop!



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