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EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect Watch Here

EXCLUSIVE: Aura Energy #Aura to IPO Swedish Vanadium prospect


Kalimantan Gold Share Chat (KLG)



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Share Discussion for Kalimantan Gold


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MY21
Posts: 12,030
Opinion:No Opinion
Price:1.12
The share price fall
29 Jul '15
Is not only due to poor sentiment towards Commodities at the present time and worries about aggregate demand from China for the rest of 2015; it is also a reflection of falling Copper spot prices in the past 2/3 weeks although ; it was actually up this morning.

Nonetheless; the investment community will wake up when the Resource Upgrade is announced at some point end of August/Early September hopefully as Market Cap. of £6m does not reflect the intrinsic NAV of KSK let alone other elements.

In essence; the current valuation offers little down side risk in terms of risk/reward on a 12 months time horizon IMHO.
 
ATISHA
Posts: 3,551
Opinion:No Opinion
Price:1.12
Don't Think
28 Jul '15
That the fall was peculiar to this, look at the number of mining companies which fell today, couple that with the Chinese Market falls and slowing down of demand for minerals. Also add the herd mentality.
Caldecott
Posts: 863
Opinion:No Opinion
Price:1.12
Today's interview
28 Jul '15
Tony Manini's Aussie baritone oozes a "trust me" gravitas. The interviewer didn't bowl him anything unplayable. TM batted all questions away with elegant cover drives through to the boundary. In short: Jelai for sale, Beutong for later, KSK for now. Nicely nuanced coded language too. Cash strapped? No, just needs to deal with "the capital component". Tenure problems at Beutong? No, just needs "de-risking". Etc. Anyway, not hunkering down for survival. On we go.
MY21
Posts: 12,030
Opinion:No Opinion
Price:1.12
Today's Interview with CEO on
28 Jul '15
Proactive Investors is very encouraging as he sets out the rationale behind the name change whilst fleshing out the new strategy of the company going forward.
Miller1972
Posts: 11,011
Opinion:No Opinion
Price:1.15
Caldecott
25 Jul '15
Joking aside, your are right. Asiamet resources better reflects what the current KLG is going after. Unfortunate that the ticker name is ARS! A name change is usually a positive thing.
Caldecott
Posts: 863
Opinion:No Opinion
Price:1.15
Asiamet Resources Ltd
24 Jul '15
... is a good name. The CEO's latest message touches on all the right themes. It's all about execution over the next twelve months. The 2Q 2015 financials will show whether corporate costs are being contained. Beutong is all about securing tenure. Jelai - well who knows really what the prospects are? As for BK investors will have to await the results of the scoping study next year. Tigers Realm need to continually demonstrate and emphasise the ongoing commitment and determination of the management team especially as Tigers don't seem to be contributing cash. The reverse takeover was at the time perceived as a marriage of two cash strapped businesses. Nothing much has happened to contradict that view.
Miller1972
Posts: 11,011
Opinion:No Opinion
Price:1.15
also
24 Jul '15
probably a good move by KLG to get away from the GOLD association in their title. Sure, gold is no longer the prime focus here, but this article doesn't make good reading on gold.

http://www.bloomberg.com/news/articles/2015-07-24/hedge-funds-hold-first-ever-net-short-position-in-gold

However some are predicting a turn around for gold in 2017. Maybe KLG should change their name back from ARS to KLG in 2017?

Really not sure about the prospects here now as a longer term hold, and maybe just a short term hold/trade when the overhang is clear and volume picks up again. Would expect some kind of action here before mid to late August with that resource upgrade coming. However, recently miners releasing decent results and getting trounced, so having to downgrade my forecasts here for the time being. However, KLG making all the right noises recently., just not being appreciated enough by the markets.
Miller1972
Posts: 11,011
Opinion:No Opinion
Price:1.15
Think the CEO
24 Jul '15
mentioned in a recent interview of hopes for copper prices to pick up in 2-3 yrs. Seems it could be a bit longer than that. Just an opinion, but have to take notice.
Miller1972
Posts: 11,011
Opinion:No Opinion
Price:1.15
KLG
24 Jul '15
I was hoping for a re-bound or at least a pickup in copper demand and prices in the next 2-3 yrs. This article seems to suggest otherwise and perhaps another 5 yrs until copper rises above it's marginal cost. These kind of forecasts, along with recent markets may explain why KLG is failing to move up SP wise, apart from the recent placing which is creating an overhang. Have noticed on the last 2 RNS's that it's failing to attract interest at the moment. Will be interesting if KLG can turn things around late August/early September with their resources upgrade.
Here is the link:

http://www.cnbc.com/2015/07/24/copper-faces-long-bear-market-goldman.html
Miller1972
Posts: 11,011
Opinion:No Opinion
Price:1.15
Maybe
24 Jul '15
they should have changed their name a few weeks ago as gold is getting dumped. However, to be fair, this is as the RNS states, primarily a copper and NOT a gold share. Anyway, knew the name change was coming, but can't say I especially like the new name. But, it does reflect the company better than KLG. I too think ASR would have been better than ARS LOL
Rollthediceagain
Posts: 487
Opinion:No Opinion
Price:1.10
RE: rns
24 Jul '15
Lets just hope they don't dump, or blow hot air on holders.
glenalmond
Posts: 1,614
Opinion:No Opinion
Price:1.10
LBOW
24 Jul '15
Blimey, if ARS can trade like them, I'll be happy!

http://www.lse.co.uk/ShareTrades.asp?shareprice=LBOW&share=icg-longbow
glenalmond
Posts: 1,614
Opinion:No Opinion
Price:1.10
RE: rns
24 Jul '15
Well, I don't really know my pantat from my keldai but ARS?

Really???

Someone's either having a giraffe or hasn't thought this through properly.

Why not ASR?
knicol46
Posts: 16,929
Opinion:No Opinion
Price:1.18
name change
24 Jul '15
I'm sure all investors were happy with Kalimantan Gold name
Ezhik
Posts: 3,305
Premium Chat Member
Opinion:No Opinion
Price:1.18
rns
24 Jul '15
Lets hope they can distinguish btween their ARS and their LBOW
Caldecott
Posts: 863
Opinion:No Opinion
Price:1.18
MY21 - Thanks ...
23 Jul '15
... that's very encouraging. It sounds as if you have practical experience with copper mining. Considering the alternatives available to mining companies - for example all the as yet identified but as yet unexploited ore bodies in AAA territories - is it these days likely to be worth their while to invest in the construction of a small to medium sized copper mine in the heart of the Borneo jungle? Or would it have to be a significantly larger resource to make that worthwhile? Presumably downstream capex and power costs will feature prominently in any feasibility study. Grateful for your thoughts.
MY21
Posts: 12,030
Opinion:No Opinion
Price:1.18
My take on today's RNS
22 Jul '15
KLG remains on track for a new resource estimate in calendar Q3 and a completed PEA during calendar Q1 of 2016. With near-surface copper grades like these, I think that it is increasingly likely that an SX-EW copper deposit of significant size, with attractive potential profit margins is shaping up, even in this very low copper price environment.
myfirstmillion
Posts: 359
Opinion:Strong Buy
Price:1.18
correction
22 Jul '15
£9,400 was what I meant! lol where did I get £14,000 from!???
knicol46
Posts: 16,929
Opinion:No Opinion
Price:1.18
£9400 buy trade earlier
22 Jul '15
very good
myfirstmillion
Posts: 359
Opinion:Strong Buy
Price:1.18
Overhang
22 Jul '15
£14,000 trade looks like a buy to me. Overhang will clear soon..
knicol46
Posts: 16,929
Opinion:No Opinion
Price:1.18
£6820 buy
22 Jul '15
trade on the table
knicol46
Posts: 16,929
Opinion:No Opinion
Price:1.35
positive Array results
22 Jul '15
"Kalimantan Gold is on track and very pleased with progress to date on its 2015 Mineral Resource evaluation program at BKM. Drilling results continue to meet our expectations with good grade copper mineralization consistently intersected at shallow depths potentially amenable to low strip ratio open pit mining. These features of the deposit when combined with the positive initial results from metallurgical test work being undertaken to assess the potential for a heap leach, SX-EW project producing copper metal, are considered highly promising. While extensive work remains to compile all the inputs for a PEA (Scoping Study), the operating team is performing exceptionally well and continuing to deliver to quality, quantity, time and budget. We look forward to keeping all stakeholders progressively informed as additional results from this exciting program become available".
myfirstmillion
Posts: 359
Opinion:Strong Buy
Price:1.18
RNS
22 Jul '15
Another positive rns today re. further assay positive results.
Miller1972
Posts: 11,011
Opinion:No Opinion
Price:1.18
RE: Miller1972 - share price
21 Jul '15
Hi Caldecott. Not currently in as stated a couple of weeks ago. Moved money just below my buy in price to lose nearly 30% down on another deadbeat share! Would have been better off here, just losing nearly another 10%.
I had high hopes for a SP between 5-7p later in the year, but considering what I've been witnessing on AIM as of late, really can't see this in the current market. Last news was positive, but failed to do anything. Not sure I could risk larger amounts in here on the hope of a good resource update late August/early September. If and when i have more cash, will watch this one for signs of a pickup, or just be much more moderate in my potential buy(s). No quick fix shares out there right now and not like last year when KLG saw a 900% rise in 2 days. Simply won't happen this time around, sadly! No idea what SP predictions for this one now. Just a case of watch and be vigilant. Most here don't expect another fundraise/dilution this year, so hope that is still the case.
Caldecott
Posts: 863
Opinion:No Opinion
Price:1.18
Miller1972 - share price
21 Jul '15
For what it's worth I am not expecting much movement in the share price until the many remaining unknowns become knowns. First and foremost you have to believe that a copper mine will be built in the jungles of Borneo. Until the results of the scoping study are published investors are pretty much in the dark. News on geology, metallurgy etc. don't seem to propel the share price, anyway not for long. We simply don't have enough information at present to produce a reliable forecast of how much further existing shareholders will be diluted - and if you don't have that you can't predict with any certainty in what direction the share price will move up or down or by how much. All it is reasonable to hope for at this stage is that right decisions are made by management at all the crucial moments, costs are kept trim, tenure and permitting meet with green lights all the way, copper comes good at the right time, etc. I don't envisage a repeat of the sporadic peaks and troughs in the share price. Or that the market will in the blink of an eye re-rate the stock. But then I have no experience with micro caps.




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