The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
yep,defo high grade stuff,wish theyde added the other odd 40+ of data. in a quartzzz ore body.
Moved up initially and back down. Not sure whether people understand the significance. The new CEO has clearly shifted the strategy and is delivering on it. A move away from the moribund Indian direction was the right call and you have to take your hat off to him. It looks like the next few months should see some interesting movement.
should move today on that
17m warrants can only kick in at that point which means they need to see well above that for value 6.6p is CP's remit and so off to a flyer with more to come
CP Delivers, just the start for tranforming KGLD. Teams out in India next week, perhaps to add more stings to the bow!?
Sorry. I couldn't resist. But you have to say that the grades are decent in this over reasonable widths. No resource currently so it is a bit of a gamble but worth a punt by Kolar.
This gold deposit has been on the radar for over 12 months with MTR and KGLD have bagged it Check out who MEN are via the work they've done for MTR and have proved up time after time This is a great news
dont start.lol.
Cameron Parry, Kolar Gold CEO, commented: "This is a defining deal that sees Kolar secure commercial and operational rights to highly attractive gold assets in Finland, providing exposure to a second jurisdiction, a cornerstone objective of the Company's corporate strategy, whilst we concurrently progress our interests in India. "Our new JV partners are well known to us and I am very pleased to have the opportunity to work with them again. It is particularly exciting that we now have the potential to generate cashflow from one of our Finland targets next year, helping achieve Kolar's fundamental business objective to build value, generate cashflow and mitigate risk. "Through this MOU, Kolar and its JV partner, shall jointly operate a new Finland-incorporated subsidiary company, of which, following completion of our minimum commitment for equity, Kolar shall own 28.3% with the option to increase to 50% by the middle of next year, just prior to the planned first gold production through bulk sampling."
Kolar Gold Limited (LON: KGLD), the London Stock Exchange AIM-quoted India gold exploration and mine development company, is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") to establish a Joint Venture ("JV") to develop gold exploration and mining assets in Finland. Highlights · Gold assets in second jurisdiction secured, to be developed concurrent to Kolar's existing interests. · Option for Kolar to earn-in up to 50% of existing gold projects in Finland through JV. · High grade targets within licences covering an area of approximately 24km2. · Potentially cashflow generative within 12 months via bulk sampling. · Upfront payment of €150,000 in cash and €150,000 equivalent in Kolar shares based on 14-day VWAP of 1.6p, seeing Kolar commence with a 15.4% JV interest. · Commitment by Kolar to provide an additional €350,000 in Q1 2017 increasing Kolar's interest to 28.3%. · Option for Kolar to provide up to a further €1m to be expended over 2017, to earn up to 50% of JV. · Subject to at least 100kg (3,215 oz.) of gold being produced in 2017 from initial target, 17m warrants exercisable at 3.2p each expiring in October 2018, to be issued to JV partner. · Traditional mining jurisdiction - politically and financially stable and secure environment.
On the face of it, this looks to be a deal with decent potential. The width and grade intercepts are good (note Troajan) and the buy in does not look horrendously expensive. The one caveat is the 'innovative' say in which they want to carry out additional drilling - by processing bulk material as part of the exploration programme. I don't recall seeing this recently and it could pay off as it would avoid dilution. However, it could also back fire and result in a funding shortfall. That aside, the deal looks to have potential and the new CEO has clearly brought this to the table. I would suggest they focus on this and back away from the Indian operations which have delivered nothing for years. They can still keep their 20% stake in the gold asset. It will be diluted but at least they get a free carry.
Bitter's better than mild..lots of froth here. I'm intigued how you can spot "bitterness" through text?! mind reading at its worst.. I'm in at 1.5p "mate"...I just can't stand inane ramping from thickos
You seem bitter why?
15k and 7k
CP very upbeat and new buyers will pay more than today's entry price but a measured flipper still about which needs to stop
I has to be something good.....have you ever seen an aim company flag a week of bad news?!
Kolar Gold Ltd (KGLD) Ordinary NPV Sell:1.60p Buy:1.70p +0.08p (+4.62%)
1.64 AND THEN JUMPS TO 1.70 Slighest buying pressure arrives its 2p breakout as I've seen it all before earlier this year that saw 2.75 We're in better shape now thats for sure
1. Indian update 2. Other non Indian gold play update 3. Gold Blockchain - fintech Either way with limited stock I'm looking forward to all 3 brought to market in their own time
Its time to buy Kolar Gold (@KolarGoldLtd) 10/10/2016, 08:40 Busy week coming up for #KGLD
Do us a favour go away as another £5k buy declared from the KGLD Twitter Group CP very upbeat and i expect news next week Indian update - fintech deal - near term gold opportunity Any of the above please
An unedifying 4/10 for that ramp, Classless, Your unswervbing servant, PettyCrass
As proven last week that very little buying pressure sees a big uplift So when news lands of a deal in fintech (MASSIVE) or a near term gold play then bingo ! KGLD out presenting tomorrow night and CP is uber confident
Is that because your inadequate to add real info here ?