Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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“Investor inclination in startup funding is evident in the swelling number of angel deals from 370 in 2014 to 691 in 2015 and investments increasing multi-fold from $247 million in 2014 to $1.5 billion in 2015.” Evidence of the growing interest in Indian fintech startups can be seen in the recent round of fundraising by a new credit score advisory platform CreditVidya which attracted more than $2m from Indian venture capital firms.
http://www.cityam.com/243841/blockchain-could-soon-settling-gold India has the largest appetite in the world for gold CP at MTR knows this sector
Sticky investors too as well as MTR and ONZ Metal Tiger PLC (LON: MTR), of which Cameron Parry is a Non-Executive Director, has undertaken to subscribe for £200,000 (18,181,818 Placing Shares) in the Placing. Onzima Ventures PLC (LON: ONZ), of which Luke Cairns is a Non-Executive Director, has undertaken to subscribe for £30,000 (2,727,272 Placing Shares) in the Placing.
Digests the implications of today's RNS's this will move ahead strongly - placing price is irrelevant - option price is very relevant - 3.5p - nice
I was wrong to presume that the SP will drop to the placing price....you very rarely see this sort of reaction on AIM to such discounted placing. Well done holders.
Cameron will ensure value delivered and we also have Fintech mentioned in the RNS. This blog indicates the potential. https://quindellecho.com/2016/03/09/kgld-an-investment-opportunity/
Cornerstone investor, Metal Tiger plc (LON:MTR), has agreed to invest £200,000 in the Placing and acquire 18,181,818 new ordinary shares (equivalent to 9.4% of the enlarged share capital of the Company); Look at all the MTR investments cases and they don't choose bad ones And they have their own man here so even better
Delighted that the FINTECH arm of KGLD has Cameron Parry who's been in the game a long time Indian Gold + gold platform = the blockchain And no one understands it but they will I will slowly fill in the gaps and that 1m buy is a signal
This is now primed to get to reat value £900k fundraiser is no mean feat and confident placees The fintech side is what will drive this forward as people begin to understand it I posted here 4 months ago that Harvinder needed a FINTECH partner and now we have Cameron Parry ex Coinsilium and blockchain innovator GOLD + FINTECH
This morning -someone's confident - just like me
People. Temporary drop - normal service will resume by close today (IMO). i sold out of KGLD, for a small profit, to invest elsewhere the other day. Were it not for needing funds, i would still be more than content to hold here. GLA
It'll drop nowhere near the placing price as MTR are here Read the RNS and read the detail
Indeed MTR have done their DD and everything they invest in goes up I've meet Harvinder so I know what I'm talking about and it's a kick up the backside the company needs and MTR are the ones to do it Read the RNS and take note of last weeks too This share I've been involved with since before Xmas and now their last high of 2.70 will be exceeded £900k is a huge sign of confidence FINTECH CALLING AND INDIA IS MASSIVE AND ON THE FRONT FOOT
Expecting big drop today to close near the placing price.....YET, an opportunity to buy with hopes for recovery in the next 12-24 months. typical AIM risk/rewards story.
MTR will have done all due diligence, checked KGLD out, and decided to invest. Potential here has been recognized. MTR will be providing funds ( so no AIM fears of placements ) and expertise. Oh, and your right, I'm an MTR fan and you're now on my watchlist!! Gonna be a good day, and brighter future, GLA.
I know that it will be suggested by some that this is an opportunity and clearing the decks before breakthrough news but it looks like the company is in disarray. If you look at things in a cold light this is a heavily discounted placement for a small amount to keep the lights on. They can talk of 'acquisitions' but they have been for some time and there is yet to anything substantial. Board changes, change of advisor. A bit of a mess. Of course, the fans of MTR will just invest because MTR are involved irrespective of the news.
Consolidation at present level before next news arrives and re - rate continues
gold in them thar hills
Nice to have a positive response to an RNS:):) KGLD) Ordinary GBP0.07 Sell:1.65p Buy:1.95p + 0.33p (21.67%)
Was 30p at its height. tiny mcap. looking to be 1st gold miner in India. Massive local market, probably biggest on the planet. Indian investors are canny wouldnt be in this for a small return
Kolar Gold Limited Funding for further drilling and completion of economic feasibility study by GMSI approved at EGM Further to the announcement issued by Kolar Gold Limited (the "Company") on 6th July 2016 regarding the proposed US$2.4 million investment by Thriveni Earthmovers Private Limited into Geomysore Mining Services (India) Private Limited ("GMSI"), the Company is pleased to confirm that GMSI shareholders approved the transaction at an extraordinary general meeting held earlier today and that all conditions relating to this transaction have now been satisfied.
great news funding approved. next stop 3p
should be at 3p and that attributes no value on assets. blue days ahead. moved quick previous cycles
in there for a year hoping for some profit now !