The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The Kalevala or The Kalewala (/ˌkɑːləˈvɑːlə/;[1] Finnish: [ˈkɑle̞ʋɑlɑ]) is a 19th-century work of epic poetry compiled by Elias Lönnrot from Karelian and Finnish oral folklore and mythology.[2] Folklore and mythology eh? Very appropriate!
Covered by Trader Tim this morning, decent update. Some good things to look forward to. http://buff.ly/2iSD6sZ
Looks very good to me. Already funded to take more of the JV vehicle.. Cameron Parry, Kolar Gold CEO, commented: "We are pleased to report that Kolar Gold now owns 15.4% of the newly established Finland operating company, Kalevala, with high grade gold targets within licences covering 24km(2) in central East Finland. "Should 100 kilos or more of gold be produced from our planned 10,000 tonne gold ore bulk sampling campaign in Q3 this year, Kalevala will generate material revenues, based on today's gold price with the potential for such sums to be reinvested into further exploration or the possible return of capital to Kalevala shareholders through dividends. "We look forward to progressing our work in Finland over the coming months and updating the market accordingly as we head towards our planned first gold production."
few of usual suspects..
you mean classic pump ?
timeless classic
Lol. Sounds pretty good to me Dibs. Undervalued, and it'll move fast when some decent volume returns. Quite clearly many drivers for that to happen soon.
Not impressed. Spivvy. Slightly arrogant. Aussie wideboy IMO.
Cameron Parry up first - so well worth a watch. Very clear that in his eyes the company is extremely undervalued, and is expecting a very bright 2017/18. Quite clearly confirms the bank balance too.... https://youtu.be/Ip0BD3Fp_fM
Dibs is wrong and doesn't hold he use to be a lonely figure here until I entered at .75 and proactive posting saw 2.75 in 55 days - great profits The SP hasn't dropped because of the latest RNS The share is illiquid and rises quickly as it goes down No drama for genuine holders and check the TR1 for proof Gold premiums in India soar to as much as 50% over spot as Bullion dealer's banks accounts are closed down Sit wait and reload
Both refer to my earlier post. The cash position is nowhere near as rosy as You are thinking at first glance. Much of that cash raised is as good as spent! Why do you think the SP Is struggling?
Not quite mate!!! 900k raised in July placement,and it's not showing on the results which only cover the year end account up to the end of June.
Timeless has been a bit tetchy here it's true. But also understandable as he's seen the SP sliding and I note it's beneath the placing price again. It's an unforgiving market. I don't agree with you completely over the cash situation. I don't think you counted the £900k (gross) they raised after year end. My assessment is that they probably have roughly £0.75m left in cash currently.' That's cashburn since June plus the €150k they stumped up for the Finland venture. That said they are committed to a further €350k expenditure on Finland in Q1 2017 and an option for a lot more later in the year. So there's no question there will be another cash call probably in early Q2 2017. All of this basically means it's not a buy for the foreseeable.
what a pile of craap, cash burn £1 million!!! on what? cash left £400k look out for the usual ramp and placing. I know what we'll do, buy another pie in the sky project, and invest a load of money in a mates business before we go pop and de-list. Timeless you look like a fool. but there again, you talked it up enough to dump your placing stock, no doubt you'll do it again. Should be booted of the aim casino ASAP
CP was on top of his game and so too our new arrival Modali Hanurma Prasad His experience ascross India as a real coup for KGLD Also CEO of AIR of which we have 22.31% in Its a perfect appointment and at these levels fully cash up its a great buy especially now Both got great applause on the night I'm very happy
At 1.12 this represents excellent value? 800-900k cash, 3.3 mil valuation on GMSI stake, and no value at all priced in for Finland or Fintech. Very illiquid so best to buy when quiet I guess I will be adding to my holding, Q1 this imo will not be 2.2mil mc but much more. Worth resarch, quiet time at the moment.
Haha do what you like I couldn't give two hoots. And it shows your extreme naiveity as an investor if you seriously believe any clearly plainly false comments on a single BB is going to influence a SP. once again oh dear... But I suppose I could respond in turn on you as it plainly puts the willies up you.... OR you could just choose to be an adult and accept that other people have opinions that you don't necessarily like
Delegate bookings for tomorrow night's event in Birmingham feat KGLD has been extended to allow for any late registrations: https://www.eventbrite.co.uk/e/share-talk-investors-evening-with-metal-tiger-lonmtr-regency-mines-lonrgm-kolar-gold-lonkgld-mkango-tickets-28740408335 Booking closes 2pm Saturday 26 Nov.
You have no credibility as a poster with you one liner upon the RNS is my point as I don't give two hoots about a faceless poster nor should you of me but that was poor form Again an incorrection - I'm no longer making a huge profit Serious investors don't wobble on weakness as 1.1 x £50k wasn't possible on the open market with warrants was it so the future is indeed bright You invest anywhere you want and so do I, I just hate posters making comments which are unfounded as you didnt even acknowledge where our new man has come from and its perfect The price to down here is on illiquidity which is fine as it'll rise way beyond your last exit as long term is a belter I know the seller and the reasons so again no hardship Remember the 2% I bought at 0.70 -.075 and so no hardship on my average at all My last communication but will seek you out on other shares and de ramp it - boot on the other foot
Told you Timeless was a brown-nosing twonker! Glad I was out at 1.8p
Timeless - oh dear dear allowing emotions to get in the way tut tut. I couldn't give a flying fig what your view of me is. It's entirely irrelevant and inconsequential. You most certainly did brown nose Harvider as your posting history reveals even if you got a little more impatient later on.... You do not know my trading history. Do not pretend you do. It's all guesswork and I see you make all kinds of claims whic cannot be validated though I do not question them. I accept things have turned rather sour for you here clearly. The price has dropped back to the placing level and it's clearly hurting. You can longer claim you are making a huge profit here. It may come good for you and I hope it does but I am not interested in this stock now except for the occasional observation. Much better prospects elsewhere short term at least.
Incorrect as I met the bloke and recommended a kick up the backside as my posting history says Like I say I meet all the CEO's I invest in and he was not the right bloke What they do have is a great potential asset and your opening post today shows your ignorance as you must not of read our new members CV I know the truth when you held here I needn't write anymore except you're two faced poster that I'll be aware of that and your last comment proved you bought with no research As for KGLD their in a far better place than when you were under water for months Glad I took 2% at .75 as per OO notices I just hate posters who once left post one line crap
Haha how hypocritical. You were fawning over Harvinder before he left. And now you change your tune completely and knife him in the back. All it proves is that we, as investors, can change (indeed must in certain circumstances) change our mind about individual companies. It's not a relationship, a loved affair old chap. You sound like a jilted lover. Betrayal etc. Quite laughable really. Oh and as for my comments about India. They are true, always were but why would I knowingly s*it on my own doorstep at the time? Get real matey.
Finally near enough to the summer placement of 1.1p....took its time,but maybe worthwhile a punt now .
Dibs- you invested in KGLD for ages when it was solely into India so where was your research and due diligence before you bought ? You can't post India is a terrible place after your investment exit it makes you look stupid As for smelling at rat what are you talking about as the recent sales are people I know who needed the money for an alternative placing Cameron Parry has delivered diversity when you invested Harvinder was doing nothing The investment case for KGLD is stronger than before and more TR1s have arrived since Very poor form and a flawed posts of late