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Dibs - why has your posting style changed about what KGLD are doing when 6 months you and I were posting completely upbeat, oh thats it you got your exit point and now bashing to get another entry point Poor form as you we're the only one here underwater when I joined at .75 and between us the price rose to 2.75 VERY disappointed from you as that appointemnt fits well with the strategy and you quote what you did You'll find the fat pig in the trough was Harvinder the ex CEO and so we removed him Dont let the facts get in the way eh ?
M. Hanuma Prasad, aged 51, holds a Doctorate in Geology and brings with him 22 years' experience in geological survey and exploration within the mining industry. Dr. Hanuma Prasad worked with the Geological Survey of India for eight years in geological mapping and mineral exploration projects. He has worked as a geologist across multiple territories around the world, including the Archaean greenstone belt in Eastern Finland near to the location of Kolar's Finnish joint venture. In addition to his geological experience, he has been hands on throughout his career with feasibility studies, business development, project due diligence and corporate strategy. Dr. Hanuma Prasad is currently Chief Executive Officer of Australian Indian Resources Ltd, an India focused Australian multi-metals group that established Geomysore Services (India) Private Limited ("Geomysore") - a leading exploration company in India and of which Kolar Gold currently owns 22.31%. Dr. Hanuma Prasad has been working with Geomysore since 2001, initially as exploration manager, and currently as technical and strategy advisor overseeing, together with the board of Geomysore, the feasibility study under way at Jonnagiri. Cameron Parry, CEO of Kolar Gold, commented: "We are very pleased to welcome Hanuma to the board of Kolar Gold. He has very impressive technical and industry experience that will be of great benefit to Kolar. His appointment reflects our strong working relationship with Geomysore and strengthens Kolar's board in preparation for the next phase of the Company's development."
Someone else with their head in the trough now
ved?india
Which is basically what I was saying several months ago! However, whilst India is horrible from a mining perspective, it certainly is a country where some businesses thrive. IT is an obvious example. The jury is out on the gold platform being set up here but the concept at least seems appropriate and well timed given the resistance likely to come from the reduction in notes (these processes are generally considered authoritarian although a cashless society appeals). I actually think that the gold property in Finland has promise and would like to see what comes out of that. In what way do you believe that the market smells a rat Dibs?
You know and I know that India is a terrible place to try and do business. Face the truth. That's why they're trying to diversify geographically. But it looks to me, from the SP, that the market smells a rat.
It's someone we know who needs the cash for another placing You don't sell at its weakest point unless you needed the money specifically Any LTH unhappy would of sold ages ago as the 3 updates have enhanced the roadmap not the opposite The weakness is an excellent entry point http://m.thehindu.com/news/national/4000-kg-of-gold-sold-in-just-2-days/article9362445.ece
Yes looks like it Gave me a chance of a little 2.5k top-up Spread will probably widen again now the seller is done
One of the LTH's here losing patience? It happens...
According to today's FT, Indians are rushing to buy gold because of the Rs 500 and 1000 notes ban.
India's ban of cash notes is part of their Fintech super-strategy to force the population onto digital payments ow.ly/Oa6I306bQTX #gld
The week we announce our JV in India the central bank of India bans Rs 500 & 1000 notes. ow.ly/dISO306093c Good decision to own gold.
China dumping worthless dollars & buying Gold bullion..!! #GOLD
Confirmed in the KGLD Twitter Group that the £14k trade is a buy and other top ups
Allocated gold platforms are being viewed by some as the new Swiss bank accounts. Interesting article in Bloomberg. Nobody understands what TRAC does but I do
"In the three months since the new management team has been in place, Kolar has set out its corporate direction, completed its operational review, and implemented its threefold strategy. Kolar has strengthened its business relations with its gold exploration partners in India whilst seeing the resource at its most advanced project materially increase, it has diversified jurisdictional risk and project potential through our joint venture in Finland, and created a new opportunity with the Company's background in gold and India through our Fintech initiative. We look forward to continuing Kolar's rapid progression and providing further updates soon."
I've been waiting for this and it's here Wait until this is absorbed
An interesting deal although not quite the one I was anticipating. From a strategic point of view the deal makes sense. It will be interesting to see how much traction they get as the company being invested in is an unknown brand (hence the very low valuation placed on it). Brand will be significant in what they are trying to achieve rather than just the technology platform per se. Still, interesting. Now about those Indian gold assets.....
Revenues in 2017 -great news
· Kolar Gold has secured the final part of its threefold strategy through initiation of financial technology ("Fintech") JV for India and strategic equity position in Fintech JV partner; · JV using proven and established web-based application that enables people to directly own, store and trade physical gold and silver ("Online Platform"), to be adapted for the Indian market; · India has a population of 1.25 billion people and is the world's second largest consumer of gold bars/coins and gold jewellery (195.8 and 668.5 tonnes respectively in 2015); · Strategic stake in TRAC concurrently acquired to align interests and compound potential upside from JV success in India whilst maintaining access to other markets; · TRAC currently stores, on behalf of its clients, over 120kg of gold and in excess of 4.3 tonnes of silver, across vaults in London, Geneva, Singapore and Hong Kong. · India-focused Fintech product able to commence revenues in 2017; and
Kolar investor presentation in London next week on 3rd November http://www.eventbrite.co.uk/e/miningmaven-investor-evening-with-kolar-gold-lonkgld-ortac-resources-lonotc-and-eurasia-mining-tickets-28223342778
KGLD sit on 1m of tailings
Today's article is at vccircle.com