Newsflash for the Snoozers - Part 2

Thursday, 2nd July 2015 13:18 - by Moosh

Kalimantan Gold (TIDM: KLG) With the weekly upcycle open until mid-August 2015, the real market has ignored the recent KLG news flow, which included:

-          Completion of private placing (2 June 2015)

-          CEO share purchase (26 June 2015)

-          Strong copper results (11 June 2015)

The company has furnished the market with several pieces of news during an open upcycle – if the market fails to use this opportunity then it will be an opportunity missed and the market will have to wait for the next weekly upcycle to come along which is due at the end of November 2015. Investors often pester companies to release news, yet when companies like KLG continue to issue news, the market chooses not to respond. The market cannot have it both ways.

The fact that the price hasn’t really responded immediately suggests that KLG has very little long term investor attention and the spike behaviour of price movements since September 2014 obviously shows that the KLG audience has no attention span and consists of mainly traders who can’t hold for longer than a 0.2p rise. I would like to see how KLG will try to turn this situation around to bulk up on long term investors in order to attract longer term stability and price growth as the company continues to assess their Indonesian copper projects.

The Writer's views are their own, not a representation of London South East's. No advice is inferred or given. If you require financial advice, please seek an Independent Financial Adviser.