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I think the key points here is that they are not bust, placing shares haven't gone to shorters/flippers and there are only 244m shares for the market to play with cos the new shares are locked in for 4 months.

On a positive RNS there will be no offer. The only way to make proper money out of this one is to load on dips like this cos you will never get a decent position on a move.

Any thoughts guys?

Worth a listen today. Pretty bullish. But remember even without new news and developments they still have have NAV of 4.5p.

Ruffer have sold down to zero. There should be an RNS on Monday to confirm this.

I think this RNS and the twitter following of Doc Holiday puts Kolar on people's radar. They have cash more than this market cap. They have an existing gold investment in India worth twice this market cap (see last RNS). The project that the RNS refers to gives Kolar substantial blue sky over the current NAV of 4.5p

On reading the last RNS, their investment in GMSI was valued at £2.83m & they had cash of £1.97m as of 30th March. That equates to 4.5p a share

Nice rise today. Any thoughts?

17m have crossed at 4p !!!!

Someone just bought 11m at 0.36. Any ideas?

Have a look at the recent Holding in Cos and the placing announcement - looks like 85% controlled by the management. Could get very squeezy

This is a transformational deal. In any case, until June 9th there is no real seller cos the placing shares are not active, a bit like in NEW

They have upped their stake - what do they know ???

Sinarmas Plans Formal Offer for ARMS This Week, Adviser Says 2015-04-16 07:41:49.144 GMT By David Yong (Bloomberg) -- Sinarmas-backed Asia Coal Energy Ventures plans to make takeover offer for Asia Resource Minerals this week, adviser Neil Passmore, CEO of London-based Hannam & Partners says in phone interview. * ACE indicated 41p/share offer for ARMS on April 14, hasn’t been able to discuss offer with ARMS, he says * Sean Wade, a spokesman for ARMS and Berau in London, declined to comment * Offer is purely “financial and commercial” and funded predominantly by Sinarmas and HK-based hedge fund Argyle Street Management: Passmore * Existing offer gives Nat Rothschild control of ARMS without paying the “control premium": Passmore * ACE/Argyle don’t have enough votes to defeat the Rothschild plan on April 22 and are ‘‘feeling positive’’ with ongoing talks with Stanchart, Raiffeisen and other shareholders: Passmore * Sinarmas sees value in Berau Coal and plans talk with bondholders: Passmore * Sinarmas’s history is a ‘‘minor issue’’ to bondholders and not a hindrance, has ‘‘behaved well’’ to investors providing capital to the group in recent years: Passmore

Yesterday, just after the close, Bloomberg reported an interview by the CEO of Hamman & Partners. They said that the formal cash bid would be rolled out before the end of the week. This will be Ian Hamman's most high profile deal since he was kicked out of JP Morgan and fined large by the FCA for alleged market abuse. He has to make this work otherwise his reputation will be in tatters. In reality this is a small deal for him to prove himself before the big ones like RIO/GLEN etc. I just don't see this bid not happening

Nice RNS just out as well

Massive print yesterday at 0.972 . Looks like the seller that has been leaning on these has been cleared. Low market cap and shares in issue so might have a decent run

There are only 86m 'old' shares. The remainder 'new' shares from the placing will be held by people made an insider if there is a RTO so they can't deal. The share price could really motor cos of a small free float and small market cap.

Is this going to be the next TEA ? Market cap below 1m and tightly held

Ups his stake by c4m shares to over 18%