Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Initial target from the Finland mine for 2017 is RNS: "100kg (3,215 oz.) of gold being produced in 2017 from initial target" 3215x $1200 = $3,858,000 Kolar has the right to get an interest of up to 50% or the mine. Sounds very good to me. I will be holding all my shares for the foreseeable future.
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Launch of Operational Review with Cameron now as CEO, focused on Existing Exploration Interest and Various Pipeline acquisitions. GMSI: Feasibility Study by September for East Block mine (Possibly East Block open pit gold mine to be up and running by 4th quarter 2017 producing 15,000oz per year) GMSI: Possible listing on Bombay stock exchange KGLD interest in GMSI valued at around �3,050,000 KGLD has net cash of around �900,000 from the placing and also some of the �531,000 cash the company had on 31st March 2016.
Just bought some more at 1.325
www.kolargold.com.au/ Some nice photos on the company website of : One of the main tailings dumps at Kolar Gold Field and Kolar Gold Field mine site (On the home page at the top) Also some interesting maps etc on the geology section.
Although it looks like there were lots of sells on Monday, some or all of the trades at 1.3385 were in fact buys. I know this as one of them was my buy and the spread quoted at that time was 1.3 - 1.4
all resolutions were duly passed!
I agree, there seems to be very little shares available. I am very interested to see what plans Cameron has for the company. The Metal Tiger option agreement is also interesting and I think, gives a good idea of where they think this share price is heading in the next 8 months. From MTR RNS on 12th July: Metal Tiger has entered into an option agreement for a fee of US$25,000 to acquire a further 9,000,000 existing Kolar Gold shares from its current largest shareholder, at a price of 3.5p per share exercisable on or before 7 March 2017.
Just noticed from Kolar RNS today: 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.
500,000 ......nice!
I dont agree with oldfool. Post away GW........nothing worse than a bb with no posts. I share your enthusiasm this morning, as I bought a few earlier at 6.4725 and very happy to see 7p.
I've been watching this company for a few weeks and bought some this morning. Seems to be making good progress.
Still got a large holding here Just look in on the board every now and then but appreciate your posts. A good company making a good profit with great potential. Share price should be higher in my opinion.
Totally agree. I added recently. It is just a question of waiting for sales to snowball, which should happen as I see they are booked to attend several trade forums/events over the coming months. Terrific potential here. A market cap of say £100m could look very cheap in a couple of years time. Results and briefing next Tuesday, it will be very interesting to see what they say.
Looks like a good fit and $2m is small change for a company the size Juridica.
By Jonas Crosland, 12 September 2013 One way to possibly reduce risk and still capitalise on rising trends is to identify stocks trading on Aim with a business model that is on much the same line as the bigger cousins listed on the main market. One obvious example is housebuilders. During the financial crash, most, but not all major housebuilders were obliged to ask share holders for more money through rights issues, while a good number of smaller builders simply went bust. But times have changed markedly, and prospects for companies like newly formed Trafalgar New Homes (TRAF) look promising. Driven by chief executive Christopher Johnson, who has over 40 years of experience in the housebuilding sector, Trafalgar joined Aim in July, and targets modest-sized development sites in the home counties south of London to build up to 20 homes per site, with sales prices typically ranging up to £750,000. There are two key advantages to this approach. The first is that the big housebuilders won’t be bothered with such small developments, so there is less competition. Secondly, most of the sites are too small to be snared by auxiliary obligations embraced by Section 106 - typically this means that the builder has to make some social contribution such as providing play areas and so forth. Costs are held in check because all the design, planning and build process is outsourced to third parties on a fixed price basis. And building land is acquired through the auction process, with leads coming from industry contacts built up over the years. Funds are raised through a number of banks, but are site specific, with typically 60 per cent of land cost and 60 per cent of build cost borrowed, with the balance provided through the company’s own resources. Adjusted pre-tax profits in the year to March rose from £500,000 to £618,000, and are forecast to nearly double this year to around £1.22m. Net debt stood at £7.98m at the year end, but as developments are completed and sold, debt in the current year is expected to fall to around £2.7m. And after settling from the sharp gains following the flotation, the shares have nearly doubled to 4.1p. True, the shares are tightly held, with Mr Johnson holding around 81 per cent, but the rating of just 9 times forecast earnings is around half the average for the house building sector, while a maiden dividend is expected next year.
Partial settlement of portfolio case generates US$12.5 million return As a result of today's announcement and in anticipation of possible further returns before the year end, the Board will consider the declaration of additional dividends by the end of the year. If made, such sum would be not less than 4 pence per share in addition to the 10 pence per share (or approximately US$16million in aggregate) announced on 4 July 2013 which will be paid on 15 January 2014 to shareholders on the Register at 13 December 2013.