Member Info for Dibs61

Middle of this year??!! A minimum then of another three and a half months. Or what does 'middle of this year' really mean? June? August? Seriously, this is a bloody joke.

Is also why Paul Johnson is here I have no doubt. For those unaware an RNS was issued after market close last night stating Paul Johnson of MTR has increased his stake in Kolar to just under 4% He specialises in undervalued resources stocks. He, no doubt, would've done research/DD before investing here. This we can recognise as a big endorsement of Kolars potential as a speculation on huge potential gains through exploration and realisation of the BGML position.

There is no 'desperation' to raise capital. It is well known and documented they have sufficent funds for the remainder of this year. As has been stated before cash burn is v low. As for the share capital construction it's not difficult to change this by way of shareholder authorisation. So it would require a meeting. That's it. You're showing a great deal of interest here for someone who's not interested in this kind of investment. It is speculative, of course, but the most profitable investments always are. I posted research last night which demonstrates the colossal potential here. That's why I am here.

Mark Creasy is a major shareholder in Australian Indian Resources (AIR) NOT Deccan. He is however a Consultant for Deccan who have close connections to GMSI. AIR are a major shareholder in Kolar Gold. Anyone unaware who Mark Creasy is I suggest some research. Join up the dots.

The Jonnagiri drilling programme has been undertaken in a known geological area of Archaean greenstone. It is remarkably similar geologically to the Yilgarn Craton in W Australia which is Australias TOP Gold province. I really don't think some people have grasped this yet. In fact most are blissfully unaware. Why would the Indian government hand a Mining Licence (which is VERY rare in India) to GMSI for Jonnagiri and why would a relatively small exploration company like GMSI be undertaking a very substantial a 15k+m drilling programme with the associated cost if they didn't anticipate a good outcome. http://www.ga.gov.au/webtemp/image_cache/GA18908.pdf I repeat Jonnagiri is known to be very similar geologically to the Yilgarn Craton Archaean greenstone Gold system in W Australia. Suggest people go away and find out how much Gold deposits there are in the Yilgarn Craton and why is the TOP Australian Geologist Mark so involved with both Deccan (as a major shareholder) and GMSI (as a consultant). DYOR

"I confess that something doesn't feel right about MTR or Paul Johnson" Elaborate please. You didn't even appear to know who the guy was in an earlier post. He is the CEO of Metal Tiger which is a natural resources investment company. I have seen or heard nothing to suggest there is anything untoward about this person or company. My own thoughts are that he has invested his own money and, at his level, has done DD and spoken to Kolar management, quite probably has an ongoing dialogue with them.

Just look at the various gold prospects in both theirs and GMSI's portfolio + partners http://www.kolargold.com.au/pg7/consortium-structure/

Paul Johnson of Metal Tiger increases his personal stake in Kolar to just under 4%

But the bid has just tightened a bit again. Interesting.

Fair enough, I'm aware we knew they were due but no confirmed date. Be happy to attend the AGM if possible. Looking at today we've suddenly had a small flurry of chunky buys and price at a new high. Things certainly look good here.

Good balanced article by Sharps Pixley on the Indian Gold Mining Sector. Kolar gets a mention: http://news.sharpspixley.com/article/lawrie-williams-india-looking-to-resurrect-its-gold-mining-sector/238939/

MM's using the lack of buyers today (for the first time in over a week) to push the price down on very much lower volume. A handful of sells resulting in a 11.48% drop. Such is the way. Nothing has changed. A few nervous holders flushed out and the MM's get a small replenishment on their books. Still the undervaluation again becomes more marked. 4p.

Above the quoted Ask @ 1.60 This seems to be strengthening...

Excellent post Daisan and well reasoned. Recommended. I suspect overall it is your belief that the gold price will continue to rise that will sustain your interest here. It's all about ones attitude to risk and ensuring you diversify sufficiently so that no one stock can kill you.

This is worth keeping an eye on from a PAL perspective…. SD are positive on HCS. http://www.simedarby.com/media/press-release/sime-darby-plantation-to-trial-high-carbon-stock-methodologies-in-liberia

"In this business (the gold stocks sector) you’re either a contrarian or road kill. I don’t mean timing exact tops and bottoms – no one can do that. I mean spotting the trend and betting on it when others are not so you can buy low to later sell high. If you chase momentum and excitement, if you run with the crowd, buying when others are buying, you’re guaranteed to lose." Thats what I've done here. I've bought low and sat and waited. When the herd are here and these pages are bulging with c*ap I will be gone.

Hi Daisan, credit to you for doing some in-depth research on Kolar. So many people are lazy and don't bother to research, just relying on the gossip and opinions of others or their own inbuilt prejudices. On the whole, your research is very sound and accurate with just a few points to pick up on or correct. Cash burn is definitely NOT high. Indeed it is extremely low. Kolar has always managed its cash prudently but even more in response since the gold sector has worsened. A recent example of where they have looked to pare costs was late last year by moving main office. Losing two board members: why is this a negative? It was a strategic move to save money. Spencer going will save them more than £250k a year and how much value had he brought to shareholders? I think having an Indian heading the company now could be helpful and he immediately took positive action on Spencers departure viz a viz strategic review. Spencer, you could argue had just sat on his hand, total inertia. GMSI ultimate resource target is specified as 2-5m ozs + Kolars own licences ultimately targeting 1-10m ozs making Kolars share (at current stake) more like 500k ozs to 1.25m ozs on GMSI alone. That on its own would make the current SP valuation ridiculous in the extreme. Indian bureaucracy - yes it has been very slow, but as we can see from recent developments, for example the mine auctions now in progress things are now on the move. I am convinced that the much higher gold price and the new bull market will be focusing some Indian govt minds a bit more closely on the sector. Raising finance - there are two factors which will make this more favourable: Firstly a rising and stronger gold price - this WILL attract foreign investment into the sector Secondly, as you did point out, further positive developments with both GMSI/Jonnagiri + BGML.

Cool, though I'm a little surprised they disclosed that information to an individual investor before the market was told. You could say that's market sensitive information. That said, big big week this week for Stilo. Hoping for good results and a very encouraging outlook.

Timeless has confirmed correctly. £700k cash + 23%stake in GMSI As I have stated company now valued at about 35/40% of book value. In a gold bear market that can happen but in a gold bull market it is likely to correct itself imho

They have forward sold 30,000 ozs @ $1129 per Oz for January -June 2016. Remember though forward guidance for total 2016 production is 82-87k ozs. So just over 30% hedged. That said if they manage to claw similar size grades out they did in Q4 2015 they might well exceed the guidance figure.