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Where did you get your information on MKA? lol Excellent well researched post with lots of proof you posted regarding placing. #sarcasm On a serious note I think Kgld will move away from India. Or at least move most business away. I'm in for long term not few months. At this stage it's all about trust in a CEO to deliver. I think CP will deliver. Good start with Finland imho
Daisan, Interesting, I'm in two minds about GMSI. Potential but I like your point about having £3m cash instead of notional NAV. Lets see what CP decides. Seems they want to get out of india at this rate. Anyone know much about the JV company? And the licences in Finland?
Looking good here. Was 1.30 just a short while ago. Really strong buying Friday with little selling. Can't wait for some more news on what's been happening since new BOD and the new asset they mentioned. Wonder who the new chairman will be?
Timeless, All looking good here mate. Nothing technical (chart wise) I can see that will stop until 2p. All about fundamentals here. When do you think we will see news about a new asset, been hearing it could only be weeks. In any case extremely undervalued. Keep up the posts, I enjoy reading your stuff.
We done well today. Getting noticed by more and move people. Been in for a while now. Metal tiger option in 2017 at 3.5p!! New asset news due IMHO great interview with mining maven by CP. Future looking bright. Good luck all
Daison, Not to be rude mate but feel free to go onto investegate website, click on advanced search and search for "Myles McNulty" you should see some RNS's there where he has hit TR1. Also I was speaking generally. You can't just say head over to that board. What will I find there? I think the share price is doing the talking. This is extremely undervalued. Assets per share price vs price now is half. Big buys coming in.
Agree there has been some offloading but this is in my opinion just placing selling. They do it everywhere. Just look at MRS and how undervalued it is right now, placing sellers making their 15% and leaving. Ive seen many "sells" were actually buys as i regularly check the actual bid and offer. This has a weird spread sometimes. Last week a few massive trades one I think was 700k shares showed as sell but was a buy. Shouldnt read too much into every trade imho. This is undervalued at 1.45p. with assets worth around 3.5p. New CEO is a genuine man. The new TR1 holder doesnt loose money! All good signs. Just some placing sellers. Remember MTR has an option in march next year at 3.5p. Forgotten who the agreement was with will have to dig through the RNS's. Im in at a few entry points but i think my average is around 1.5p. Could have sold long time ago but this has so much more potential.
Dibs - lol not a problem thanks for replying. I might sway a little towards your opinion after having done some more reading. From what I've researched Kolar was in such a horrible state in terms of management before the most recent update. I think the update isn't anything to writ home about but it's a start. What I'm most excited about is the new TR1 holder. Some of his previous deals have been nice. Have you heard the latest podcast with mining maven. Was quiet a interesting listen. CEO cp seems like a straight talking guy with a clear plan. Looking forward to Q1 2017 for EFS to be done. What I want to know is why has the share price performed so poorly. Before and after metal tiger stake and new ceo?
Lots of offloading here today but some decent buying. £3mln market cap isn't much considering how inflated the whole market is at the moment. Even AFPO has a "value" with absolutely jack shite! Some research into where exactly Kolar are drilling and the new ceo CP, investment from metal tiger, and a new TR1 holder (if you check his previous deals he doubles most times) All added up we buy on the potential here. Buy after research and hold a staunch opinion that your research will pay dividends. Regarding some people posting about the latest RNS and just moving offices. Please read it again - Kolar was in a load of shit with cash burn at high levels and horrible management. Also if you believe that that's no progress and this is a rubbish company. Why post here? Maybe get a life and find a hobby? If you do not have an interest in the company why dampen for no reason. People have put their hard earned cash and believe this is a good investment. Discuss but no need to overdo it. Best of luck to everyone! Be nice!
Some nice movement on this Friday. We expect a TR1 notification. I think this is the last of the placing dumping and so we should see some movement up. Lots of news due. Drilling started. Some interesting points in the latest rns staying they are looking at new ops. Maybe we get more updates on what this means exactly. The best one for me is the tiny share float. A little demand and this will rocket. They also have cash and a proven gold reserves area of target. With gold at the prices it's a great place to be. With metal tiger investing and CP in charge all signs point north.
Just bought more here and the buys are not showing up anywhere... Big buying up before next move up according to the charts here.
Someone seems to be offloading these again and again. I think those in the placing. Looking for a quick profit. In the longer term I think kgld has a big opportunity, India is addicted to gold and the Kolar fields were only abandoned due to "low" levels of gold production. With kgld current market cap, the price has not even fractured in any gold production. A small discovery is enough to set this sailing at current gold prices ( since 2001 the gold price has gone 5 times the price) So low gold production then is a big money maker in todays gold price. Add all this to fintech prospects and this (long term) is a winner. DYOR