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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kolar | KGLD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.825 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.825 | 1.825 |
| Top Posts |
|---|
Posted at 20/2/2017 09:12 by paleje Early breakfast, Dan. I agree we're likely to get news soon and over the next few weeks, not sure whether it will be enough to save MTR's option fee, needless to say I hope it is:):-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. It is at Metal Tiger’s sole discretion to choose if it wants to exercise the option; |
Posted at 13/2/2017 16:08 by sea7 I recommend any KGLD investors on this board look at the UKIP board and see for themselves, where miller is showing his true colours. Common decency and the fact that his posts are bad enough to land him in court if someone decided to take up the case, prevent me from copying and pasting extracts of the vile filth he has posted over on that board and the CULT board. |
Posted at 28/10/2016 11:14 by selfservice Kolar investor presentation in London next week on 3rd November |
Posted at 23/3/2016 07:44 by the_sage1 From Blueshare and worth a lookStratex International potential 5 bagger (STI) I would like to draw your attention to Stratex International (2p to buy) as an investment proposition. This company has the potential to offer significant gains based on assets and more importantly new cash-flow. Stratex International has a portfolio of projects based in Turkey and Africa, their website offers an overview but I am simply going to draw readers attention to the following. + The current low market capitalization of £9m + The current cash position of £4m + No debt + A 45% stake in a new low cost producing gold mine in Turkey + A 33% stake in AIM listed Goldstone Resources + A 20% stake in TSX listed Tembo Gold The key price driver is the newly producing $40m gold mine in Turkey, this will produce circa 40k ounces a year at a cash cost of only $530oz. Stratex will initially receive 20% revenue moving up to 45% revenue in year 3. Based on the current gold price ($1250) Stratex will receive annual cash income of £3.5m ramping up to £7m in year 3. Any new rise in the gold price will obviously be beneficial. It is obvious, not withstanding their other assets, revenues from the mine warrant a market valuation significantly ahead of the current £9m. Brokers have target prices in excess of 6.5p but Stratex shares reached 10p back in 2012 with the same number of shares in issue. This company is very undervalued and warrants strong research in my considered opinion. Over 50% of the shares are held by major investors including Anglo American Gold. |
Posted at 22/3/2016 10:16 by rodrod1 sharetips6 - why do you say that? I know of several holders here and they are all investors, not traders. |
Posted at 10/3/2016 12:37 by dibs61 novicetrade68 - you're quite correct. Not ONE placing since admission several years ago and they have survived a savage bear market. Indeed highly commendable. They also have zero debt and enough cash (due to v low cash burn) to last until end 2016/beginning 2017.Big news due from the GMSI Jonnagiri major drilling programme as well as the news developments on BGML. LOTS to keep investors interested and this is reflected in the recent share price strength which is showing no signs of weakening. |
Posted at 14/8/2013 09:42 by bubble pricker How is this good news? It just goes to show that India is so corrupt, the Supreme Court has to order the government to open a tender. KGLD is just eligible to apply for this tender that's it. This does not distract from the fact that KGLD has achieved NOTHING since listing at 40p. A classic scam to fleece money from investors into directors' and their associates' pockets. |
Posted at 07/6/2013 16:39 by praipus Damille Investments (DIL2) rocking up with 5%They are systematic activist value investors and I track the rest of their holdings on the WAM thread:) Just for fun I'm also short Gold via the ETF SBUL. |
Posted at 10/4/2013 10:34 by christianf12 RHPS initial tip:25p target I am adding Kolar Gold to the Red Hot portfolio today with a target price of 25p. Let�s dig down to take a closer look at this remarkable untapped gold resource� In pursuit of the riches of the Kolar Belt Kolar has a licence portfolio that extends over 568 sq kms, covering 32 mineralised prospects. These are in the Kolar Belt that runs north to south in the south-east of the country. That it is prospective for gold is no secret � the history of the Bharat Gold Mine is evidence of that. But there is a very special reason why geologists are so excited by its potential. Some 2,500m years ago, what is now India was joined to what is now Western Australia on a vast supercontinent, known as Pangaea. So, despite being nearly 5,000 miles apart, they in fact share the same geology. In Western Australia (as well as South Africa and Canada) rock from this Archaean period has been gold-bearing. Western Australia has 50 gold mines that produced 223 tonnes of gold in 2010. The contrast with India is stark. It has just one operating gold mine and produced 2.1 tonnes of gold in 2010 � a minute fraction of the 963 tonnes the nation demands as the world�s second biggest consumer of the yellow metal. For a country as rich in gold as India to be relying upon imports makes no sense. The solution is obvious. Rather than pay miners nearly 5,000 miles away to dig gold from the same source rocks, India needs to be exploiting its own. And Kolar is the company that�s taken the initiative. How Kolar aims to become India�s biggest gold miner To capitalise on this massive opportunity Kolar has teamed up with two partners. The first is Geomysore Services India Pvt Ltd (GMSI), which has a portfolio of more than 50 licence applications for gold across India. Kolar has struck a deal with GMSI that allows it to take an option to acquire these licences when they are granted by the Indian government. GSMI is 80%-owned by an Australia-based group called Australian Indian Resources and 20%-owned by SUN Mining. SUN is Kolar�s second partner. This diversified group is owned by the Indian Khemka family and includes gold mining ventures in Russia and Kazakhstan. This is the three-pronged attack which it is hoped will transform Kolar Gold into the biggest gold mining presence in India. While SUN brings its influence and contacts in India, GMSI brings the licences and Kolar brings the mining expertise and the access to foreign capital. Kolar came on to AIM in June 2011, raising �12m in the process through a placing of shares at 40p. Those same shares are now trading at just 6.88p but progress has been made. Where licences have already been granted, Kolar is working to prove up the existence of gold. Thanks to work done in the past there is plenty of data to be collated, while Kolar has been drilling for new evidence on its southern licences. In May, Kolar reported that it had made 14 licence applications covering possible gold resources of 1.32m oz. Then, in June, it announced an upgrade to the Mallappakonda deposit, more than trebling the previous estimate from 61,527oz of gold to 195,000oz. What�s more, only 150m of an 800m length of mineralisation has been evaluated, so there is plenty of scope to increase this further. Kolar CEO Nicholas Spencer, though, describes this as �the low hanging fruit� and is eyeing something much bigger. Kolar goes after India�s biggest gold prize So far Kolar has been working on the licence areas to the south of the old Bharat Gold Mine. It is now waiting for approval to work on the licence areas to the north and the east of Bharat. These are the areas that could turn out to be a major gold province. Spencer and his partners have been doing all they can to accelerate the grinding processes of the Indian civil service, though this may be a long game. But while it waits for these approvals, Kolar has its eye on the main prize: the Bharat Mine itself. The sale of this asset has been approved by India�s Supreme Court and Kolar appears to be ideally placed to acquire it. Although Bharat has already produced 25m oz of gold at very high grades it is thought to still contain up to 10m oz. A few risks to consider Of course, there are several uncertainties here. The Indian authorities are still to grant licences to the northern and eastern areas, while the sale of Bharat is not yet under way and there is no guarantee that Kolar will be the successful bidder. Also, in the event that Kolar is given the opportunity to buy Bharat, it will need to raise money. And this is a gold venture that is still at an early stage in a country where things do not happen fast. But here�s the bottom line: if Kolar can acquire Bharat and the surrounding licences it will be in a dominant position in one of the most under-exploited gold provinces in the world. I would class this as a high risk stock. Red Hot Verdict: Although Kolar has been frustrated by the slow response of the Indian authorities, it has made significant progress in its efforts to prove up resources. The company already has a footprint in India and has the chance to increase this substantially, which could make it the leading gold miner in a country that can hardly get enough of the stuff. Investors were happy to pay 40p for the shares last June. We can buy them today for just 6.88p. I am setting an initial price target of 25p. |
Posted at 04/4/2013 13:50 by christianf12 100% FREE UPSIDE JUST TO GET TO THE CASH LEVELS!!! KGLD SERIOUSLY OFF THE RADAR OF MOST INVESTORSKOLAR GOLD LIMITED CASH = £6.2M VERSUS CURRENT £3.2M MARKET CAP Current share price = 3.125p Current market cap = £3.2m Cash at last accounts = £6.5m Current cash = c. £6.2m as monthly cash burn = £100k So basically you can buy in to KGLD at a 50% discount to net cash as there is no debt. KGLD also has 200k ounces of JORC gold resources. Those are currently being valued at minus £3m when in reality they are worth $310m in the ground at the current gold price. KGLD have a resource target of 1m - 10m ounces. What would that be worth? More than minus £3m I reckon. 1M - 10Moz gold across all areas, underground and open pit Kolar region has produced over 25m ounces of gold in the past. 16 min video below shows some good old footage: Video coverage from December 2011 but very interesting: |
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