Kolar Share Discussion Threads

[dibs61] 15/3/2016 14:18

The rough value of the remaining resources at the Kolar Gold Mines are in the header of this post.

Valued at around 2,000 Crores = £209,745,555

Kolar MC: roughly £2m.

hxxp://m.dailyhunt.in/news/india/english/commodity-online-epaper-commodit/india-calls-for-starting-fresh-exploration-at-kolar-gold-mines-newsid-35813246

Oh and the above isn't even including the stake in GMSI…..

Just saying

[dibs61] 15/3/2016 14:13

Yes it is novice. But it could have much much further to go. Micro valuation against existing and potential assets.

[novicetrade68] 15/3/2016 12:53

Looking good again here Dibs - very strong today. Although imo the valuation at some point below cash was bonkers, it is nice to see this being reversed now.

[dibs61] 15/3/2016 11:52

rodrod1 - welcome to the slowly growing throng. I think some of the rise is due to Paul Johnson increasing his stake, maybe not all though. He is the CEO of Metal Tiger which invests in undervalued mineral and resource stocks. This one is very undervalued even taking the recent increase into account. Valued at less than HALF book value straight from the BS and that's before we get Jonnagiri drilling resource Upgrade.

[rodrod1] 15/3/2016 10:45

I only bought in this morning....whats going on? Mr Johnson must have a few followers :)

[someuwin] 15/3/2016 10:34

Nice move up.

[dibs61] 15/3/2016 09:57

Yes novice and the shares have reacted very positively this morning.

[novicetrade68] 14/3/2016 20:30

Hmmm...very interesting, so he has added another 1m shares by the looks of it.

[dibs61] 14/3/2016 19:09

RNS released after market close. Paul Johnson of Metal Tiger has increased his stake in Kolar to just under 4%

[dibs61] 11/3/2016 14:42

I see 'scyther' and 'EdgeFund' have disappeared like a puff of air after their daft forecasts of 0.9p by the end of the week. Plonkers. Whats the price now? ooooo a good 80% above that level lol. Don't give up the day job boys…. on second thoughts if its got anything to do with shares, maybe you'd better

[dibs61] 10/3/2016 13:33

hxxp://australianindianresources.com/index.php/2015/07/07/update-on-jonnagiri-gold-project-andhra-pradesh/

AIR are a major shareholder in both KGLD and GMSI. As Timeless has pointed out Mark Creasy is a major shareholder in AIM. Mark Creasy is a TOP TOP Aussie Geologist and you can be sure he has had some kind of involvement in the Jonnagiri drilling programme.

[dibs61] 10/3/2016 12:37

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.

[novicetrade68] 09/3/2016 20:35

I actually think this is the moment that no matter what sort of state this gold company is in, it will move up regardless, given the strong $POG atm. With negative interest rates as being a concern for now, gold shouldn't really tank for the moment.

I think what is commendable by this company is that ever since admission they never raised any funds and diluted shareholders. I bought a tiny amount of these in October last year, which was wrong timing, but I'm quite confident the loss will be reversed and hopefully even a profit.

[dibs61] 08/3/2016 14:36

Posters who predict doom and gloom = translation - missed out on the rise and blindly hoping it will go down. No justification for the empty forecasts except their unfortunate episode of sour grapes. Suck it up boys.

[edgefund] 08/3/2016 12:47

ColinLet's see if Friday brings the 0.9 againIntrigued...

[scyther] 08/3/2016 12:45

Small free float or not this has been on the way down for 4-5 yearsBy Friday we will be solidly back below 0.9 again. The Indians aren't serious about mining gold in the kolar region Speak to our ex ceo Nick

[colin12345678] 08/3/2016 12:15

Timeless
Posts: 4,025
Premium Chat Member
Off Topic

Opinion: No Opinion
Price: 1.275
RE: RNS.Today 12:11Out of 106m is less all the 8.3s declared and shares not in public hands and I estimate less than 30m and that's being generous

Any volume as witnessed send this flying but only a correction to value

[colin12345678] 08/3/2016 12:11

edge you sure about that pal

Andrew Neal ‏@andrew_neal7 · 2m2 minutes ago

#KGLD RNS as expected but folk have to remember the MM's can't cover their positions as their short

HSBC proof coming next

[edgefund] 08/3/2016 11:56

Watching from the sidelines on this one but don't shoot Scyther too quickly ...he may have a genuine point ....I hope anyway Gla

[dibs61] 08/3/2016 09:37

scyther - and I don't understand why you're still here? you've made your point so why not pop off somewhere you can make some money eh? (Lol) waste of time here clearly *chuckles*

[scyther] 08/3/2016 09:14

Colin I don't understand why you are reposting some of dibs posts

[colin12345678] 08/3/2016 08:54

Dibs61
Posts: 8,667
Premium Chat Member
Research

Opinion: Strong Buy
Price: 0.90
Potentially massive news for KGLDMon 15:50At just the right time with the gold price rising we have a potentially major development at BGML.

[colin12345678] 08/3/2016 08:38

Timeless
Posts: 4,006
Premium Chat Member
Off Topic

Opinion: No Opinion
Price: 0.90
Short of stockMon 18:57Daisen - firstly you were dismissive of my posting but trust me in what I'm writing

We are in a Offer Period which is for a reason and this has all shareholders over 1% to declare like the 2 RNS's today where 2 holders have increased their position this IMHO means Singers can identify how many shares their short

The Offer Period is for a potential take over too / alliance / partner etc

Now go through all the 8.3 declarations and you will get a figure

Deduct what aren't in the public hands 22%

Add these figures up and deduct it from the 106m shares and that your free float but also less all the ones holding under 1%

PERFECT

Right, Singers have been running the book for months and do not have enough stock to cover their position and when people sell they have a chance to address the shortage except no one is selling as per today and so NO STOCK and buying power = a short squeeze which is a massive problem for the MMS and great for us

Win Win as we already start with barely any free float

They are no flaws in this company and so people buying on strong fundamentals

More buying more of a premium and then more the bid rises as MM's try and cover

They've a BLACK HOLE and seen it all to often hence I posted that and took position ages ago

Hope this helps