Share Name Share Symbol Market Type Share ISIN Share Description
Kolar LSE:KGLD London Ordinary Share GG00B3M9KL68 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.025p +2.17% 1.175p 1.10p 1.25p 1.175p 1.15p 1.15p 75,000.00 09:57:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.3 -1.2 - 2.27

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Date Time Title Posts
25/11/201615:35Potential 10 Mln Ounce Gold Project in India183.00
28/10/201609:17KOLAR GOLD LIMITED - CASH = DOUBLE THE CURRENT MARKET CAP, NO DEBT124.00

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DateSubject
04/12/2016
08:20
Kolar Daily Update: Kolar is listed in the Mining sector of the London Stock Exchange with ticker KGLD. The last closing price for Kolar was 1.15p.
Kolar has a 4 week average price of 1.24p and a 12 week average price of 1.42p.
The 1 year high share price is 2.90p while the 1 year low share price is currently 0.48p.
There are currently 193,111,719 shares in issue and the average daily traded volume is 1,385,147 shares. The market capitalisation of Kolar is £2,269,062.70.
04/4/2013
12:50
christianf12: 100% FREE UPSIDE JUST TO GET TO THE CASH LEVELS!!! KGLD SERIOUSLY OFF THE RADAR OF MOST INVESTORS KOLAR 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. http://www.kolargold.com.au/ 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 http://www.kolargold.com.au/pg31/resource/ Kolar region has produced over 25m ounces of gold in the past. 16 min video below shows some good old footage: http://www.youtube.com/watch?v=b-GJRLdr8JU Video coverage from December 2011 but very interesting: http://www.bbc.co.uk/news/business-16145737
04/4/2013
12:46
christianf12: KOLAR 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. http://www.kolargold.com.au/
17/2/2012
18:41
bubble pricker: approaching 10p as predicted here months earlier. This is yet another AIM disaster and a PI rip-off, barely on the legal side of being a scam. As I reported before, I was invited to an "investor" lunch a day before the listing, and I could see then that it was vastly overvalued and the lunch was a desperate, but yet ridiculous and futile, attempt to prop up the share price. I asked uncomfortable questions at the lunch, such as why such a high cash price was paid for the exploration licences. I was never invited to any other event by the promotor in question, which really says it all. Well T. Communications, if you only want sheeple at your events, you can stick 'em where the sun don't shine.
16/12/2011
09:44
peawacks: From Interactive Investor In what was undoubtedly a brave move given the uncertain economic backdrop, this particular gold miner chose to join the London stockmarket in the summer. The first Indian gold explorer and mine developer admitted to trading in the UK, Kolar Gold (KGLD) hoped its listing would provide investors with access to gold opportunities in the "prospective" Kolar Gold Belt in southern India. By mid-August the company had drilled 13 holes totalling 1,749 metres in the Chigargunta NE deposit in the South Kolar licence area, with four having intersected high grades with visible gold assaying up to 160 grams per tonne (g/t) gold. But the Chigargunta NE deposit represents only the first of more than 10 targets in the Chigargunta North prospect area which will be drilled as part of the company's planned 27,000 metre drill programme. The company plans to commission a further two drill rigs at North Kolar in 2012, in a move that could prove a catalyst for the share price. Sam Spring, analyst at Ocean Equities, said investors should be expecting positive near-term news flow as further drilling results are released from the ongoing drilling programme: "A four-rig programme in 2012 at South and North Kolar is expected to support Kolar defining its medium-term inventory of one to three million ounces of gold." The company remains comfortably funded with cash of £11.4 million as of 30 June and £4.7 million and £3.3 million committed for tenement acquisitions and exploration respectively up to December 2012. The grant of two high-priority tenements: GP 2 and North Kolar by the end of this year and GP 33 in East Kolar early in the new year, is expected to increase Kolar's attributable resource inventory by 63,300 ounces to 138,000 ounces. Charlie Long, analyst at Singer Capital Markets, said: "Kolar Gold was admitted to the AIM market in June at 40p and is now trading at just over 15p, providing an excellent opportunity for investors. Its poor performance is partly down to the recent small cap mining sell-off, but it also reflects a liquidation opportunity taken by a number of the pre-IPO investors."
07/12/2011
22:48
flyingswan: People are starting to notice Central Rand Gold (LON:CRND) after the 25% rise in share price over the last two day. See this article as an example: London gold edges higher ahead of ECB decision; Central Rand Gold, Kolar Gold on the rise http://www.proactiveinvestors.com.au/companies/news/23194/london-gold-edges-higher-ahead-of-ecb-decision-central-rand-gold-kolar-gold-on-the-rise-23194.html Thursday, December 08, 2011 by Proactive Investors Gold edged higher overnight in London as demand for the yellow metal was stimulated by expectations of further stimulus action by the European Central Bank (ECB), which will make its interest rate announcement tomorrow. The ECB is widely expected to cut its interest rate by a further 0.25 percent or possibly by as much as 0.5 percent, which would drop the rate to 0.75 percent, to stimulate the European economy. It is also speculated that the ECB could go further and reduce deposit and borrowing rates for banks and provide long term loans for up to three years for banks to boost liquidity in the sector; in addition, according to a report by Bloomberg News, the ECB could relax collateral criteria for loans. Further measures to support the European banking sector by the ECB is likely to push up the euro and weaken demand for the US dollar, which is seen as an alternative asset to gold. Gains in the yellow metal were curbed by fears that Friday's crucial EU summit will fail to bear fruit after a senior German official said he was pessimistic that the summit will be successful. EU leaders are set to discuss changes to the EU treaty to tighten fiscal discipline within the euro zone to avert a breakup of the monetary union. Gold traded at 1.734/oz this afternoon, up US$5 from Tuesday's close. Other precious metals were headed in the opposite direction with silver dropping 15 cents to US$32.61/oz and platinum falling US$12 to US$1,510/oz. London's top risers in the sector were: Central Rand Gold (LON:CRND), up 9 percent at 0.436 pence Central Rand Gold (LON:CRND) Kolar Gold (LON:KGLD), up 5 percent at 15.5 pence Kolar Gold (LON:KGLD) Randgold Resources (LON:RRS), up 3.5 percent at 6,950 pence Randgold Resources (LON:RRS) Orosur Mining (LON:OMI), up 3 percent at 72 pence £OMI
26/7/2011
10:13
andrbea: 24.6.11 (fromm iii board) good summary This AIM-listed company could hold 20 million ounces of gold But it could still hold another estimated 10 million ounces of gold and Kolar Gold would like to get its hands on it. Spencer has spent the last six years assembling licenses over gold mining prospects to the north and south of Kolar, along an 80 km stretch. Thanks to the efforts of partner, Geomysore Services, Kolar already has plenty of survey data and is now ready to start drilling. It wants to put four drills to work in north and south Kolar, and it has already seen some encouraging early results. Kolar believes that this could become a really major gold province, and draws comparisons with the huge Kalgoorlie field of western Australia. According to an independent expert assessment, "the Kolar Belt is one of the most prospective and yet underdeveloped Greenstone Belts in the world...The exercise is akin to an evaluation of the entire Eastern Gold fields of western Australia prior to the commencement of current activities in the late 1970s". Kolar believes that it could find as much as 10 million ounces of gold in the licenses that it has acquired and a similar amount within the old mine, assuming it can get its hands on it. For that, it will require the acquiescence of India's notorious bureaucracy. A recent change in the mining law is designed to speed development of the industry. But what counts as speed in India may still prove to be slow going. Still, this is a project that could achieve real scale. For me, that is an important criterion for investing in penny shares. I've got a number of gold stocks on my watch list – I'm sure you have too. With its share price down some 20% since its listing last week, Kolar Gold is under pressure. But I'll be watching developments closely in the months ahead. If the gold market starts moving ahead once more and Kolar comes up with the goods, it could get interesting. Stay tuned.
24/6/2011
12:45
mon28shaila: This was written by Mr Bulford. The AIM stock hoping to cash in on India's gold By Tom Bulford Jun 23, 2011 inShare.0ShareEmail. Comments (0) Print this article In recent Penny Sleuths, I've talked about the surging demand for gold and gemstones from China and India. It's a powerful force that I believe will support the price of these and other precious commodities – and penny shares can be a great way to play this trend. But did you ever stop to wonder why it is that people in these countries have to import all of these luxuries? With diamonds, the answer is simple: they can only be found in certain geological conditions. These conditions don't exist in China or India. So rich Chinese and Indians rely on imports from diamond producing countries for their bling. But both China and India do have their own gold mining industries. In fact, China is the world's top gold producing country. Today, though, I want to talk about India, whose gold industry is not what it used to be. Let me explain. The mining zone at the centre of India's 19th century gold rush Gold deposits are known to occur in the Indian states of Karnataka, Andhra Pradesh, Rajasthan, Madhya Pradesh, Jharkhand and Kerala. But the only gold mine of any scale in India is at Hutti. India produces just 100,000 oz of gold per annum but imports have risen by 1,015% in the last 20 years. Now, thanks to the efforts of one small company, India's own gold mining industry could be set for a revival. Last Friday, Kolar Gold (KGLD) listed on AIM with a value of £40m. It is on the trail of what chief executive Nicholas Spencer described to me as one of the biggest and best opportunities in the global gold mining industry. We need to go back in time a bit to pick up the story. Millions of years ago southern India was joined to Australia. India has an Archaean geological belt formation that is comparable to that of western Australia. But while this geology has allowed western Australia to become one of the biggest gold mining regions, nothing much is happening today in India. But once upon a time it did. In fact, gold has been mined in central southern India for centuries, getting under way in earnest in the late nineteenth century. With the Californian and Australian gold rushes on the wane, the Kolar region, some 70 kilometres east of Bangalore, started to attract prospectors from far and wide. The colonial era was at its height and the British ran the show. The London engineering firm of John Taylor & Sons pulled together all the licenses and set about building a major mine. While Indian labourers toiled on what were known as the 'Golden Carpets', the British enjoyed their creature comforts. With smart clubs and elegant bungalows, they recreated a little corner of Surrey. Tennis, polo, billiards and golf provided entertainment. Summer balls and Christmas festivities were the social functions. And with a landscape and climate reminiscent of home, Kolar was christened 'Little England'. It was not some quaint village though. The population of Kolar rose from 7,000 in 1891 to 38,000 ten years later. A railway was built to link the town with Bangalore and Kolar became the first city in Asia to get electricity, generated by the Shivanasamudra waterfall. The Kolar gold mine eventually produced 25 million ounces of gold at the very respectable average grade of 15.9 g/t. But its glory days were over. In 1956, Indian independence saw it revert back into Indian hands and the operation went into gradual decline, suffering from a lack of capital investment and proper management. Today, although the giant tailing heaps and barren bungalows hint at past glories, the mine lies derelict. This AIM-listed company could hold 20 million ounces of gold But it could still hold another estimated 10 million ounces of gold and Kolar Gold would like to get its hands on it. Spencer has spent the last six years assembling licenses over gold mining prospects to the north and south of Kolar, along an 80 km stretch. Thanks to the efforts of partner, Geomysore Services, Kolar already has plenty of survey data and is now ready to start drilling. It wants to put four drills to work in north and south Kolar, and it has already seen some encouraging early results. Kolar believes that this could become a really major gold province, and draws comparisons with the huge Kalgoorlie field of western Australia. According to an independent expert assessment, "the Kolar Belt is one of the most prospective and yet underdeveloped Greenstone Belts in the world...The exercise is akin to an evaluation of the entire Eastern Gold fields of western Australia prior to the commencement of current activities in the late 1970s". Kolar believes that it could find as much as 10 million ounces of gold in the licenses that it has acquired and a similar amount within the old mine, assuming it can get its hands on it. For that, it will require the acquiescence of India's notorious bureaucracy. A recent change in the mining law is designed to speed development of the industry. But what counts as speed in India may still prove to be slow going. Still, this is a project that could achieve real scale. For me, that is an important criterion for investing in penny shares. I've got a number of gold stocks on my watch list – I'm sure you have too. With its share price down some 20% since its listing last week, Kolar Gold is under pressure. But I'll be watching developments closely in the months ahead. If the gold market starts moving ahead once more and Kolar comes up with the goods, it could get interesting. Stay tuned.
Kolar share price data is direct from the London Stock Exchange
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