Kemin Resources Share Discussion Threads

[daytraders] 31/5/2013 23:03

Shareho1der, not really, we were at under 20p, so a 50% rise to 30p is about right now i would say, a bit more maybe monday, but not 400p/500p for sure.

[moneymachine2] 31/5/2013 22:31

lol, 29howard, that is blatant de-ramping, did you miss out?.

[shareho1der] 31/5/2013 22:29

Daytrader.So in your opinion , the license worth nothing . lol.

[shareho1der] 31/5/2013 22:21

Howard .If you read the link i posted earlier in the week, Kazakhstan is preparing for another cycle of mining boom. KEM has 2 large deposits covering several kilometres .I want to be part of the story.That country is famous for its natural resources and that is why I am staying invested in this for 5 yrs. dyor .

[daytraders] 31/5/2013 22:05

look guys, nothing really changed, so they have licence, but nothing has changed really since gma was at like mc of 450,000, still the same mc really, so share price is about right now, no doubt it will go a bit higher monday, its not like they all of a sudden have any more money is it, imo, and please no speak of back to 400/500, that was a massive mistake by most of you reading the rns wrong, if that happens again most of you will loose another 99% of your original investment like last time, assets are worth about 30p i would say at the moment, imo dyor

[shareho1der] 31/5/2013 21:36

Averaged down to 32p.

[29howard] 31/5/2013 21:22

It was 35p ?

[shareho1der] 31/5/2013 21:16

Thanks for your advice.My average is 32p. I am holding for at least 5 yrs because I don't need the money .

[shareho1der] 31/5/2013 21:05

I am not obsessed with topinfo or his gangs . They don't control the share price Next week will reveal all.

[shareho1der] 31/5/2013 20:48

Howard .You will have to admit you got this wrong come next week.Read my recent posts .

[shareho1der] 31/5/2013 20:40

I love the way the company shocked the market with the late news.Most People thought this will be suspended.You have to keep the Faith sometimes .

[topinfo] 31/5/2013 20:36

Lol Fair value is whatever anyone is prepared to pay for the shares and today they were paying upwards of 43p and even then you couldnt buy. On that shake down to low 30s did you try and buy. I did and you couldnt buy any at all. They let a few in at 35p and 37p and then the buying was swithced off for about the 12th time since the Rns was released.

The MMs will be stuffed Monday and this will fly, no question about it. How high I agree with Bobs Good Eye, around 80p-100p easily next week, maybe all in Monday.

At close this was 0.078p old money GMA and we know where it went to pre getting this important milestone licence, yes to 1p which yes is 500p new money-see chart.

Thise that sold today (And it only seems like there was one sucker on here, 27howard) you will be crying Monday when you see you could have got a hell of alot more for your shares when everyman and his dog wants back into these like they did when it was re-listed. You couldnt buy diddly squat today so expect Fireworks next week, starting Monday.

So you sold 27h, well done, move on and stop trying to talk down a share that you know little about anyway!

[shareho1der] 31/5/2013 20:29

TRIC,another mining company has a similar situation to KEM . New investors and loan bondholders converted at half a penny . Previous shareholders shafted after share consolidation . Read their recent rns .They have worthless sand contract but They are trading at eight times the conversion price . dyor .

[ryan83] 31/5/2013 20:07

bge do they now have 100% of the licence for this:-

"Drozhilovskoye deposit

TheDrozhilovskoye molybdenum-tungsten depositis located in Denisovski rayon of Kostanayskaya oblast, 55km northeast of Zhitigara and 31km northwest from the rayon center, Denisovka. The small settlement of Okrainka lies some 4km from the deposit. The deposit area covers approximately 6.6km2. In addition to the main valuable ore components of molybdenum (Mo) and tungsten(W) the deposit is also thoughtto contain amountsof bismuth, beryl, lithium, rubidium,cesium, copper, gold and silver.



Sincethe deposit was discovered in 1964 considerable exploration work has taken place culminating in the most recentresource statement undertaken in 2005 (usingthe former Soviet Unionresource and reserve classification system common in Central Asia),which provided a GKZ approved Category C1 and C2 resource estimatefor the northernstockwork, usinga 0.05 per cent. Mo (equiv.) cut-off, of 37.2Mt at 0.107 per cent. Mo and 0.086per cent. WO3. Importantly, the first resourceestimate undertaken in 1974 defined a GKZ approved estimatefor the wholedeposit at C2 of approximately 140Mt at 0.188 per cent. Mo.



Themost recent exploration work on the project was a drillingprogramme in 2006/2007 which broadly substantiated previous work and provided further detail to both the geology and resource base. However, there remains substantial upside to increase the deposit'stonnage from 37.2Mt based on the 1974 resource estimate.



Smirnovskoe deposit

TheSmirnovskoe molybdenum-tungsten-copper depositis located in Karabalyksky rayon, 156km northwest of Kostanaioblast and some 41km northof Karabalyk, the district centrein northern Kazakhstan. The village of Smirnovka is in the immediate vicinity of the deposit. The deposit area covers approximately 13.7km2.



The deposit has been divided into a larger northern and smaller southern zone, within both zones the principal ore mineral is molybdenite which is associatedwith chalcopyrite and pyrite. Other minerals are rare.



Thedeposit has been studied in much less detail than Drozhilovskoye, althougha 1996, GKZ approved, resource estimate produceda combined Category C1 and C2 resource for both the larger northern and smaller southern zones of approximately 109Mt at 0.1378 per cent. Mo (equiv.) using a 0.05 per cent. Mo equivalent cut-off grade. A further estimatewas provided in 2007 which gave an estimate of 108Mt at 0.1056 per cent. Mo using the same cut-off grade."

[bobs good eye] 31/5/2013 19:04

So 29h, you were a holder and sold out on today's rise? Just curious why you held in the first place if that was the case.

Am I right in thinking that if they hadn't had this news today the shares would have been suspended and in all likelyhood, subsequently cancelled? The share price was 19.5p before the news and people are stating 27p as fair value with the contract news?!?!?!?

Why would someone hold with such risk associated with the shares if fair value was only circa 30% higher?

Personally, and after some basic research and comparisons it looks like this will be valued significantly higher. Over the next few weeks I would expect to see this settle (fair value) between 80-110p.

[aimho] 31/5/2013 18:41

Kazakhstan is a gold mine. Do you think someone will put £40m in just for the fun of it.

[genises] 31/5/2013 18:12

fatmaa
I don't hold and have never had.
Just pointing out assets are worth 27p with the issue of 150 million shares
where do you get £2.
top info £5 made me laugh even louder 750 million pound company worth more than centamin