Kolar Share Discussion Threads

[christianf12] 16/4/2013 12:00

Selftrade lol

[christianf12] 16/4/2013 11:53

Knowing, there isn't mate but nice try at a deramp. How many you after?

Someone paid 3.95p for just 2,500 shares lol

[knowing] 16/4/2013 11:40

500K available at 3.91

[christianf12] 16/4/2013 09:59

Kolar Gold Fields which has produced 25 million ounces of gold at 15.9 grams per tonne over 120 years until closure in 2001.

=====

25M oz historic production and you can currently buy shares at minus 2p per share considering the cash pile.

[joeblogg2] 15/4/2013 15:03

thks Cf12, will check this further!!

[christianf12] 12/4/2013 09:41

1 other gold exploration company in India is listed on Bombay stock exchange:

DECCAN GOLD MINES

[christianf12] 12/4/2013 09:03

New video added to header. Old news from Dec 2011 but very interesting.

[christianf12] 12/4/2013 08:20

jonny, how many can you buy currently mate?

[jonnyfro] 12/4/2013 08:19

Morning CF12

Patience with this one I feel but well undervalued..

[christianf12] 12/4/2013 08:18

Just out

MiningMaven ‏@theminingmaven 1m
#KGLD although playing a waiting game re licences/legislation worth noting that cash exceeds market cap materially. Looks interesting.

[christianf12] 11/4/2013 08:14

Money

Free bet below 6.25p

Peeps cottoning on now I think

[christianf12] 10/4/2013 15:25

Anyone know of any other stocks that you can buy at a 50% discount to cash hoping to drill up c. 2-10m ounces of gold?

Actually, does anyone know of any gold co's trading at a discount to cash alone? Never mind the already JORC resource we have here.

Nil brainer under 6.25p cash levels imo.

[swizz] 10/4/2013 14:43

GL to you also KNIGEL......Cheers S

[christianf12] 10/4/2013 14:40

Only 100k shares available now at 4.24p

[knigel] 10/4/2013 14:39

In at 4.1p gla

[christianf12] 10/4/2013 13:17

video added to header

[christianf12] 10/4/2013 10:34

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.

[christianf12] 10/4/2013 08:12

Long term exploration target of 6-20Moz Gold

PAGE 10



What would a 6m JORC oz resource company market cap be then?

More than the MINUS £2.5m currently lol

[christianf12] 09/4/2013 20:16

Good day here and plenty more to come IMO.

Broker target is 13.5p but I reckon we could easily see 20-25p soon.

[christianf12] 09/4/2013 11:26

sp moving up already today on 1 small displayed buy trade. Have a feeling there has been more and they will be delayed. If not and the mm's are moving up on a 8k trade then stock is very tight.

Cash position of 6.25p obvious first target, corresponds with the chart also imo.

6.25p would still mean the gold is in the share price for nothing.

3.75p is just plain insane imo.

[jonnyfro] 08/4/2013 15:45

Seems it's just the 3 of us then

still 100k at 3.7p available