Kolar Share Discussion Threads

[christianf12] 20/4/2013 08:40

People don't realise this area has produced 25m oz of gold in te past and the mine was closed at $300 gold.

Gold now $1400.

Big campaign to reopen these mines.

[christianf12] 19/4/2013 22:11

Will have a look over weekend ep, cheers.

[epiphany99] 19/4/2013 21:18

Some interesting reads





From 2004!

[christianf12] 19/4/2013 15:27

lol

25k is 3.91p and 100k is 4.47p and you reckon someone wants out : ))))))))

[giant steps] 19/4/2013 15:26

25K buy quote is 3.91p, think i'll just watch as things unfold

[christianf12] 19/4/2013 15:24

lol, 100k is 4.47p GS, you must be after a woeful amount.

[giant steps] 19/4/2013 15:23

KGLD reminder prices bid 3.75p offer 4.25p, 2 v 2

I'm getting a quote to buy from the bid @ 3.91p,
i guess someone wants out, does not bode well imo

[christianf12] 19/4/2013 11:20

You changed your name again howard (aka robson to everyone else)?

[giant steps] 19/4/2013 09:32

That's an interesting interview, thanks.

Looks like cash burn is very much under control

[christianf12] 19/4/2013 09:25

They have cut cash burn and have 5 years burn left now.

See post 3 stocktube presentation, it isn't long, 6 mins or so.

They say cash burn £100k/month.

Licences are key but cash backing means this won't be sub 6p for much longer imo.

ATB

[giant steps] 19/4/2013 09:23

In their words "Additional licenses were expected to be forthcoming"
and that's measured from June 2011.

Apologies if the cash burn figure is wrong,
a lazy look at P&L loss £1.2m in 6 months, so assumed cash burn £0.2m/month


I see from the accounts Cash Equiv Dec 2011 it was £9.645m

I see from the accounts Cash Equiv Dec 2012 it was £6.45m


On this basis £3.2m cash was consumed in 2012.

[christianf12] 19/4/2013 09:15

GS, first mistake in your post.

KGLD are burning £100k/month, not £200k.

mm's have no stock and want 4.47p for 100k now and I am trying to buy more so can't see how the share price will fall.

They will only spend the cash if it will enhance shareholder value.

Cash is 6.25pps

You cannot buy a share with that backing on the market anywhere currently.

You need to watch the recent stocktube interview, post 3, you say they are struggling to get key licences, KGLD management say they are in the final stages : ))

ATB

[giant steps] 19/4/2013 09:12

CF12, since your post 4APR2013 about take a look at KGLD, I confirm I am
unable to see a value opportunity (no advice intended).

They appear to be struggling to get the necessary grant on licenses (key),
and are also looking to make acquisitions :

reminder 25MAR2013 "investigating a number of opportunities to acquire interests in additional Indian exploration and mining rights "

Plus they are burning cash £0.2/month

On balance the cash may be consumed with little to show.

Chart pattern looks similar to the February 2013 plateaus

[christianf12] 19/4/2013 08:53

They want 4.47p for 100k now.

[christianf12] 19/4/2013 08:29

Next stop 7p imo

[christianf12] 19/4/2013 08:29

Plenty of buying yesterday.

[christianf12] 17/4/2013 08:13

Probably another 500k odd. Will add in chunks so average is varied. Sub 6.25p cash is a free bet on licences and upgraded JORC resource imo.

[moneymachine2] 17/4/2013 00:49

when?? and how many??.

[christianf12] 16/4/2013 12:07

Knowing, press execute on the 500k quote and see what error message you get from selftrade : ))