KAI - Kairos Minerals

[BESBS Player]

Re: MPJ - Mining Projects Group

Here is one of my "left-field" plunges!

I didn't put the house anywhere near this one but have managed to collect a several million shares over the last couple few days at .0001.

It is a punt. Why?

* Karoo is still in the distant horizon. If it got going, it should create interest.
* Management must be hurting. Importantly, if they (or friends) are buying at these prices (I can't be sure of this but will be interesting to see along the line), then a SP like this give mega-leverege. This creates incentive.
* The market shows that the % difference between annual high and low prices is often a large %. This applies to the good and the dogs as well.
Providing the company stays afloat, then you can't really get a better leverege point than .001c

Happy to wait for a while and see...


Holding MPJ at .001c

 

[CapnBirdseye]

Re: MPJ - Mining Projects Group

Looks tempting, but they probalby have only 4-6months worth of cash at their disposal, so more funds will be required soon. And if those can't be raised then it could be all over.

Whats required is something to lift the SP considerably and quickly so that new shares can be issued above 0.001.

Then again, they could always have a garage sale.

Saying all that, if i'm feeling flush soon, I might have a punt myself.

 

[BESBS Player]

Re: MPJ - Mining Projects Group

Hi Capn,

Fair comments - they also explain my comment about not placing the house on this one!

That said, management would also be aware of the company's finances and it is in their self interest to do something. At 0.001c, any news confirming some site work (put in a nice sugar-coated ASX release) and suddenly MPJ gets re-reated a little. If it rises to .003c (not impossible given today saw a sale at .002c, the leverege is already 200%.
It is a risk but I usually allow up to 5% of my stocks to be pure (yet reasoned to some extent) punts. Guess where MPJ fits???

Cheers,
BESBS

 

[Megacents]

Re: MPJ - Mining Projects Group

It is a risk but I usually allow up to 5% of my stocks to be pure (yet reasoned to some extent) punts. Guess where MPJ fits???

Maybe some changes soon with the price and direction of the company. Aerial survey is being conducted late this month (January 2011) early next month on the Raptor sites in the Karoo Basin South Africa for uranium.

I do agree with the risk of this company, very poor and no real return for quite a while. Unless you purchased around the 0.1-0.2 cents.

Perhaps the 50:1 consolidation may help push it along.

I am holding this gamble.

 

[springhill]

Re: MPJ - Mining Projects Group

I picked up a speculative parcel of MPJ recently purely on the back of management commonality with another company in the area, positional location of tenament and upcoming drill program.

Volumes have gone through the roof in the past day or so on commencement of drilling program.

Not my usual low liquidity type purchase but I believe that the factors mentioned before override my usual pattern of behaviour.

Worth checking out for those who have tolerance for high risk.

 

[skc]

Re: MPJ - Mining Projects Group

I picked up a speculative parcel of MPJ recently purely on the back of management commonality with another company in the area, positional location of tenament and upcoming drill program.

Volumes have gone through the roof in the past day or so on commencement of drilling program.

Not my usual low liquidity type purchase but I believe that the factors mentioned before override my usual pattern of behaviour.

Worth checking out for those who have tolerance for high risk.

For some reason I got on the mailing list of this mop and they highlighted MPJ for the exact reasons you've described.

http://catalysthunter.com/latest-catalysts/

I don't know the background of this website (or how they got my email address) and it seems to be quite new. Agree that the volume alone would have attracted a fair few watchers.

 

[springhill]

Re: MPJ - Mining Projects Group

For some reason I got on the mailing list of this mop and they highlighted MPJ for the exact reasons you've described.

http://catalysthunter.com/latest-catalysts/

I don't know the background of this website (or how they got my email address) and it seems to be quite new. Agree that the volume alone would have attracted a fair few watchers.

I can honestly declare that I am not a contributing researcher for that website!!

IMO what should be considered upon a speculative purchase of this stock is that any decent share price movement (based on drill results or outright speculation and the volume of shares on issue) would probably lead to a share consolidation. Of course this is often accompanied by an attaching option for existing share holders.

There are numeous positive and negative views that can be taken from MPJ and any investment should weigh these up against the risk tolerance of anyone considering purchasing.

 

[springhill]

Re: MPJ - Mining Projects Group

High Grade Nickel Intersected in First Drill Hole at Roe Hills Project
• A narrow Nickel-Copper sulphide vein grading between 10.0%-12.6% Nickel and up to 2.75% Copper (using a Portable XRF Analyser) has been intersected in RHDD0001, the first diamond drill hole of the Roe Hills drill programme.
• The high grade Nickel-Copper sulphides were intersected at a depth of 215.3m and are indicative of remobilised sulphides from a nearby primary Nickel source.
• RHDD0001 is a stratigraphic diamond hole drilled to locate the position of the inter- fingering edges of the host lava channel 80m southeast and down plunge from historic intersections at the Talc Lake Prospect.
• RHDD0002 has commenced 80m to the west and down dip of RHDD0001. It is targeting the modelled centre of the host komatiitic lava channel which is interpreted to be the source of the Nickel sulphide mineralisation and provide a DHEM platform.
• The core is currently being cut and will be submitted to the laboratory for assaying and confirmation of Nickel-Copper grades.

 

[System]

On April 29th, 2016, Mining Projects Group Limited (MJP) changed its name and ASX code to Kairos Minerals Limited (KAI).

 

[springhill]

Since the metamorphosis of MPJ to KAI, the company has performed well.

As lithium seems to be the flavour of the month, or one of them, this may present an opportunity for short, medium or long term profit.

 

[swami2]

KAI- The Nearology Scam

One of the WA Inc crowd's old bag of tricks is the nearology scam.
Spec penny mining stocks like to highlight that some place, some where near them is a successful mining or exploration company and that they can be too, with just a little investment from Mug retail investors.
KAI, formerly MPJ, formerly YAM, formerly ZEX is a old hand and master of Nearology.


They did the nearology con just last year when as MPJ, they spammed the fact that their Roe prospect was a great prospect for Nickel as it was near the Kambalda Nickel District which is world class.
Before MPJ, they used to be YAM until their Gold prospects weren't good enough .Before that they used to be ZEX.
This company has targetted iron ore, Zinc, Gold, Nickel and now Lithium and there just the ones I know about. They guys are nothing if not flexible.They even tried their hand in the comedy Internet market with their venture into laugh.com . I think they were taking the mickey out of their shareholders with that.
http://www.asx.com.au/asx/statistic...play=text&issuerId=3477&announcementId=170111

The beauty of WA ground is that there's bits of everything everywhere. iron ore, Zinc, Gold , Nickel, Lithium, they are all interchangeable and whatever ore is hot on the day, The WA penny dreadful company can highlight it's prospects. It's the directors only game they got.
Alas, by the time they made multiple cap raises and drilling and exploration, it always turns out hopeless and they go broke. But they keep the same tenement and just spam another commodity prospect or they go find a retired lease near some company doing well at the time.WA is full of retired and dud leases.

The company are not leaders, they are followers of trends and it seems somehow that they seem to attract investors with the same mentality, hoping to make a quick buck on the back of someone else

Now, investors can go and hope that this time it will be different and it's Lithium prospect will hit pay dirt, but that's all you got , hope.
Never mind that you have no idea what Lithium is there and what grade it is and you wont know, until 18 months from now. So far they have picked up the best rock chip samples they could find and those results weren't impressive for someone cherry picking the best rock prospects they can find.
Never mind that Lithium isn't rare at all and by the time even a great new resource is confirmed ,feasibility, permits, financing, construction , production and then sales, it will be well past 2020 and there will be a glut of lithium on the market by then
In fact despite the rhetoric by self interest groups and individuals, investing in Lithium producers over the last 4 years has been a losing one.
https://www.google.co.nz/search?q=N....69i57j69i58j69i61l2&sourceid=chrome&ie=UTF-8

KAI, IMO, will never get off the ground and it has no real intention to. It's a retail play to keep the WA economy ticking over at the expense of Mum and Dad investors
They have been in the Pilbarra and the Eastern Goldfields for decades and have made zilch but the beauty of their operation is that there is a new sucker born every minute.Just don't you be the one holding that baton now.
All in My Opinion, of Course!

 

[JCitizen]

Hi,
I was thinking of getting in on Kai for a long term hold. not so sure now after reading that. I think i will look elsewhere. Cxo are looking good, maybe i will try there. lucky i saw your possts.

 

[JCitizen]

not sure.they are up today.maybe i will, for long term.just a small amount.

 

[swami2]

not sure.they are up today.maybe i will, for long term.just a small amount.

Good luck.
Since my post Kai have sort of shot their Lithium prospects in the foot, announcing that they have surrendered their best prospect to AJM with a maximum upside of $2M to kai and the vague hope of some royalties.
I am sure the market cap had factored in a bigger $ sum than that.

Kai have also just announced their drilling program for their Gold prospects in their Roe lease.

Very opportunistic. As I said in my earlier post KAI have had this lease for years and in fact got this lease from a Gold explorer when Gold was at it's peak of over $1500 USD a ton.
It was only when Breaker resources (BRB) announced their potentially significant gold drills, that KAI, thought that they maybe chasing the wrong donkey in drilling for Nickel.

Now as it turns out, BHP and Western Mining(WMC) have been through all this area with a fine comb.
And Western Mining had done plenty of drilling and they did come up with some gold finds as well as Nickel and copper as well as plenty of other minerals. Now, you can bet your bottom dollar that WMC explored those gold drills extensively to see if there was anything worthwhile and every owner of this lease since would know about it. These drilling results have always been available and The previous owner of the lease, who was a gold explorer had access to that data as has Kai or MPJ as they were then.
Kai don't have any recent gold drills to go , so they are doing their best to inflate their prospects (IMO) and find some drill targets that may give them some gold hits to excite the market.

Now, I know that they will dress them up the best they can and some retail will get drawn in, but will Kai ever become a gold miner of that lease?

Not a chance.
All In my opinion of course!

 

[greggles]

Kairos Minerals has announced a further significant increase in Mineral Resources at its 100%-owned Pilbara Gold Project in the northwest of WA, with recent drilling more than doubling the contained gold at Mt York from the previously reported 258,000 ounces to 643,000 ounces.

After opening at 4.8c, KAI has eased off its highs and settled at 4.3c. Lots of eager sellers took advantage of the good news to exit their positions, most likely those who had entered at much higher prices late last year.

It looks like it's going to take quite a bit more good news to get Kairos Minerals heading further north in a significant way.

 

[explod]

Well well well, what a history this has had and totally asleep for over 10 years. But who am I to say with my MOY closed and in receivership KAI will probably stay that way lol.

However my choice in the Stock tip this month is prompted by it's inclusion by Barry Fitzgerald in his weekly share report from The Australian and an interesting look in my view at the long term chart, very high volume in the last four years as it sinks, for sellers remember someone is buying (tucking under the bed maybe). And now the drop has stopped at 1cent and then comes this report of Barry's out of the blue.

So a wild punt really but to 2cents it would be a 90% gain GG.

 

[explod]

The announcement on the reverse circulation drilling program is expected in the next two or three weeks. If at all positive I feel by the charts bottom stability it could double. So it's my punt for the January comp.

Of course a drop below the one cent line by Tuesday could see me out.

 

[peter2]

This thread has been an interesting read.

Price has surged off the lows, raising capital to expand it's Pilbara Gold Project. They've enough cash for another two quarters (not enough). The market is waiting for results of the RC drilling.

I've included KAI in the small cap portfolio but with this history I won't be allowing price very much room to move down. The price chart looking encouraging as price has stayed in a tight range since the initial surge and dump. I may even sell into any price spike up.

 

[peter2]

Interesting, something's happening here. In light of the past history I decided to grab the profit earned from the last three consecutive up days. I was placing my sell order at 0.059 and when I refreshed the data the bid had risen to 0.063.

Rather than wonder what is going on and being a "dick for a tick" (placing my sell at 0.064) I took the bid. Will watch with interest. I know the company is running out of cash so this may be a spike up before news of cap raising or it could be leakage of good drill results?

 

[peter2]

As it turned out KAI announced a capital raising soon after my exit. The spp price was at an attractive 0.05 (prior close 0.066). After an initial dip price soon broke out and went higher (without me).

Price has now fallen back to a prior trading range (blue boxes). I was asked if I would consider buying it here. My reply was no, because I need to see another bullish buy setup form first. That's my trading style. Others may use different tactics.

I'm posting this follow up as an additional reply to @rnr who asked the initial question.

Price is now back in the prior range (0.06 - 0.07). Will price be supported here? Will we see evidence of demand from those who missed out before?

Today's bar show that the close is off the low and the days volume is above average. IMO this indicates that there is some demand at this level. If price were to stay in this range for another week I'd be prepared to buy the BO. If price falls further (closes < 0.06) I'll toss it from the watch list.

Note: Opinions in this post from the perspective of a short term trader.