KAL - Kalgoorlie-Boulder Resources

[Nicks]

A friend of mine has said that he feels something is in the wind and this is going to move.
I dont know if he is right, but I have bought some.

 

[CanOz]

Re: KAL

Can you elaborate on your friends information? Otherwise it sounds a bit like a ramp.

Cheers,

 

[Dreamer]

Seems to be doing well, I think your friend might have been right.
Interesting times ahead.

 

[michael_selway]

Seems to be doing well, I think your friend might have been right.
Interesting times ahead.

anymore upside you think?

thx

MS

 

[Dreamer]

You would think so, but the Buyers V Sellers totally reversed today, so who knows where this could head.

Although just looking a little closer, today was the date for distribution of Burey Shares. KAL shareholders will recieve 3.5 shares in BYR for every 10 KAL shares held.........that would explain the reversal.

 

[Nicks]

Seems to be doing well, I think your friend might have been right.
Interesting times ahead.

Indeed Dreamer, the 'friend' nailed this one for me, as I bought in at the time of my post, before the burey shares were announced.
Now my friend needs to give me some more of these tips......friend?

 

[Nicks]

Re: KAL

Can you elaborate on your friends information? Otherwise it sounds a bit like a ramp.

Cheers,

Not really, it isnt a ramp if I am sharing the info that I bought this stock on. Thats all I had, and appears all I needed as it has been good advice.

Else I may as well pick a stock from a lucky dip box and make up a story about a friend, but this was not the case. The friend put me onto KAL, said he thinks something is happening, I bought, shared the info. I can ramp on another forum thats good for that. I do my best not to ramp on this forum as I believe it is a quality forum with quality contributors.

I think this friend still owes me a few more good tips though...

He needs to make up for Moby!

 

[Out Too Soon]

Doesn't look so great atm, are they going to make a go of it you think?

 

[Nicks]

Well im they are about to sell some Uranium assets to BYR very soon apparently, which will in turn be paid for by a distribution of BYR shares. Its in the announcements if you look through it for both companies.

 

[Nicks]

ok so finally KAL have announced a promising find. This is really good for a small cap as it is what takes it into that next level from just intangible here say to a company with something materialistic and promising.
No doubt once they determine viability the next step could be a project, and thats when the real value of this stock per share could become apparent.

 

[Nicks]

KAL are making strong gains in the last two trading days on the back of some very promising results.

 

[GOSAFAS]

I think that on the back of some good news KAL will move big time - depending on how good the latest round of drilling reports are

 

[Nicks]

Can anyone offer me any compelling reasons as to why I shouldnt offload this DOG.
I mean, enough is enough with this crappy stock. First we got shafted out of our BYR shares so the company could horde onto them to pay for its cashflow problems (no doubt includes executive remuneration).
Some news comes out but the market does not seem overly impressed when it does, SP retraces heavily afterward. Yes I am annoyed with KAL. Its a purebread at this stage.

 

[Nicks]

Had enough. Offloaded all but my options today. This stock is going only in one direction consistently. Every time it goes up it retraces harder.

 

[GOSAFAS]

I finally have succombed to this DOG as well. I'm out thank heavens for that.
Got out with my boots and will NOT be getting back in.

 

[alphman]

Contrary to the last couple of posts, I think this one looks interesting...

Shares: 160,891,388 (incl. 50m shares in escrow untill March 2009)
Options: 46,556,009 (20c, 31/08/08)
Last Sale: 0.072
Market Cap: $11,584,179

Norseman Gold Project
Once owned by Kinross Gold. KAL acquired the project in March 2007. 1.2Moz Au inferred. Currently drilling to prove and upgrade. Updated resource estimate expected sometime in December along with outcome of scoping studies. Average grade I think is 1.3g/t.

Jackpot Gold Project
Wrapping up production at Jackpot Mine.

General
Spec play. $1m in the bank as at 30 July 2007. Recent gold sales from Jackpot should add another $2m to their bank account. EV/oz currently under $9. Recent drill results were encouraging - (small intercepts), high grade, near surface. December resource estimate will be the determining factor. Dr Pretorius is now a top 5 shareholder which, IMO, adds appeal. Share price is up and down like a pro's panties, but nevertheless on a recovering trend from the August credit crisis selldown. Could see $0.15-$0.20 by January (~$25 EV/oz) if they can produce the goods (my opinions only). Deserves a place in everyone's watchlist. DYOR.

 

[alphman]

Bingo! Up 35% so far today off the back of a great announcement (coupled with rising PoG).

http://imagesignal.comsec.com.au/asxdata/20071107/pdf/00780217.pdf


Still cheap IMO. $16m company (@ 10c) with 1.2moz gold.

 

[Wysiwyg]

Bingo! Up 35% so far today off the back of a great announcement (coupled with rising PoG).

http://imagesignal.comsec.com.au/asxdata/20071107/pdf/00780217.pdf


Still cheap IMO. $16m company (@ 10c) with 1.2moz gold.

More results on the way in the next two weeks and three other mineralised zones not appraised yet.A small producer too.
Is it too late or not?????

“With three other mineralised zones to appraise and nine other prospects within the Norseman Gold Project to explore, we are fortunate to have considerable scope for further resource additions in the future.”
The increase in mineral resources at Norseman follows recent drilling, resource development and geological modelling at the Mt Henry deposit [For details please see page 3]. It does not take into account recent and current drilling at Mt Henry, the results of which should be available for release in the next two weeks.

 

[alphman]

More results on the way in the next two weeks and three other mineralised zones not appraised yet.A small producer too.
Is it too late or not?????

Personally, I don't think it's too late BUT please bear in mind that I do hold, so DYOR and make your own conclusions.

Also, if you look at price action history, you might even be able to catch a retrace tomorrow as the market takes profits so you could even wait.

Fundamentals are there IMO...

1.2moz gold resource at 1.0g/t cut-off which is more in line with the industry standard. Upgrade of 20% contained only within one their Norseman prospects.

At $0.10, we have a f/d market cap of $16m (incl. $0.20 options)
At $0.15, we have a f/d market cap of $24m (incl. $0.20 options)
At $0.20, we have a f/d market cap of $32m (incl. $0.20 options), EV/oz still under $30...

(Give me another company with over 1moz gold trading at these prices!)

More announcements to come over the next few weeks (drill results) leading up to a full resource estimate by year's end. Throw in a positive result from the scoping study around the same time and I think KAL will be trading at or above $0.20.

 

[Wilson!]

alphaman, well picked there. With such a small market cap and a big ann today, with more news on the way, this seems to be only going to go one way
Disc: I hold, so am boased of course