KAL - Kalgoorlie-Boulder Resources

[Wilson!]

Maybe talking to myself, but it is going well again today after the traders drop yesterday.
Healthy technical retrace yesterday and getting that warm feeling again...

 

[Sean K]

Maybe talking to myself, but it is going well again today after the traders drop yesterday.
Healthy technical retrace yesterday and getting that warm feeling again...

I agree Wilson, in that any massive jump will ALWAYS have a consolidation period.

What you want to see here is consolidation with lowering volume. This will indicate day traders jumping off and investors jumping on.

What would be even beter is that you see a support line developing under the current bottom prices through the day. That would start to indicate some greater basis for future gain.

 

[zt3000]

Agreed Wilson, Kennas,

Anything that goes 100% + in a day is bound to have some sort of retrace. Not always but more often than not.

People might be buying in and holding to results ... there are a few due by my understanding ... JORC on its way by year's end which is just around the corner ... people might be getting in on anticipation of positive news ...

who knows ... the market does some friggen strange things sometimes haha

 

[Wilson!]

Yes, and how stressful does it get at times

Better to not look sometimes, cutting out the intraday noise is hard to do, but essential sometimes when you are trying to work to a trading plan...

 

[Whiskers]

I'm wondering whether this is a genuine pole and pennant forming. The volume has fallen nicely and the price seems to be converging in on a .20'sh breakout. If it is we could have another breakout as soon as tomorrow up into the .30's.

There are more infill assays expected in the next few weeks to further increase resources with Selene probably expected first any day now.

 

[shaunm]

I'm wondering whether this is a genuine pole and pennant forming.

hi whiskas,
can you please explain the significance of a "genuine pole" & "pennant"?
Consider it a crash course in charting for me.

 

[Whiskers]

hi whiskas,
can you please explain the significance of a "genuine pole" & "pennant"?
Consider it a crash course in charting for me.

Hi shaunm.

A Pole and Pennant is a bullish signal which indicates the length of the next run up based on the length of the pole. The reason I tagged it with the query 'is it a genuine' pole and pennant is because of the minimal number of candles making up the pennant so far. The pole part is pretty obvious.

I am confident the share price will move higher because of outstanding assays. The question is by how much. If this is a genuine pole and pennant it suggests a run into the .30's.

 

[zt3000]

Seller depth looking real thin. Looks like people pre-empting news which is apparently due any time now. Oppies are following too.

 

[Whiskers]

Seller depth looking real thin. Looks like people pre-empting news which is apparently due any time now. Oppies are following too.

Looking good zt3000.

I wonder if the one on the end of the sellers meant .25 and misstyped 25.00 .

He/she might be the ultimate optermist.

 

[zt3000]

Looking good zt3000.

I wonder if the one on the end of the sellers meant .25 and misstyped 25.00 .

He/she might be the ultimate optermist.

lol ... thats a classic ... maybe it was you??? hahaha or was it the booga man or maybe it was BORAT! haha

now im being silly lol

 

[Plugger]

I wanted to grab some more last week but talked myself out of it because I'm a beginner. It seems there's a lot of smart people holding right now

 

[Whiskers]

It looks like we're building for a .26'sh launch point for the next leg up. That would probably take it into the .40's.

If the next assays propel KAL into the .40's and followup results and the JORC ann take it a little more I can see this one taking off.

There are only 160.9m shares and 62m options on issue. With all the options expireing 31 July 08, mostly at .20 and a few at .30 and .40, if exercised they will bring in $13.675m for the company with minimal if any dilution of existing share value and should cover expenses for a year or two.

That is sounding to me like a recipe for some solid share price growth. Since the new management say they are going to improve the performanve of the company, I'll bet they are planning a solid exploration program to ensure they get those options exercised.

 

[AussiePaul72]

It looks like we're building for a .26'sh launch point for the next leg up. That would probably take it into the .40's.

If the next assays propel KAL into the .40's and followup results and the JORC ann take it a little more I can see this one taking off.

There are only 160.9m shares and 62m options on issue. With all the options expireing 31 July 08, mostly at .20 and a few at .30 and .40, if exercised they will bring in $13.675m for the company with minimal if any dilution of existing share value and should cover expenses for a year or two.

That is sounding to me like a recipe for some solid share price growth. Since the new management say they are going to improve the performanve of the company, I'll bet they are planning a solid exploration program to ensure they get those options exercised.

I hope your right Whiskers!!
I don't normally jump on board after a company goes on a huge run like KAL did recently, however, after doing some homework i really think KAL has a lot of potential and has some potentially big announcements coming up as discussed in previous posts. After watching KAL carefully (and taking some profits on RAU) I chose my entry point yesterday at 19.5c and am happy to now be aboard!!
There is certainly some strong interest in KAL from the market now and on a down day today it stood very firm.
Good luck to all and DYOR!

 

[shaunm]

Is anyone off to the information day next Wednesday? Not in my state unfortunately.
An online hook-up would be nice, but I guess the phone link will do fine

 

[Whiskers]

Another day within the range of the ascending triangle (chart above).

I'll stick my neck out and say tuesday or wednesday, thursday at the outside, for the breakout.

 

[coppo]

Trading halt!!
Now I'm getting excited.
Could this be the big news we have been waiting for?
I certainly hope so.

 

[Wysiwyg]

Trading halt!!
Now I'm getting excited.
Could this be the big news we have been waiting for?
I certainly hope so.

Me too fellow kalathumpians.If the Selene assays are great then yippee but i wouldn`t have a clue what it`s for.

 

[alphman]

Could be cap raising...but hoping to see drill results for Selene.

Just wondering why a trading halt for drill results when the last two announcements did not follow one.

 

[Whiskers]

Could be cap raising...but hoping to see drill results for Selene.

Just wondering why a trading halt for drill results when the last two announcements did not follow one.

I'm thinking same thing alphman.

Although they budgeted to spend $400,000 this quarter leaving abt $800,000 in the bank, I was wondering whether they figured to raise a bit now rather than leaving it till the post Xmas and holiday period and a possible downturn in the market.

 

[zt3000]

I'm thinking same thing alphman.

Although they budgeted to spend $400,000 this quarter leaving abt $800,000 in the bank, I was wondering whether they figured to raise a bit now rather than leaving it till the post Xmas and holiday period and a possible downturn in the market.

If its an institutional cap raising then ok .. if offered to public then no good IMO. Would be nice to see a resource upgrade but i don't like my luck lol