KAL - Kalgoorlie-Boulder Resources

[GoodValueHunter]

I don't want rain on the Kal parade but all the drill results have been in-fill not exploration to expand what was basically a resource that was already known. The change, if anything, has been the gold price going up.

Hype it is mostly but if that makes you money then fine but don't expect to find too many fundamentals for it to go up further without some drill hits outside known boundaries.

 

[Wysiwyg]

I don't want rain on the Kal parade but all the drill results have been in-fill not exploration to expand what was basically a resource that was already known. The change, if anything, has been the gold price going up.

Hype it is mostly but if that makes you money then fine but don't expect to find too many fundamentals for it to go up further without some drill hits outside known boundaries.

You`re right gvh, an inexperienced trader would be most peeved at missing the boat and a learned one will be more watchful in the future.

 

[Whiskers]

I don't want rain on the Kal parade but all the drill results have been in-fill not exploration to expand what was basically a resource that was already known. The change, if anything, has been the gold price going up.

Hype it is mostly but if that makes you money then fine but don't expect to find too many fundamentals for it to go up further without some drill hits outside known boundaries.

There is a combination of infill, exploration and soil sampling, GoodValueHunter. No hype from what I see.

Selene is already a significant low grade inferred resource of 624,000oz's. From what I can see, given the limited release of assay results (only those > 1g/t) it hosts gold from 3m down to abt 110m. Just the multiple > 1g/t intersections in the holes reported in June qtr report might go close to be economical without any lower grades in between.

My understanding of the purpose of the infill drilling program was to get a better understanding of the geology to better define future drilling and to upgrade more from inferred to indicated JORC status. From perusing the limited information available, it is quite possible that they have a reasonable picture of the geography and they will locate wider sections and or higher grades with the more holes they drill. I have the feeling these guys are pretty optermistic about the potential, but conservative with what they release and forecast.

Also, from the announcement on 13 November 07 drilling includes relatively unexplored targets at Break of Day, Everlasting and Telegraph prospects where some good intersections have been recorded.

Also more geochemical analysis of Ni, Cu and PGE's from Clinker Hill are expected.

Further Resource Definition drilling has also been undertaken at the Selene deposit and the company is awaiting the assay results in the next two weeks. The purpose of the Resource Definition Drilling is to upgrade and improve the Selene Mineral Resource by infilling areas of poor continuity and gaining a better geological understanding of the deposit. A new JORC Mineral Resource is due by the end of 2007.

 

[shaunm]

Hmmmm.....suspension from official quotation.
What's might this be all about then, should we be concerned or excited!?!?

 

[thedave]

Whats the difference between a trading halt pending an announcement and a suspension from official quotation pending an announcement?

 

[alphman]

Annoucement out ladies and gents!

http://imagesignal.comsec.com.au/asxdata/20071128/pdf/00788508.pdf

There's a placement as well - $2.5m at $0.18 (13,888,889 shares).

 

[radar23]

Annoucement out ladies and gents!

http://imagesignal.comsec.com.au/asxdata/20071128/pdf/00788508.pdf

There's a placement as well - $2.5m at $0.18 (13,888,889 shares).

People selling not buying, wonder why the placement was at 0.18?

I figure those who bought this week at 0.25 are upset.

 

[Wysiwyg]

I was keen to drop in on the tele conference but it was cancelled.Disappointment two is the price drop today but on the brighter side, tomorrow could be worse. Possibility three is the s.p. will stabilise around the issue price.That is what i think is being thought.Purging the orders probably saved many buyers getting caught up high.

 

[shaunm]

Just great!! Why 18 cents?? Do they undervalue themselves?
I thought sp generally went up or stayed firm on positive announcements!? This is really testing my nerve at the moment.

 

[Whiskers]

Todays assay results were about what I expected, confirming some higher grade intersections.

The placement was not unexpected as they were not likely to get many options exercised until closer to July 08, and needed a bit more cash in the interim. The fall in price was a bit unexpected, despite the down day, but still in the consolidation range.

Sometimes you have to wonder how much the DT's are manipulating the market of these small cap's. For me the chart suggested an obvious breakout up. Maybe it was too obvious. When I look at the course of trades the first five sells were 100,000 to 500,000 while most of the buys were small. On the chart we have a doji which to me looks odd sitting on the bottom of the consolidation range when the price range moved nicely into an ascending triangle.

As I said before, I think these guys are conservitive in their statements so I am expecting better results to come and the price to get going again.

 

[Plugger]

Sheesh I just had to look twice at today's 18% drop, was not expecting that at all. Seven announcements on one day, looks like I have a bit of reading to do.

 

[Spaghetti]

I like this company, it has a good fundamental basis and offers a speculative side as well.

It does have a resource that could actually translate to reasonable mine life unlike many. and yet has similiar market cap to companies that have potential only. Too much importance is placed on grades so we see some stocks too much overvalued on high grades but with hardly any gold at all. I will not name names!

So it may not go up again by hundreds of percent but looks like a growth stock. Plus what I like the most it cannot really go down much unless gold becomes out of flavour again.

I was in and out before with some wins with KAL but now think of maybe a longer term position. They have all sorts of things happening, I think it will be interesting.

 

[shaunm]

So do any of the TA types here want to have a stab at how much lower KAL is going to go. This is almost starting to hurt

 

[Plugger]

Purely my opinion based on the chart, I'd say down to 18.5/18 on Monday before heading up again Wednesday. But I'm just a beginner and pretty much know SFA, just putting my thoughts out there.

Sure I'm peed it's dropping, but it could give me a chance to pick some more up.

 

[prawn_86]

Feel free to post a chart plugger.

In fact we encourage it, as it makes it easier for us to visualise what (and why) you are suggesting

There is a thread on how to post a chart if you are unsure how to.

 

[jammin]

So do any of the TA types here want to have a stab at how much lower KAL is going to go. This is almost starting to hurt

Do you really want my stab at a low? It could hurt. Here's a chart with a low of 0.14c indicated at the 61.8% retrace.
Is that a cry of pain I hear?

 

[Whiskers]

I'm not prepared to jump ship yet. I'm inclined to think the last three days weakness is pretty much the last of the DT's liquidating and moving on. I noticed the price often creep up a bit just to be knocked down by a larger seller often taking out most or all of a buy line.

A basic premis of charting is that it is presumed that the market is pretty well informed of the company activities and is able to make reasonable valuations based on that information. While I wasn't surprised at the capital raising, once the Trading Halt had been called, I think most people (including me)didn't expect that announcement would be made at the same time as the Selene assay results, hence the 'perfect' ascending triangle indicating another breakout, followed by three down days, since 26c was providing a bit of resistance

But the trading range is still in an ascending triangle (Pole and Pennant) formation. Given that those relatively unexplored targets at Break of Day, Everlasting and Telegraph prospects where some good intersections have been recorded and more geochemical analysis from Clinker Hill are expected in the next couple of weeks, I am anticipating more good results and a continuation of trading in the range until then. I think some good assays from these prospects outside existing resources would do the trick to breech the 26c resistance and head into the 40c's.

I'm also anticipating we will get another retrace of the markets and POG before the market kicks on again, so if a couple of volitile days dump the price lower, I'll be looking to top up a bit.

Also of interest is the Stockastic has hit the floor, 0. It's unusual for it to crawl along the floor except for stocks that have very low turnover and volitility or that the market has deserted in mass. So I wouldn't be surprised to see a slight gain on Monday.

 

[Spaghetti]

I agree whiskers, day traders that buy because there is excitement around the stock. They know little else. I know because I do that as well.

However with many others it is nothing more than some excitement on a couple of drill results or rock chip samples. It is scary to stay in these stocks because it is so difficult to arrive at any sort of valuation. You have to watch all day in case the dump starts.

KAL has issued a jorc statment as a base to improve on so confidence level, for me anyway, is far higher than a stock with too much guessing involved. So I stayed around for a change.

It is very cheap compared to so many others, it is a standout. With announcements out now on a regular basis it should do very well.

POG may have an impact as it does all gold stocks. My gold watchlist on Friday was a sea of red with only a couple of exceptions. So we should not expect green everyday in a volatile gold climate. However if you are like many who just do not believe any good news from the US anymore it should bounce back.

I was reading YT'S method of valuation of a stock and he said 10% of the value on the commodity...that would mean KAL is worth too much actually to believe lol and they are adding to it as we speak!

 

[Wilson!]

People here still holding kal?
Boring to watch at the moment, but it is just waiting for next round of news which could be very good.

I cant believe there are 3 times as many buyers, but traders or manipulators have been selling it down on low volume, except for one guy who keeps putting 1/4m of shares up for sale just above current price

Anyway, she'll have her day, not long now

 

[shaunm]

Yeah I's still holdiing. Half free carried in profit and another half with a loss.
We need some good results to kick it along for sure.