KAL - Kalgoorlie-Boulder Resources

[Wilson!]

Cant be long now shaun
Depth is stacked to the buyers, so as long as we dont get a nob selling, she should bounce up pretty soon

 

[Whiskers]

Cant be long now shaun
Depth is stacked to the buyers, so as long as we dont get a nob selling, she should bounce up pretty soon

Yeah, I reackon about Wednesday/ Thursday we should get some news. The price has been holding pretty well considering those few larger trades knocking it down occassionally.

:topic

Alphman, that's a nice avatar you have now.

Gaud, that other one was ugly... wasn't it!

 

[Wilson!]

whiskers I worry there is too much hype built into the ann's from HC
the company is undervalued, based o nthe gold they have, near surface proximity etc, and each ann should allow the sp to steadily rise, as it becomes more and more likely to be economical and producing gold

hopefully people take it as this.
I also wont mind a huge rise though, if we get one

 

[Whiskers]

I have had a look in a couple of other sites, but hardly ever looked in HC, Wilson.

Maybe I should register and keep up to date with what else is happening around the scene.

I think the company is undervalued too compared to it's peers, ie RAU has less resources, but it's share price and MC went through the roof based on a strong positive expectancy feuled by frequent encouraging commentry from the MD. The problem for it then is it has to produce results to match that enthusiasm. Today it didn't and the price opened up 1c @ 14c gained 1c more on ordinary assays and the price dumped to 10.5c before coming back a little again.

KAL management seem to be much more conservative, ie they are not pumping the expectancy too much, consequently the price isn't fluctuating as wildly. I don't know much about their drilling program, but I would say that if they come up with similarly good grades as the initial holes over wider areas from these new targets, that will do far more good for the share price than all the talk from the company.

My earlier target was the low 40c's. But, because the company has relatively few shares and options on issue, I can imagine that being easily overtaken with better than expected assays.

 

[Wilson!]

Well said there
Yes I agree, that we should be in for a good few weeks ahead, and even better times after xmas.

Jorc numbers should help to revalue the current market cap and as you said, extended drilling results will be good to see

We just need to get a few traders or holdrs to stop selling it down each time it rallies, some 250k sells kept appearing right above current price, which meant people sold into lower levels

Also there was 39buying and 9 selling in the top 5 of the que at one stage, but still people found it easier to sell into the strong depth, then others followed, cancelling out the perfect depth created

Anyway, annoying to watch, but ultimately it should be a no brainer from here on in, esp for people getting in at these prices

I hold mainly oppies, but also a few heads

 

[alphman]

Alphman, that's a nice avatar you have now.

Gaud, that other one was ugly... wasn't it!

Thanks Whiskers! I felt it was time for a change...something a little bit more pleasing to the eye.

 

[Spaghetti]

Great little company but best of all it is priced low and has potential to increase resources in short term.

I do prefer to be in a stock without speculation built into s/p, but then many companies undervalued on the market so a little hype can be a good thing just to put in on the radar.

So just to let people know this little bit of hype is supported by fundamentals and also by an increasing POG.

Company has market cap around 32 million including the shares that will be released in a few years. They have a jorc 1.2 moz gold, easy to mine, near surface open pit with infrastructure close by. Recent drill campaign to define current inferred resources complete with the jorc update due within a month.

Drill results due any minute/day for projects NOT included in jorc.

New director is American with extensive experience in the gold industry (also owner of escrowed shares I believe).

Capital raising complete and will finance activities until options expiry mid next year.

Also will finance drill campaign for other projects, including some initial exploratory work on nickle project.

Longer term potential target 2 moz gold in Norseman goldfields (near Kalgoorlie). Shorter term potential, well we are waiting for that next few weeks. But any additional ounces not factored into s/p.

PLUS At the jackpot mine visual inspection of walls and floor identified high mineralisation shears so though open pit mining complete there is potential for increased resource at depth.

PFS mid next year.

So needs a little patience as news released in dribs and drabs but lots of it to come.

Good luck holders.

 

[Whiskers]

Thanks Whiskers! I felt it was time for a change...something a little bit more pleasing to the eye.

Good idea, alphman. As they say, first impressions count.

Seems to be a few more buyers queing up this morning with more assay results immiment.

 

[Wilson!]

The only thing good I took from today was it could have been dumped to 18c, but closed on 20c which was thankful

I am astonished it is not at 23c or 25c now - what are people thinking???

 

[Whiskers]

Surprisingly quiet on this one today. Lowest turnover in five weeks. Less than 1m shares traded.

 

[Whiskers]

I had a talk to the company about this from their website with a view to getting more info about these projects.

Other Projects
In addition, Kalgoorlie-Boulder Resources owns the Broad Arrow (Gold), Dunnsville (Gold) and Lake Johnston (Nickel) Projects.

The Company is currently evaluating these projects for either further exploration, joint venture or divestment.

My understanding is that until their bank balance is stronger, probably by June 08 if the share price holds up and the options are exercised, they are focusing on their Norsman group of projects where more assays are due in anytime.

I noticed some good previous assays from Broad Arrow (Insert below). My understanding is they like its potential, but because they are not over endowed with funds and they are committed to advancing the Norsman projects, they may sell the Broad Arrow project if a good offer surfaced, to top up the bank account.

I haven't found much info about Dunnsville except that there is a 4 km long gold anomaly with a 3 km x 1 km zone targeted for further exploration. There seemed a pretty definate NO SALE on the Dunnsville project with what I interpreted as an air of excitement about it.

Does anyone have any info about the Lake Johnson (Ni) and particularly Dunnsville (Au) project or other operations in the vicinity?

 

[Spaghetti]

Good work to find all that out. I didn't know that about either broad arrow or Dunnsville.

I am hoping the results are sooner rather than later, never seen a stock not react to possibility of increased resource before. Seems odd.

So hopefully when they release the drill results for Break of Day etc , then Selene update followed by the Mt Henry up they will indicate a timetable for Dunnsville.

It should keep the s/p rising nicely over time (well one would assume, never a guarantee) provided ongoing results indicate a growth in total resources..

 

[AussiePaul72]

ANNOUNCEMENT OUT - Selene Resource Deposit Increase of 53%

Selene Indicated and Inferred resource is up from 470,000 ounces to 720,000 ounces. Both tonnage and grade have increased from previously reported resource.

Norseman Resource now totals 1.4 Million Ounces

Tough day to bring out a good announcement but the SP is up a little of 5% so far!

 

[Whiskers]

Sure was a tough day to make the announcement.

I felt that KAL was quite conservative and earlier indicated that Selene could quite possibly be increased in grade as well... and pleased to see that announced.

I particularly like the envisaged low strip ratio of Selene to make it a potentially very profitable resource in its own right.

Considering that Break of Day, Everlasting and Telegraph prospects are grass roots, these drill results must reinforce some potential for considerable resources also. Can't wait to get some sort of plan showing geology and drill hole locations to guestimate a resource potential.

Most intersections were from 4 to 28 m with the deepest two at 44 and 52m, consistant with earlier intersections. These look like being potential low cost, low strip ratio resources also when they define the geology better and place the drill holes closer together and quite likely get more of the earlier high grade intersections.

Nothing definite, but I got the feeling talking to them the other day, they are itching to get into Dunnsville in particular. I think they are still waiting on some tenements to be granted, but I wouldn't be surprised if some preliminary soil sampling happened fairly soon on the tenements they have been granted.

A bit of a cynical view, but I think quite likely, is that they have deliberately spread their limited funds to test the potential of these grass roots resources with a view of follow up work to be announced progessively next year to make sure those 67 odd million options mostly at 20c stay in the money and get exercised. That will be a cash injection of some $13m with insignificant dilution of share value. Gotta love that.

 

[Whiskers]

Provided the US doesn't melt down tonight, we should get a reasonable rebound here tomorrow. I don't think we will get a big pole like last time, more likely a steadily increaseing trend over time.

Good to see the price movement is staying within the flag, the DMI's are pointing in the right direction and for me that is a good looking inverted hammer, nice and bullish. Get a bit of volume again with a bounce tomorrow and the MACD should turn also.

Also of interest, everytime after the RSI has a dip down day like today the following day is a bounce, some better than others.

 

[Wysiwyg]

Hi Whiskers

I do believe that the hammer in the chart below does trump your inverted hammer in probability of reversal.Although as i`ve posted on the chart there is a 50/50 chance of a retest, a + day on the indices may well prove this candle a winner.

It is also suggested that higher volume on such days strengthens the probability of reversal.Not to mention the Selene upgrade to yet be factored in. What do you think?

p.s. they are not my words on the chart.

 

[Whiskers]

Hi Whiskers

I do believe that the hammer in the chart below does trump your inverted hammer in probability of reversal.Although as i`ve posted on the chart there is a 50/50 chance of a retest, a + day on the indices may well prove this candle a winner.

It is also suggested that higher volume on such days strengthens the probability of reversal.Not to mention the Selene upgrade to yet be factored in. What do you think?

p.s. they are not my words on the chart.

Yes it probably does trump me, Wysiwyg.

What an extraudinary chart!

Never seen it before. I guess we shall have to wait and see if it means a double barrel take-off.

But as you say given a + day and restoration of a bit of confidence in the market, I am confident of it going further north on fundamentals.

 

[Spaghetti]

KAL was way undervalued under 10 million market cap and when the market realised it gained all in a short time!

So perhaps history will repeat when the next announcement is made and people see the market cap and think...why is it so low!

It is appallingly cheap for a resource of 1.4Moz of gold and a market cap 27million. So it will gain one way or another at some some stage, but of course we all want it to be sooner than later.

Selene is a huge deposit, not many explorers have that much gold in one pit. Plus there is more to come probably from reading the reports.

 

[Rocket man]

I agree Spaghetti - I bought yesterday arvo at 0.17 and Im nervously hoping for some tidy profits .....................

 

[Plugger]

Bargain basement prices today. Who topped up?
I cannot fathom how, I suppose, unlucky this stock has been. At the brink of a potential breakout at 25c, there's a trading halt. And I think it was again ripe for a rise this week, but of course the ASX let it down.