Like this chart (daily). Has just broken resistance at 23.5c on big volume. Next short term resistance at 26c and from there the old high of 34c. Jumped up above both 21 and 30 day ma's so should start trending back up now and well supported by On balance volume. Going to pick up some today. anyone else with thoughts? Cheers, lachie.
KMN - Kings Minerals
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Very quiet on this forum! I thought people would have heard about their new discovery!! looks like it could be an 'olympic dam' style uranium mineralisation.
http://www.theaustralian.news.com.au/story/0,20867,19856749-643,00.html
http://www.theaustralian.news.com.au/story/0,20867,19856749-643,00.html
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Got in at .18 for 30000 sold 20000 at .37 but now think maybe should of kept them
ALFguy
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Very strange, not seen anything like this before.
There has however been an announcement saying All trades @ 11:24, 11:25 are at dispute with Governor's.
I have no idea what this means.
Also, there is already a KMN thread, so this needs to be moved there.
There has however been an announcement saying All trades @ 11:24, 11:25 are at dispute with Governor's.
I have no idea what this means.
Also, there is already a KMN thread, so this needs to be moved there.
letter from the chairman of Kings Minerals to shareholders (says it all really) - notice how he describes the MT ISA project as "significant" 
Chairman's Letter
Dear Shareholders,
I am happy to say that the confidence I expressed in my letter to you last year was well placed and the Company has
continued its success in the progression of exploration and development in Mexico as well as identifying a significant
project in the Mt Isa Region of Queensland.
The San Anton Project has developed from a resource of 5.6 million ounces of gold equivalent at the end of 2005
through to an 11.09 million ounce gold equivalent and still growing resource at the end of 2006.
The decision to transfer ownership of the San Anton Project to a Canadian listed corporate entity and for the Company
to retain control through that corporate vehicle should be a positive for shareholders.
Fundraisings undertaken since balance date leave the Company in a very strong financial position to concentrate efforts
on the exploration and development of the Mt Isa Project.
I look forward to writing to you again this time next year to detail further success.
Sincerely,
Norman A Seckold
Chairman
Chairman's Letter
Dear Shareholders,
I am happy to say that the confidence I expressed in my letter to you last year was well placed and the Company has
continued its success in the progression of exploration and development in Mexico as well as identifying a significant
project in the Mt Isa Region of Queensland.
The San Anton Project has developed from a resource of 5.6 million ounces of gold equivalent at the end of 2005
through to an 11.09 million ounce gold equivalent and still growing resource at the end of 2006.
The decision to transfer ownership of the San Anton Project to a Canadian listed corporate entity and for the Company
to retain control through that corporate vehicle should be a positive for shareholders.
Fundraisings undertaken since balance date leave the Company in a very strong financial position to concentrate efforts
on the exploration and development of the Mt Isa Project.
I look forward to writing to you again this time next year to detail further success.
Sincerely,
Norman A Seckold
Chairman
Sean K
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Well done to you guys holding this one for the past few months. What a winner.
I have had a cursory glance at the last few reports and company presentations and am surprised I haven't seen this in the news.
(sorry I haven't been following this thread! )
Cerro Del Gallo, Mexico (51% with Goldcorp 49%): 11 m oz gold equiv. Inground value $8 bil.
Calman, Mt Isa, amazing intersections of Cu, MoS2, Au, U3O8, open along strike in all direction and depth, potential 'world class' deposit.
Check the company web site to see what could be in store at Calman:
http://www.kingsminerals.com/
Running strongly and looks to be set to power further ahead imo. Formed a small pennant and started breaking Friday. Not confirmed really, but my initial target from here would be about $0.80.
I'm not holding (yet).
Damn it! I'm trying not to buy anything at the moment!
I have had a cursory glance at the last few reports and company presentations and am surprised I haven't seen this in the news.
(sorry I haven't been following this thread!
)Cerro Del Gallo, Mexico (51% with Goldcorp 49%): 11 m oz gold equiv. Inground value $8 bil.
Calman, Mt Isa, amazing intersections of Cu, MoS2, Au, U3O8, open along strike in all direction and depth, potential 'world class' deposit.
Check the company web site to see what could be in store at Calman:
http://www.kingsminerals.com/
Running strongly and looks to be set to power further ahead imo. Formed a small pennant and started breaking Friday. Not confirmed really, but my initial target from here would be about $0.80.
I'm not holding (yet).
Damn it! I'm trying not to buy anything at the moment!
Attachments
preliminary projections indicate that Kalman deposit
contains:
40 million tonnes @ between 1-2% copper eq.
if you average that out we have a contained resource of around 600,000 tonnes of copper eq.
= around 5.6 billion dollars worth (aussie dollars)
comparison with CDU's Rocklands project
25 million tonnes @ around 1.6-2 % Cu eq.
the numbers speak for themselves really
info retrieved from here:
http://www.kingsminerals.com/Documents/Mining Investor Sept.pdf
contains:
40 million tonnes @ between 1-2% copper eq.
if you average that out we have a contained resource of around 600,000 tonnes of copper eq.
= around 5.6 billion dollars worth (aussie dollars)
comparison with CDU's Rocklands project
25 million tonnes @ around 1.6-2 % Cu eq.
the numbers speak for themselves really
info retrieved from here:
http://www.kingsminerals.com/Documents/Mining Investor Sept.pdf
Sean K
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I'm in at $0.69 on the run....
Sean K
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With these new results they could have up to 15m oz au!
GreatPig
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I got in a couple of weeks ago at 54 cents.
GP
GP
Sean K
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Good work! Why didn't you tell me to buy it then GP?GreatPig said:
I've been watching but have just thought it had gone too hard and there would be a pullback.... Looks extremely promising. Not much volume pushing it really. When the market realises the potential of this........well, perhaps they'll be bought out before then.
GreatPig
Pigs In Space
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Well as typically happens to me, I'm happy to see KMN up over 10% right now, but it's compensated for by UTO being down about 9% right now too
And I was watching it pretty closely after the big drop back on the 7th, but fortunately it's picked up again rather than continued to fall.
GP
And I was watching it pretty closely after the big drop back on the 7th, but fortunately it's picked up again rather than continued to fall.
GP
Sean K
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Market cap is climbing considerably - $255m ish...
Has anyone looked into the listing of it's stake on the TSX? Was supposed to happen in Nov. I was reading about it in their Sep Qty report and it's all Chinese to me.
Has anyone looked into the listing of it's stake on the TSX? Was supposed to happen in Nov. I was reading about it in their Sep Qty report and it's all Chinese to me.
