KOR - Korab Resources
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Have i read it right - they still haven't set the record date - yet the shares fell 22c today as if they had? is this people with less than 15,000 selling thinking they won't get the IPO? or because there will be no in specie distribution now?
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The majority of shares in the IPO will be offered to domestic and offshore
institutions however, Korab shareholders will be given a priority allocation.
The level of the IPO priority entitlement has not yet been determined but will be proportional to the shareholding in Korab held on the record date. Furthermore, it is expected that Korab shareholders holding more than 15,000 shares on the record date will be given preference.
This does not mean you must hold more than 15,000 shares to get an allocation, but rather if you do, you will get preferential treatment
institutions however, Korab shareholders will be given a priority allocation.
The level of the IPO priority entitlement has not yet been determined but will be proportional to the shareholding in Korab held on the record date. Furthermore, it is expected that Korab shareholders holding more than 15,000 shares on the record date will be given preference.
This does not mean you must hold more than 15,000 shares to get an allocation, but rather if you do, you will get preferential treatment
Hopefully this one is not on pro rata basis.
They said in the announcment that shareholders would be issued shares in proportion to their shareholding. So yes it will be on pro rata basis to yoir current holding.
I think it was caused by then saying they are reviewing and may cancell the in specie distribution to current shareholders.
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Was just readin KOR's Qtrly, some very interesting Info in their, it should be noted that any new Uranium projects KOR acquires it must vend into its new Uranium IPO as that was part of the agreement it created.
Will be a cracker of an IPO
Overseas Projects
During the quarter, Korab has begun the review of several overseas uranium projects which contain established uranium resources as well as projects containing deposits of copper and gold. The projects are located in Eastern Europe. At the date of this report, the reviews and discussions with the current owners and/or operators of the projects are still in progress.
CORPORATE ACTIVITY
During the quarter Korab has continued work on spinning-off its uranium assets into Uranium Australia Ltd. Uranium Australia Ltd is a resources company focused on uranium exploration and development in Australia and overseas.
Will be a cracker of an IPO
Overseas Projects
During the quarter, Korab has begun the review of several overseas uranium projects which contain established uranium resources as well as projects containing deposits of copper and gold. The projects are located in Eastern Europe. At the date of this report, the reviews and discussions with the current owners and/or operators of the projects are still in progress.
CORPORATE ACTIVITY
During the quarter Korab has continued work on spinning-off its uranium assets into Uranium Australia Ltd. Uranium Australia Ltd is a resources company focused on uranium exploration and development in Australia and overseas.
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KOR Korab
Anyone? pls help me with some information, anyone have this stock?
I do not know the news, have had the stock a year or so.
What triggers do we have in near time?
Anyone? pls help me with some information, anyone have this stock?
I do not know the news, have had the stock a year or so.
What triggers do we have in near time?
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Sean K
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No idea, but looks great for a breakout.
Already occurred perhaps when it cracked 30.
Perhaps just tracking other U potentials who are starting to turn across the board.
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Thanks Kennas.
Perhaps the non computation of the following formula explains it:
High POG + U recovery + recent project aquisitions + majorly oversold + majorly forgotten = Only $15 million market cap
Here's a broker report from February.
http://www.korabresources.com.au/documents/KORReport.pdf
From what I can see they have 300k ounces of gold at Melrose alone.
Batchlor could have much more with much higher grades.
Could be worth a punt!
Perhaps the non computation of the following formula explains it
:High POG + U recovery + recent project aquisitions + majorly oversold + majorly forgotten = Only $15 million market cap
Here's a broker report from February.
http://www.korabresources.com.au/documents/KORReport.pdf
From what I can see they have 300k ounces of gold at Melrose alone.
Batchlor could have much more with much higher grades.
Could be worth a punt!
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I think that an announcement is forthcoming in relation to the following which is way overdue.
Note...the deposit is fully prepared for open pit mining, with production estimated Sep-Oct07. Talk about fastracking!
June 26
Note...the deposit is fully prepared for open pit mining, with production estimated Sep-Oct07. Talk about fastracking!
June 26
Korab Resources Ltd would like to announce that it has entered into preliminary agreement to acquire a majority stake in Donetsky Kryazh Ltd (DKL). The agreement is subject to satisfactory completion of due diligence review.
DKL is a resources company based in Ukraine. The main asset of DKL is Bobrikovo gold deposit located in the Lugansk region in eastern Ukraine.
DKL is a resources company based in Ukraine. The main asset of DKL is Bobrikovo gold deposit located in the Lugansk region in eastern Ukraine.
Korab has received a large amount of geological and technical data which was produced by DKL as part of completed Feasibility Study.
We are currently reviewing the data with the aim of producing within the next 2 months estimate of the reserves and resources for the Bobrikovo deposit.
Within the oxidised zone from the surface to 35 meter level Korab is targeting between 1.6 million tones at an average grade of 1.6 g/t for a total of 82,000 ounces of gold and 1.8 million tones at an average grade of 1.8 g/t for a total of 104,000 ounces of gold.
Within the sulphide zone below 35 meters Korab is targeting between 3.8 million tones at an average grade of 4 g/t for a total of 490,000 ounces of gold and 4 million tones at an average grade of 5 g/t for a total of 640,000 ounces of gold.
Within the sulphide zone below 35 meters Korab is targeting between 3.8 million tones at an average grade of 4 g/t for a total of 490,000 ounces of gold and 4 million tones at an average grade of 5 g/t for a total of 640,000 ounces of gold.
The deposit is fully prepared for open pit mining. Geographical and hydrogeological conditions are favourable for easy ore extraction and on-site processing. If Korab proceeds with the acquisition of the equity in DKL, it is the intention of Korab’s board to commence mining of the oxidized zone of the Bobrikovo deposit in September-October 2007.
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What about KOR today? Cant see any reason to keep it a actually?Why is it that low turn over? Anyone believe in this stock? The future could give 10% or? Why wait for that in a couple of years?
Happytown,
Same ann last week - it flew up to 20c and then back to 14 where i had made up my mind to jump in, managed to grab on just as ANOTHER ann came out saying 1.33 UAU shares for every 1 KOR held...
any ideas of weather this is ever going to happen? or where this company is headed?
Cheers
Same ann last week - it flew up to 20c and then back to 14 where i had made up my mind to jump in, managed to grab on just as ANOTHER ann came out saying 1.33 UAU shares for every 1 KOR held...
any ideas of weather this is ever going to happen? or where this company is headed?
Cheers
When is a ramp not a ramp. I find this rule a little confusing but there was an announcement out today that pointed out some positive news as to the the possibilities of KOR. Anyone can go to Yahoo fin go to vol/gain/ losers. I hold s
shares here but wish had bought at 52 wk low of 0.04c.
The fountain
shares here but wish had bought at 52 wk low of 0.04c.
The fountain
Ann that both the gold divisions
1) Melrose in West Aust and
2) Bobrikovo in the Ukraine
shall be split up and relisted with their own IPO at a future date on the ASX.
There shall be a an offer of 1-1.5 free shares for Lugansk Gold (Bobrikovo) and an offer of 1 free share for Melrose, for every KOR share held. A similar situation to the offer of UAU in the NT. KOR still rose today despite a s**t day today across the market. I hold KOR.
Not too many posts on this. Can anybody else shed further light?
1) Melrose in West Aust and
2) Bobrikovo in the Ukraine
shall be split up and relisted with their own IPO at a future date on the ASX.
There shall be a an offer of 1-1.5 free shares for Lugansk Gold (Bobrikovo) and an offer of 1 free share for Melrose, for every KOR share held. A similar situation to the offer of UAU in the NT. KOR still rose today despite a s**t day today across the market. I hold KOR.
Not too many posts on this. Can anybody else shed further light?
Received in the mail today Uranium Australia Ltd, (UAU), ACN 123452915, notice of AGM. to be held on 26/2/10.
UAU is a spin off of Korab (KOR), that allocated approx. 1.37 UAU shares for each KOR share held.
There has been no ann on any pages and I find it a bit odd that UAU intend to list in Feb. without any notice.
This is 3rd post in a row. Hope I`m within the boundaries.
Some feedback would be appreciated. Thankx,
The fountain
UAU is a spin off of Korab (KOR), that allocated approx. 1.37 UAU shares for each KOR share held.
There has been no ann on any pages and I find it a bit odd that UAU intend to list in Feb. without any notice.
This is 3rd post in a row. Hope I`m within the boundaries.
Some feedback would be appreciated. Thankx,
The fountain
Again, just reporting a 20% upside to KOR at the close after their ann at 14.48 today.
Their last ann was on28/1/10. I noticed that the the opening thread as to this co. was on 19/9/05. and this one is #40. Not a lot of interest after four and a half years. However it is hard to go past the facts that shares that are given through loyalty are a rare beast, or in this case, an angel.
See my last few posts. I`m unaware of any other co`s that have done a similar thing and I`d be interested to know.
Not good at sending links, does very late `50`s ring a bell? but I have to say as you get older a sense of `knowing` sets in and the intuitive trust takes shape.
All the best to all everyone trying to make their fortune.
The fountain
Their last ann was on28/1/10. I noticed that the the opening thread as to this co. was on 19/9/05. and this one is #40. Not a lot of interest after four and a half years. However it is hard to go past the facts that shares that are given through loyalty are a rare beast, or in this case, an angel.
See my last few posts. I`m unaware of any other co`s that have done a similar thing and I`d be interested to know.
Not good at sending links, does very late `50`s ring a bell? but I have to say as you get older a sense of `knowing` sets in and the intuitive trust takes shape.
All the best to all everyone trying to make their fortune.
The fountain
