KRL - Kangaroo Resources

[explod]

Picked up on this stock in a discussion with some friends down at the coffee strip in Mount Martha back in August. Did some research and got in at 5 cents initially then sold off at 7.5 cents as it appeared to weaken. Was pleased when it went into a trading halt but gasped when it came back in with a huge jump on the first day back from 10 to 15 cents (It had delisted at .098). Managed to get back in at 16. My rationale are the apparent fundamentals. Not a huge issue of shares is a plus, but the high quality coal that is said to be (by their account) going into production by the end of the year looks like enourmous potential down the track. I think that the latest reports are worth a look and as I could not find a thread on it thought that I would post up to see what others think.

Whether we like it or not coal has the grunt at the moment till real alternatives can get/keep us running. Energy in my view is probably the hottest sector and this mine is right at the doorstep of the insatiable Chinese market, many companies in Australia just cannot keep up to the demand for high quality coal and that is if they can get past the jam in places like Newcastle. So just thought I would share some of my thoughts.

I hold KRL

 

[roysolder]

thanks for starting this thread explod,i jumped on these at 10cents the day they re listed.i have been doing my home work on krl and before when they were kml.do you know about mt ruby project?i think it has as much potential as indo and if production starts at the end of the year their sp should have potential to be 50-1.00.

 

[explod]

thanks for starting this thread explod,i jumped on these at 10cents the day they re listed.i have been doing my home work on krl and before when they were kml.do you know about mt ruby project?i think it has as much potential as indo and if production starts at the end of the year their sp should have potential to be 50-1.00.

By jove Roysolder, you on the leaf. 50 to 1 sounds too good, and is usually faulse, can you elaborate?

 

[roysolder]

y will be in production by december with drilling under way as we speek.they have more than one project on the go and i believe they wil have some heavy financial backing soon.
mount ruby will be a quiet surprise to everyone.
wish i had got in earlier 10 cents was ok for me-think i was the first to buy when they were back up and running.

 

[explod]

By jove Roysolder, you on the leaf. 50 to 1 sounds too good, and is usually faulse, can you elaborate?

Sorry Roysolder, missread your post, yes on paper at the moment 50 cents may be a realistic target, The chart is trending very well since trading started again.

 

[explod]

Apparently Krl had a very successful roadshow in London over the weekend. No announcement to ASX yet, should expect it soon. If production goes to schedule in Novemeber this stock may get a pretty good rerating

 

[explod]

Announcement out today, appointment of Mr Alan Doyle, senior international finance director to its board with immediate effect. Now that indicates something with big connections getting in.

Chart looking better each day too, break through .27 would be good.

I am holding

but often wrong in my calls so DYOR

 

[explod]

Consolidation now but we may see a breakout one way or the other. With the London Road show ending this week I expect a break to the upside.

Holding this

 

[explod]

Our breakout occurred and on to new highs this afternoon, 33 cents as we speak, not often up 100% in such a short time.

Cant stop thinking there is some type of connection with SSS, the rises have shown a very similar pattern and the coal targets are in the same area of Indonesia. Coincidence ???

Any other takes

 

[nq6]

Does anyone have any news on this stock, trading halt today, share price has hardly moved with the market correction.

 

[Airfireman]

Gday all,

Does anyone have any information on when KRL will be back on the market???

There has been a few announcements but not when they will be re-listed??

Thanks

Tim

 

[roysolder]

i,m betting wednesday 25th , their agm day and picking the sp will be well up after .40-.50 cents they are going to be busy with the 7 projects they have on the go

 

[Airfireman]

Could well be the 25th now that you mention it..
Worth hanging onto do you think Roy??
Once annoucements are made??

Thanks

Tim

 

[detector]

nice reading.. here goes my 10cents...

great assets, strong focused management..stuk to their plan and broke out past 3 cents onto 5 then speculators jumped in to 9.8 cents..

surprise announcement that production will occur in december..on to 14- 20 cents..street talk works it up over 30 cents then trading halt..

NICE announcement about new tenements...reopen????

Its gotta go nuts now... compare white haven coal resources to KRL for a share price indication..

these guys seem to be on a mission!! SSS looks like its trying to emulate KRL in indonesia compare their price movements over the past 5 months!!!

Mt ruby looks like the great unknown.. They still hold multiple tenements in OZ..whilst expanding in Indonesia.. The world wants coal.. china is building the equivalent of the whole of australia's coal fired power stations every 4 months!!!

I like KRL for 50 cents by xmas and 1 dollar next year..Just my opinion though.. been in at 3 cents down to 2 cents and all the way up to 25 cents..(ran outta money now! )

what do others think???

 

[Airfireman]

Yeah good post Detector..

Im a newbie and this was one of the first stocks i purchased at .15c after some researching. I have been waiting to see what happens after a trading halt.

Tim

 

[roysolder]

should be up and trading monday and maybe up to 50 c.check out the agm announcement. i read that in the words of the md he was quite chuffed with where the cpy was headed

 

[undertheradar]

Hi Guys,

First post on KRL, I DO HOLD KRL.

With share prices reflecting potential and not the present. I like what i see. Plans 4 mines over the next couple of years, producing 12Mtpa by 2013.
This company has the people, the resources and will have the capital to back it up(100 mill share placement). Not to mention arranged offtake. This equates to a proverbial load of potential.

KISS SUMS (keep it simple stupid)
profit per tonne working out SP at 10x Earnings (industry currently at 15X)
1 Billion shares 12Mtpa
$10 SP 1.20
$20 SP 2.40
$30 SP 3.60
etc

If we dont see 1.20 before end of year, i will be gob smacked

With china's hunger we are looking at some fat profits, not only to be reflected in SP, but divvies.

This is an exciting phase for this company, KRL.... go you good thing.

 

[toocool]

Been Keeping an eye on this thread and stock, any more thoughts on how its gone so far this week ??

Currently @ 0.230 and down a bit today.

ta

 

[explod]

Been Keeping an eye on this thread and stock, any more thoughts on how its gone so far this week ??

Currently @ 0.230 and down a bit today.

ta

Well of course it has only traded again today after being in voluntary suspension for over a month. A lot of holders would not have liked that and have punished it on the open accordingly. Volume in the first half hour was very solid but settled since and now sideway around .235. A capital raising recently took place at .25 so that has perhaps set a benchmark for our current position also.

A look over the projects being undertaken show a great deal of potential but from here they now need to deliver on the proposal to begin production of coal at Kalimanti , Indonesia, stated to begin later this month. Some brokers and analysts are calling it a buy at up to 55 cents. Any news of course that the production has begun, bearing in mind they seem to have many other good ones in the pipeline make this stock well worth watching IMHO.

As I said in the opening posts to this thread, began taking positions in and out from 5 cents and added to my position today at .24

We will see what pans out.

 

[Airfireman]

Thanks for a good explanation on what has happened with KRL today Explod.

As a newbie i was expecting mass buying once this stock back on the market..not mass selling!!!!!!!

Holding at .15

Tim