KRL - Kangaroo Resources

[detector]

i agree with airfireman.. i thought it would go nuts today, however! most reasonable stocks retreat to or around the capital raising price from what i have seen over the years b4 they advance once more..

On a positive note..its a great opportunity to up my personal stock levels...beneath the capital raising price too!!

I still think its only the beginning for this stock and these guys...lets remember that everyone is about making money.. no one actually tries to lose it do they?!

Lets also not forget that the last month has seen some volatility in world markets and different stock prices have reacted differently..i dont need to sell so i wont but others may have gotten nervous and bailed out.. to each their own..

i for one am holding my balls and looking forward to the future

No offense to anyone intended and all my own personal opinion..

 

[Tommo_Aus]

I'd been humming and harring for a bit about KRL and when I saw offers @ 23.5c today I decided to buy in. Lets see how things go!

 

[Airfireman]

Ok guys,,,, now as a newbie i am totally confused as to why the KRL sp has been on such a slide backwards since being relisted???


Please explain!!!!!!!!!!!!!

Explod: your giving us a nice head start in the Dec tips comp...

Tim

 

[toocool]

Yeah, im getting near my stop loss on these already, holding at .24 after the holt.. will prob hit it today.

 

[Tommo_Aus]

Not quite what I was expecting after buying in @ 23.5c on Friday, I thought the drop was over. I have to say I wasn't expecting it to close at the previous closing price after how trading started today, but good that it did. Seems to be an interesting trend developing where the moment I buy in there's a massive plunge in SP

 

[explod]

There has been persistent dumping in very small lots. My view is that someone has been trying to entice large numbers at a lower price for accumulation.

I too took up a large parcel at .235 and purchased some more today at .19 A good read over the latest report and the consistency of those together with a look at the profile of the Board members makes me confident that this will soon return to higher levels. Although it does not have the gap down you would call the days chart candle a reverse hammer. Should go up tomorrow but remains to be seen.

Happy to be holding this stock

 

[Tommo_Aus]

I only have a small interest in KRL (I'm at the cash/shares ratio limit I set myself) but I have to say it was hard watching trades @ 17c without putting in any bids for myself.

 

[Airfireman]

Since KRL has relisted i have been anticipating this great rise in the SP...but now Im trying to decide if the price drops any lower that buy in more....its gotta rise soon..

 

[roysolder]

we are likely to get some news very soon re production and i thing a second project may be started sooner than expected.
don,t forget mount ruby which is a big project in itself which seems to get forgotten.
i,m holding a large amount of both krl and pzc(sams sea food)

 

[explod]

Good news for the faithful holders this morning, Management, directors and those close to the Comapny will escrow their holdings (40% of total on issue) for 12 months.

And first production for this month still on target.

Maybe our drip seller of the last few days was one of the parties and ballancing before the freeze.

 

[detector]

I for one felt sick watching it go down from .30 to .17! However! u gotta have balls to play the stock market so i bought in nicely .17-.20 and happy i did.seems news ( and whispers ) tell a positive tale..and after watching yesterdays close and support for the stock today things are looking up...not sure about .50 by new year anymore though...

 

[explod]

0828hrs, Company announcement that all is on track for first coal production this month. Having good cooperation with the local community, present infrastructure better than thought and costs savings on transportation.

Its been hard to sit the drop in the share price out but followers will be rewarded soon IMHO

cheers explod

 

[roysolder]

You are so tru explod,and coal is already sold to indo power company.i think with the cost savings a second project due in 2010 will start sooner.
glad i,m still in.in fact bought more yesterday.
they have been valued at .55 cents

 

[Irvinator]

Fabulous announcement from KRL yesterday. I have been in for some time and my faith in this company has grown from strength to strength. Should see a considerable break very soon given the Projects coming on line at the moment. Should be a very merry Christmas and very very Profitable new year for holders of KRL

 

[Tommo_Aus]

Dear Sir,

REQUEST FOR A TRADING HALT

The Board of Directors of Kangaroo Resources Limited (KRL) requests that the Company's securities be placed into trading halt immediately, pending the announcement of a strategic acquisition.

The trading halt is expected to be in place until the earlier of when the announcement is made of the commencement of trading on Friday, 18th December 2009. The Company is currently finalising the arrangements and expects to make the release very shortly.

KRL is not aware of any reason why the trading halt should not be granted.

Yours sincerely,

Faldi Ismail

Director
Kangaroo Resources Limited

The text in the announcement was made bold by me. Any idea's on what the "strategic acquisition" could be? Could this be the purchase of another mining site? Hopefully this halt doesn't last as long as the previous one...

 

[explod]

The text in the announcement was made bold by me. Any idea's on what the "strategic acquisition" could be? Could this be the purchase of another mining site? Hopefully this halt doesn't last as long as the previous one...

The last stop was a voluntary suspension. This reads as a normal trading halt and will trade back at the latest by Friday, the announcement usually comes just prior to the halt being lifted.

The rationale is to control insiders jumping in (on short speculation) as announcements get close. Noticed on Hotcopper and great deal of ramp speculation yesterday. It is in the control this type of rabble that Trading Halts can help.

cheers explod

 

[Tommo_Aus]

The last stop was a voluntary suspension. This reads as a normal trading halt and will trade back at the latest by Friday, the announcement usually comes just prior to the halt being lifted.

The rationale is to control insiders jumping in (on short speculation) as announcements get close. Noticed on Hotcopper and great deal of ramp speculation yesterday. It is in the control this type of rabble that Trading Halts can help.

cheers explod

Correct, but going on prior experience with other companies the stated date doesn't necessarily mean the trading halt will be lifted on that date. Quite often it can be extended significantly by issuing subsequent trading halts.

 

[Tommo_Aus]

I have to say I wasn't expecting the announcement to be made that quickly, looks like I was right about the purchase of another mine. Its turning into quite a large operation for KRL in Indonesia.

 

[roysolder]

not wrong re large operation.purchase of mamahak completed,barge has been purchased 30k stock pile of coal sold and ready to ship.
krl are technically already producing coal.and sold to indo power already.
btw they had a re rating by stonebridge to .60

 

[Plugger]

Aye I really should invest more in KRL, just means I'll have to sell something else... The first fortnight of January will be interesting when everyone's back in the swing.