KRL - Kangaroo Resources

[roysolder]

very very interesting indead plugger.if i had more cash i know where it would be right now.well i hope you are holding some just the same

 

[mctanmar]

Hi all,

Just wanting to consult the brains trust for an update of what is going on with KRL been a bit quiet the last couple of weeks.

Thanks

 

[Tommo_Aus]

Yes it has been rather quiet. The acquisition announcement on December 16 mentions first production from Indonesia to commence in December 2009, seeing as its January should we be expecting an announcement soon?

I'm interested to know the progress of the Mamahak project.

 

[Airfireman]

I think there is a few of us out here waiting for the latest production info from Indonesia......holding solid

Tim

 

[Tommo_Aus]

Only a few days ago we started to discuss the progress of the Indonesian project and now we have news! First shipment of coal has been received by the power station

I tried to copy the announcement into here but the pdf didn't agree with me.

 

[Woodsy58]

I picked up a small parcel of KRL at .22 and I am looking forward to the new year....lets hope this takes off.

 

[explod]

Well the news we have been waiting for, production has commenced and the first coal delivered.

Announcement yesterday at 8.30am. To a firm .23cents today. With production to increase and two more porjects to be underway soon it is good to be a holder of this one.

Cheers to patient holders

 

[Tommo_Aus]

Surprisingly little movement over the last couple of days, there's been high volume but it hasn't resulted in a strengthened SP. Good news anyway, nice to see the first shipment arrive.

Still holding @ 23.5 (who knows, some day I might make a profit!)

 

[Irvinator]

KRL had a great day on Thursday prior to the Global Sell off plenty of buys at .25/.255 CR level , finished week at .235 not bad after the bloodbath, announcement must be coming soon, feb are maybe before glad to be holding this stock.

 

[Tommo_Aus]

Yes, I was in the green on Thursday which was rather pleasant : Unfortunate timing for the DOW but good to see KRL strengthen lately. This next month will be interesting to say the least.

 

[roysolder]

well we only have to wait a week or two for another mine up and producing announcement and its coming real soon i believe.
hope you guys hang in there like i am.
remember stonebridge have valued krl at .60cent
the cheques from coal shipment to indo power will be rolling in soon.
krl have an excellent team so be patient

jmho
roy

 

[mctanmar]

Yes,
I'm very happy to be holding KRL hoping SP can react in a positive way!!

The next couple of weeks will be exciting to watch.

 

[explod]

KRL activities report out today gives a tidy summary of current activities, two new acquisitions and production underway.

Full details at www.kangarooresources.com/

 

[Tommo_Aus]

I'm still having trouble trying to understand the movements of KRL. On one hand they make realistic and rational decisions with a clear strategic plan. They don't fail to meet deadlines and by the looks of it have a good grasp of dealing with the Indonesian authorities (essential for survival). It all runs like clockwork.

On the other hand with every good announcement the SP drops, seems to be one of the only companies where good news = bad news? Looking at the market depth its starved of buyers, hardly any support at all.

I don't have doubts about the way KRL operates, but if the market doesn't start to wake up to KRL at this stage then will it ever? What will it take? Perhaps we'll see the SP jump if they announce the new barge sunk and the workers have gone on strike

The market works in strange ways.

 

[explod]

Kangaroo Resources Limited
ABN: 38 120 284 040

ASX Code: KRL

9 February 2010

KANGAROO RESOURCES ANNOUNCES NEW CHAIRMAN
FORMER SENIOR DYNO NOBEL EXECUTIVE PETER RICHARDS APPOINTED AS CHAIRMAN

International coal producer Kangaroo Resources Limited (ASX: Kangaroo Resources Limited (ASX: KRL) (“KRL” or the “Company”) is pleased to advise that it has appointed experienced mining executive, Mr Peter Richards, as the Company’s Non-Executive Chairman, with immediate effect.

Mr Richard's role at Kangaroo Resources will be to assist the Company with its corporate development, as well as progressing the continued development of its high-quality portfolio of Indonesian coal projects as it ramps up production in 2010 and beyond.

Mr Richards is an internationally experienced business executive with a proven track record in the mining industry in a variety of management roles. These roles have included more than 30 years' experience with companies such as British Petroleum (including its mining arm Seltrust Holdings), Wesfarmers and DynoNobel – all of which have provided him with a unique understanding of the global resources and mining services industries.

He has a proven track record in managing and supporting complex financial and corporate activities and this experience has afforded significant exposure to the investment, broking and analyst community.

Mr Richards' international experience has also provided him with direct exposure to diverse cultures and has equipped him to start-up new businesses in a range of locations, including Indonesia, South Africa and Turkey.

He was most recently CEO of the ASX-listed Dyno Nobel Limited for 2.5 years. Prior to this he was based in Salt Lake City, USA, where he was the President of Dyno Nobel North America. Following the takeover of Dyno Nobel in 2008, Peter became a Non-Executive Director of Bradken Limited. He is also a Non-Executive Director of NSL Consolidated Limited.

Current Chairman Mark O'Keeffe will remain on the Board as the Company’s Managing Director and will continue to manage the day-to-day operations of the Company together with the existing Board and Senior Management team.

Commenting on the appointment of Mr Richards, Mr O’Keeffe said: “We are exceptionally pleased to
have attracted a Chairman with the experience and ability of Peter Richards to the Board of Kangaroo Resources.

“With the Company in a transition phase as it moves towards becoming a significant Indonesian coal producer, this requires a different set of skills within the Board to manage our development moving forward. Peter certainly has these skills and will add great value both in the short and long-term.

“As Kangaroo develops further it may require additionall appointments to bring further skills to the Board and this is something the Company will continue to monitor closely,” he added.

ENDS

Further information:

Mark O’Keeffe
Managing Director
T | +61 8 6102 6990
E | info@kangarooresources.com
W| www.kangarooresources.com

 

[Tommo_Aus]

Yay, an update on Makahak

-Mamahak now online
-Appears to be more coal than first expected (SW block)
-Far ahead of schedule

All good signs and meeting/exceeding expectations once again. I wonder if the market will wake up to this or if it'll go unnoticed once again

 

[explod]

Yay, an update on Makahak

-Mamahak now online
-Appears to be more coal than first expected (SW block)
-Far ahead of schedule

All good signs and meeting/exceeding expectations once again. I wonder if the market will wake up to this or if it'll go unnoticed once again

Really does not matter, just think of the dividends down the track and due to a recent policy statement by Indonesian Government on wanting to be self reliant on coal would not surprise me to see a large takeover offer.

This baby is going to have legs IMHO

 

[AngusSmart]

i'm holding a few krl and considering buying more, probably seems like a good time considering most of my other stocks are not performing so well.

 

[explod]

The Board of Kangaroo Resources Limited wishes to announce the resignation of Non
Mr Alan Doyle. Mr Doyle joined the Board in late 2009 in order to promote the Company internationally
and to provide assistance with fund raising initiatives. With his role largely completed, Mr Doyle will step
down from the Board effective immediately.
“On behalf of the Board, I would like to thank Alan Doyle for his efforts over the past few months in
assisting Kangaroo Resources through a challenging phase in its early development,” said Mr O’Keeffe.
Further information:
Mark O’Keeffe
Managing Director
T | +61 8 6102 6990
E | info@kangarooresources.com
W| www.kangarooresources.com
6990
Jakarta Office
Kantor Taman A9 Unit C8-C10
Jl. Mega Kuningan Lot 8.9/9
Jakarta 12950, Indonesia
DIIRECTOR RESIIGNATIION
ENDS
Telephone +62 21 5793 3425
Facsimile +62 21 5793 3424
Kangaroo Resources Limited
ABN: 38 120 284 040
ASX Code: KRL
Non-Executive Director

There were some questions over this member of the board apparently. Of course the magnitude of KRL's resources were very unknown early last year, so much has happenned so fast that it has probably been a logistical nightmare getting so many good things together so fast. However with the new appointment of Peter Richards to fulfill the role of promoting the company now we may well see the international and institution attention that this great prospect (producer now) deserves.

I hold shares, so DYOR

 

[Woodsy58]

Hey Explod
Can you not tip KRL next month, please! I can't think of any sane reason why this stock is going down...!