KRL - Kangaroo Resources

[explod]

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

Sorry about that Woodsy. Anyhow who knows, I havn't been placed in the top two of the comp for a few months and think I'm due, so hope your' holding. Anyway the action today looks like a promising change, with production underway and talk of quality coal going to $230 a tonne will give a mighty lift soon IMHO.

 

[Woodsy58]

I am indeed holding Explod and I would love nothing more than for you to take the prize in the tipping comp with KRL...just cannot understand why this stock has gone down over the last couple of weeks.
I should know better than to try and understand the market ....

 

[explod]

I am indeed holding Explod and I would love nothing more than for you to take the prize in the tipping comp with KRL...just cannot understand why this stock has gone down over the last couple of weeks.
I should know better than to try and understand the market ....

Well the move is certainly on now Woodsy58, perhaps someone has been reading you. Could even make "potential breakout alert" today

 

[explod]

On the volume and size of buys today it seems to me that news of increased production and contracts must be close at hand.

Cheers to holders

 

[Woodsy58]

Good to see you have not lost faith and tipped this again Explod, It looks good and I am hoping this takes off this month. Still holding.

 

[explod]

Good to see you have not lost faith and tipped this again Explod, It looks good and I am hoping this takes off this month. Still holding.

Well by the number of projects and estimates of quality and tonnages per the quarterly report we may have continued increases for a long time. However "the fat lady has not sung" yet

 

[roysolder]

something is in the wind ,big volume and turn around in price.exspect contracts and sales news soon
roy

 

[explod]

Report just out by D J Carmichael, indicating 2 projects now underway fulfilling contracts and broker valuation of 69 cents. link http://www.kangarooresources.com/pdf/DJC_210410.pdf

Seems to me this mob is a bit slack on letting the market know what is going on.

Anyway, very chuffed to be holding

 

[explod]

Still no official ASX report out but the offmarket deal of 15 Mil yesterday and the volume and rise since would indicate that patient holders may soon be rewarded.

 

[roysolder]

good volume goig through and tested .25 this week xplod.glad to be holding too!should be some good news out this week and next

 

[AngusSmart]

KRL SIGNS COAL EXPORT SALES CONTRACT WITH CHINESE OFF-TAKE PARTNER


finaly some good news out of this one! looks like a fairly big Chinese company too!!

 

[ep20072008]

Drop 7% this morning so far. does that because marekt interpret their cashflow report as spending too much and may need another capital raise ? i am a little bit confused..

 

[Mister Mark]

Been holding KRL for a while, seemed like some good news coming out but little market interest and downward movement.
Any one have any ideas?

 

[Tommo_Aus]

It seems to be a rather repetitive cycle with KRL, I used to hold (bought @ 23.5c) but sold for a loss a month or two ago @ ~19c. As I've said before in this thread, KRL is one of the only companies I've found where incredibly good news results in a massive hit, buy on rumour sell on fact is taken to the extremes.

I've always found management to be making good decisions and its very much a producing company but at this stage the market still hasn't backed it big time. I may consider buying in if the SP hits 14c, something in me hopes it doesn't make it that low but for the time being this is either a swing trade or a very long term hold. Not trying to downramp but this is my experience with KRL.

 

[AngusSmart]

Was up a good 5% this morning, and then into a Halt?

finally do we have some good news? i really hope so!! anyone got any ideas at all?

seems like we will have some news on the 17th.. or before..

 

[AngusSmart]

Few days old... but Once again some good news, they seem to be expanding operations over there.. but no real move on price.. would this company also be effected by rudd's super tax? or are they exempt?

DRILLING TO COMMENCE TARGETING INITIAL COKING COAL JORC RESOURCE WITHIN
3-6 MONTHS
​

HIGHLIGHTS
• Due Diligence completed on KRL’s interest in five advanced coal projects in Kalimantan, Indonesia, including the priority Kubah Indah Coking Coal Project
• Kubah Indah drilling to commence shortly targeting maiden JORC-compliant coking coal resource
• Acquisition paves the way for ramp-up of production to 1-2Mtpa of coking and thermal coal by the end 2010
• Purchase price for all five projects renegotiated in favour of KRL for 300 million KRL shares to be issued upon shareholder approval at EGM to be announced shortly
• MBK and BP Project interest increased to 100% (previously up to 50%)

 

[roysolder]

i don,t think the super tax on mining will bother krl at all in fact it may be in there favour.hope it is not introduced for everyone elses sake.
sales figures will start coming through soon for coal.

 

[roysolder]

and the sale of mamahak 30000 stockpile is a bonus. no production costs.only transport costs and the cheques in the mail

 

[Mister Mark]

Still we have no sales figures that i know of and nothing from management for some time, the SP just continues to go south, is there something on the horizon or am i dreaming?

 

[AngusSmart]

Kangaroo on a Trading halt today in relation to a material funding agreement?

should be back active on the 1st of july.