Australian (ASX) Stock Market Forum

KRL - Kangaroo Resources

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I think it's taken a while for a mix of profit takers and share dillution to take affect but it looks like thats happening now. I might get in again around the 14c mark.

This is a fairly volitile stock so if your timing is good (BEtter than mine) then you be going for a good ride

cheers
 
Big jump today up almost 20% with good volume, ? announcement next week. Jumps back on board today and looking forward to next week.
 
yeh suprisingly krl defied the market today up a massive 20%,,, wonder what drove it up so much...
perhaps another announcement is close.... ?? who knows... still holding it to see where it ends up :)
 
Wouldn't get too excited its just finished a 60% drop in Price.
25c to 15c.
At 18c still a long way off last week.

That Blue line is at massive resistance and the high volume at 24.5c is SELLING
This needs to be exhausted before it will move beyond these limits.
Worth watching to see what it does next visit to these limits (25c.)

Click to expand

KRL.gif
 
Looking at the volume bought before the big move up.. and the volume that was sold down at the 25c mark one would think that the influx of "mates" have sold out for a quick buck..

be good to see what happens on monday and into next week. here's hoping the roo can jump on up and over that resistance :)
 
:)

Hi folks,

KRL ..... increased volume, since coming off its lows in late-November 2010
and a significant engulfing low last Friday, also supported with good volume ... :)

..... expecting a positive time cycle to come into play, around 13-14012011.

Other indicators looking more negative, so this current upmove may only
be short-lived.

have a great week ahead

paul

:)

=====
 
yeh... krl sp baffles me... massive retrace from 25cents down to 15.5....
most recent announcement was the resignation of Faldi.... bayan at work perhaps?

ive changed my view on this from short term hold to mid/long term hold...i see big things happening for krl in the next 12 months.... once bayan get in coal sale announcements will start flowing...
fundamentals are still strong for krl... at current prices might be a good time for consolidation??
where are all the roo enthusiasts ?? the thread is eerily quiet

obviously these are my own opinions... dyor as always.. :)
 
grandia3 said:
Pardon my ignorance, but does the recent announcement say that Bayan now has control over KRL?:confused:
Click to expand...

they own 57% of the company.. of course they do.. i think this is after share holder approval....

this should be good news however, the markets not reacted too well about it.. hopefully its just a sleeping giant.. i'm holding onto this for another year or more.. been holding since 2009 whats a few more years..

Dyor
 
axelord said:
this stock sucks :banghead:. what can happen to see the sp goes up again?!!!
Click to expand...

We need the Independent Expert's Report on the proposed Pakar Project acquisition.
Not much information has been given to shareholders regarding the Pakar Project, such as potential coal sales per annum and margins.

Also the Mamahak coal project needs to be ramped up close to 1 million tonnes p.a currently processing one quarter of that.
 
What is happening with this stock

My interest has waned and no news is not always good news. I understand the cogs move slowly in Indonesia but...................
 
AngusSmart said:
Bottom drawer with this one Kev..

things can only get better right??
Click to expand...

lol, looks like still some way left to fall yet, dropping down to 10.5c today :p:. They do tend to be a little slow, this latest Bayan transaction being a good example. But I still think the long-term is looking good, just not expecting much short-term
 
Oh man, seems like the announcement on the 28th wasn't very well recieved. I only glanced over the activities statement cos I'm fairly busy atm, but the acquisitions seem to be progressing so I'm not sure what the problem was. I haven't checked the cashflow report but I guess the drop was either due to suboptimal numbers in the cashflow (which would be weird given their current activity) or the numbers in terms of the coal acquired in the projects has changed. I'll have to double check those.
 
explod said:
We seem finally to have some positive direction for long suffering KRL holders. Good Reserch Report out today today regarding the finalisation of the link up with Bayan Holdings.

Now perhaps we will produce some of that good coking coal and ring the cash register.

http://www.google.com.au/#hl=en&xhr...gc.r_pw.&fp=caf0fd19ad4186f2&biw=1381&bih=832
Click to expand...


Nice day huh, I am still holding a small bit but had to sell out some 100,000 shares earlier this year.. am still about 13c off my average :(

good to see it finally moving in the right direction after an announcment eh.. however the some 100,000,000 mil shares last week or so a little bit of leaky boat once again. tho it wasnt quiet news that we didnt already know was going to happen..
 
Over the last week Kangaroo Resources has spiked from 2c to 4.3c on speculation that its largest shareholder PT Bayan Resources Tb may be interested in acquiring all of the company.

KRL really started to move on 4 May, prompting a please explain from the ASX. In the company's reply released today it stated the following:
The Company recently received a request from its largest shareholder, PT Bayan Resources Tbk (56.05% shareholder) for the two parties to enter into a confidentiality agreement ("CA"). The CA is presently being finalised with a view to being executed later this week. In entering into the CA, the Company understands that PT Bayan seeks to obtain confidential information, and potentially undertake discussions with the Company, with a view to making an assessment whether to submit a proposal for the acquisition or purchase of all KRL shares not already owned by it.

The confidential information covered by the CA includes all information relating to the Company which is provided to PT Bayan under the CA (other than usual and standard exceptions such as information already known to PT Bayan or in the public domain), and also includes any discussions or proposals that might arise or be received under the terms of the CA.

The engagement regarding the CA is at a preliminary stage and there is no certainty that entering into the CA or related discussions between the parties will lead to Bayan taking any action, or the notification or receipt of any action or proposal by Bayan, or that any transaction will eventuate
Click to expand...

big.chart-KRL.gif
 

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