KTA - Krakatoa Resources

[System]

Krakatoa Resources Limited (KTA) is an Australian based, Indonesian focused exploration company which holds an Option to acquire an interest in an exploration licence prospective for gold in Central Sulawesi, Indonesia.

http://www.krakatoaresources.com

 

[Lisa Edwards]

KTA - Krakatoa Resources - Breakout

This stock appears to be in a breakout. All indicators show good signs with strong buyers and little supply. Latest news seems great also. 52 weeks highs hit yesterday.

"Krakatoa has entered into a strategic alliance with PT. Sitasa Resources, a holding company for the Sitasa Group of Companies (“Sitasa Group”), a well-established and highly successful exploration and mining company with a proven track record of success in Indonesian resource projects. Specifically, Sitasa Group is one of Indonesia’s largest high grade iron ore producers."

My question to the forum is, will this stock be a long term buy or short term buy, thanks?

Company News Source :

http://www.aspectfinancial.com.au/d...Jyb3JwYWdlcy9wZGZkZWxheWVkLmpzcA==&popup=true

 

[greggles]

KTA has really taken off after being re-instated to official quotation on 26 September. Up from 2.5c in early October to a high of 6.3c today.

Today they announced that they are exercising their option to acquire The Belgravia Project, located in the East Lachlan province within the Lachlan Fold Belt, NSW.

Worth a look.

 

[Dona Ferentes]

Belgravia Project is KTA's focus these days. Looking for porphyry copper/gold systems in central NSW.

"Remarkably, our ground has never been drill-tested, so we are teaming up ... to change all of that. Recently, we finished our maiden air core drilling programme designed to detect any rumblings that may point to a porphyry system below,” says executive chairman Colin Locke.

Some 128 aircore holes, total 2358m, have been drilled, looking for pointers to a porphyry system below. Expect results within 4 weeks (17/3 Ann). Also aeromag surveys done.

Belgravia Project covers an area of 80 square kilometres in the central part of the Molong Volcanic Belt. There are 6 initial targets, three of which are in the Bell Valley Target Area and which lie in the same rocks that host Cadia and Alkane Resources’ Boda discovery.

And of course, the eternal optimism of the small cap explorer

Krakatoa is not so much hoping for a bit of “nearology” ..... Locke believes it deserves some “nearer-ology.” “When it hit Boda, Alkane referred to Cadia and the MVB,” says Locke. “Boda is about 100 kilometres north of Cadia, while Belgravia is only 35 kilometres north of Cadia”

$6million cap at 3c a share

 

[Dona Ferentes]

Belgravia Project is KTA's focus; Looking for porphyry copper/gold systems in central NSW.

And of course, the eternal optimism of the small cap explorer

$6million cap at 3c a share

so much for this punt (Painless, as it was an entry in the April tipping competition only.) KTA comes out with the initial results ..... as promised .... on time ..... and down a WHOPPING 44%

AC Drilling Defines Geochemical Halo at Bella Target
 Anomalous “deep lead” gold (192ppb and 187ppb Au) intersected next to the Bella Target in shallow drilling
 Two pathfinder-enriched zones delineated – one substantial halo located at the Bella Target; the other adjacent to the Lara 1 and 2 Targets
 Gold and copper enrichment increases to the south and at depth
 Previously unknown occurrences of monzodiorite discovered which are commonly related to porphyry Cu-Au deposits
 Deep ground penetrating radar proposed as next step to systematically progress to drill testing at depth

Of course, the target info isn't that good. Vague, implying more work = expense for that nebulous halo (single). Definitely not a (poly) cracker

 

[Dona Ferentes]

overview

When you’re hunting an elephant, it pays to keep an eye on the rest of the country around you – you never know what you might miss.

Explorer Krakatoa Resources has kept its eyes open, and now has a second project just as promising – if not more so – than its “elephant,” the potential deep porphyry copper/gold system it appears to have at the Belgravia prospect, in the prolific Lachlan Fold belt in New South Wales.

About 50 kilometres east of the Belgravia Project is Krakatoa’s wholly owned Turon Project, which it was granted in February following a licence application, in a beautifully non-dilutive deal for shareholders. The Turon Project covers an area of 120 square kilometres in the Hill End Trough area of the Lachlan Fold Belt, a ground package liberally sprinkled with historical workings that centred on high-grade gold mineralisation......

https://www.sharecafe.com.au/2020/0...ft-krakatoas-near-term-focus-on-lachlan-fold/

 

[Dona Ferentes]

so much for this punt (Painless, as it was an entry in the April tipping competition only.) KTA comes out with the initial results ..... as promised .... on time ..... and down a WHOPPING 44%

A bit of speccie chatter and tip sheet interest, and KTA up, up and now over 6c.... doubled since the competition closed. Oh well! Sigh!

The drill program is to test the Company’s exciting shallow gold targets at the Turon Project in the Lachlan Fold Belt, which include:
o RAB drillholes results up to 10m @ 1.64g/t gold from the surface to end of hole which have never been followed up at the Quartz Ridge Mine
o Multiple high-grade rock chips up to 1,535g/t gold at the Dead Horse Reef Mine
o Recently generated DGPR anomalies at former gold producing Britannia Mine
- Drill program to commence this month

 

[Dona Ferentes]

and a bit of a leak here, insiders and all that, p'raps. Today's announcement saw it get to 12c before retreating (In other words, the early money probably unloading a few)

KTA Acquires Historic High Grade Gold Mines & Substantial Acreage Expansion in the Lachlan Fold Belt
- Application made for the Rand Project, covering a substantial area of 580km² in the Central Lachlan Fold Belt, NSW

- definitely elephant hunting in central W of NSW all the go.

 

[barney]

and a bit of a leak here, insiders and all that, p'raps. Today's announcement saw it get to 12c before retreating (In other words, the early money probably unloading a few)

I confess I haven't read the Co's "resume" closely, but it certainly looks like a case of overexuberance They still have to review the historical data, which at face value looks a little underwhelming.

None of that means it cant keep rising of course, but I'd be backing a healthy retrace over the next few days once the traders have finished their business.

 

[Dona Ferentes]

and a Trading Halt.

Script being followed. CR

 

[barney]

and a Trading Halt.
Script being followed. CR

Indeed DF. It all looks a little fabricated but I guess management could be applauded for such a healthy pump immediately before the inevitable cap raise

The punters who bought between 9 and 12 cents yesterday may not be feeling quite so chuffed.

My guess would be around 7.5 cent CR and hope they drill up some good results not too far down the track.

Few too many red flags around this one for me. My three mates think so too, lol

 

[Dona Ferentes]

"Demand for the Placement was extremely strong and significantly oversubscribed." Snagged 30 million shares at 8c. Although, @barney looking like it may open up, above 10c. Will see how it holds, but I don't think I'll dabble.

Investor presentation out .... still pumping.... early days

Belgravia
GEOLOGY • has identical rocks (Fairbridge Volcanics and Oakdale Formation) that host the giant Cadia Ridgeway mine and Alkane’s Boda discovery in the MVB
WORLD CLASS LOCATION • 35km north of Cadia, 65km south of Boda Discovery and abuts Copper Hill
DRILLING • 127 x AC holes drilled that matched geochemical enrichment zones with geophysical signatures, deeper drilling planned

Turon
GEOLOGY • Shallow high grade gold via orogenic vein systems at Turon in the Hill End Trough
WORLD CLASS LOCATION • Located within the wider Lachlan Fold Belt, host to >80Moz of gold and >13Mt of copper.
DRILLING • Drilling program to commence July

Rand
GEOLOGY • De grey style prospectivity at Rand related to I-type granite intrusions into sedimentary rocks
WORLD CLASS LOCATION • Located within the wider Lachlan Fold Belt, host to >80Moz of gold and >13Mt of copper.
DRILLING • Aggressive pre-drilling exploration underway

(don't hold)

 

[barney]

"
Investor presentation out .... still pumping.... early days

I like their land, but not keen on this type of price action

The cap raise holders now have 20 million shares they will be keen to profit on, so they will be looking to keep it higher for a little while.

Too many uncooked fish left out overnight for my liking Interesting just the same.

 

[Dona Ferentes]

no news is good news for those in the know?

A bit of interest this morning with an early 20% leap.

 

[peter2]

Now I've seen it all, a chart with bells on it.

KTA ends the day in a trading halt as they handle response to "ASX speeding ticket". Leaky ship re drilling results?

 

[Miner]

and a Trading Halt.

Script being followed. CR

View attachment 105676

Another trading halt today after a massive rise on volume and only 22 pc rise on price. Reason for halt was to reply a query from ASX.
I tracked the recent announcements and found the following :

1. https://www.asx.com.au/asxpdf/20200916/pdf/44mpp3rzy9gyfr.pdf - trading halt
2. https://www.asx.com.au/asxpdf/20200812/pdf/44lfqnd7263n12.pdf - substantial holding increase.
3. https://www.abc.net.au/news/2012-09-04/australian-accused-of-funding-private-somali-army/4242778
4. https://wikispooks.com/wiki/Lafras_Luitingh
5. https://en.wikipedia.org/wiki/Executive_Outcomes
6. https://www.linkedin.com/in/lafras-luitingh-9671b381/?originalSubdomain=zm

 

[Dona Ferentes]

Belgravia
GEOLOGY • has identical rocks (Fairbridge Volcanics and Oakdale Formation) that host the giant Cadia Ridgeway mine and Alkane’s Boda discovery in the MVB
• 35km north of Cadia, 65km south of Boda Discovery and abuts Copper Hill
Turon
GEOLOGY • Shallow high grade gold via orogenic vein systems at Turon in the Hill End Trough
WORLD CLASS LOCATION • Located within the wider Lachlan Fold Belt, host to >80Moz of gold and >13Mt of copper.
Rand
GEOLOGY • De grey style prospectivity at Rand related to I-type granite intrusions into sedimentary rocks
WORLD CLASS LOCATION • Located within the wider Lachlan Fold Belt, host to >80Moz of gold and >13Mt of copper.

and now ... drum roll, please

-New Exploration Licence Applications have significantly expanded the Company's Mt Clere Project to 1,780km²
- Mt Clere, in WA's Gascoyne Region, is prospective for: Rare Earth Elements; Heavy Mineral Sands; and Intrusion hosted Ni-Cu-PGEs

Lots of Market Sensitivity; reacting like the proverbial bride's nightie.

 

[Sean K]

KTA maybe finding some interest on the REE bandwagon. Potentially breaking up ATM. MC still under $20m ish.

 

[Dona Ferentes]

KTA maybe finding some interest on the REE bandwagon. MC still under $20m ish.

KTA seem to be redirecting their energies to "the next big thing", picking up some 2000sq.km. in the Yilgarn, and having a punt for Rare Earth Elements. And not only that, but hoping for ionic clay REEs. Also mentioned in dispatches is the potential for Ni-Co-PGEs on the acreage. And there still is a drill hole or two to go in, at Lachlan Fold Belt in NSW.

Don't be too seduced by the 10,000-type TREO numbers coming out of the stream sampling already done around Mt Clere. Drilling needs to happen to find out if there are suitable REE concentrations and, especially, whether the clay is ionic clay and likely to host said REEs in sufficient concentrations.

That said, some options have been converted so there is cash in the kitty, and a exploration program will kick off soon.

There is a recent webinar out: https://www.sharecafe.com.au/2021/08/30/a-focus-on-rare-earths/
If you ever need to know why car yard owners out the Windsor Rd shouldn't do their own ads, then this 16 minutes will add further evidence to the prosecution.

 

[mullokintyre]

Up 12% today.
I am now out of the red and into the black.
need it to add 0.003 cents to that price for an exit.
mick