nodger69
11 Jun 2015
Big sells Presumably these are the placing shares being sold off for a 10% profit.Any thoughts on other reasons?
dickie3times
06 Apr 2015
Get ready for the next GOLD bull run.... ..not till 2016 2016 is start of new gold bull cycle[link] to cheer next yearDisappointing jobs and manufacturing data out of the US coupled with a sagging dollar sent the gold price on a tear Wednesday with the metal surging past the psychologically important $1,200 an ounce level and back into positive territory for the year.A new report by Metals Focus – Gold Focus 2015 – forecasts a bottom in the price of gold this year with a rising trend in 2016 after three years of declines.Short term the London-based research firm expects further price weakness in the coming months and a low for the year at $1,080 which would constitute a more than 5-year low. Metals Focus' estimated annual average of $1,190 would mark a 6% decline compared to last year.The actual start of US interest rate increases will – paradoxically – mark the turning pointing"The biggest headwind continues to be expectations of US interest rate increases later this year, as other developed economies’ ultra-loose monetary policies (notably the Eurozone’s) remain in place, this helping to drive
up the dollar against other currencies. Low inflation, weak commodity prices and strong equities are other factors that should keep gold under pressure," says Metals Focus in its 88-page review.The firm also believes that the actual start of US interest rate increases will – paradoxically – temper the pressure that expectations of a rise had placed on the price and mark the turning pointing.Shortly after the first Fed action in six years gold will start appreciating according to the report which is "premised on our expectation that these increases will be slow and modest, leaving real rates in negative territory for some time to come."From 2016 onwards, there are several plausible arguments to be made to provide the spark for a renewed gold bull market according to the report:While Western investor interest in gold remains low, selling pressure is likely to ease further from the already much-reduced level of liquidations seen in 2014.Meanwhile, Asian investment demand for physical gold is expected to recover from last year’s slump. In addition potentially gold-friendly developments in debt, inflation, foreign exchange, commodity and equity markets and the scope for a far more malign environment for international relations should also boost the price.
andyarob
10 Dec 2014
qpp
mantrova
26 Nov 2014
Re: RNS out/ not being bought Obviously our friends over the pond where KLG is also quoted, haven't been impressed with today's news. Marked up to about our close, but no vol to speak of.m
Shipright
26 Nov 2014
Sexy sleuth Are you in this again?
mantrova
26 Nov 2014
Re: RNS out Wow, it's seems to have taken an age for folks to catch onto this news!m
BuyBAO
26 Nov 2014
This touched 8p last month
geejay13
26 Nov 2014
RNS out Keyword Company EPIC/TIDM SEDOL/ISIN News Price Announcements Fundamentals News Article RSSKalimantan (KLG)Add to Alerts list Print Mail a friendWednesday 26 November, 2014KalimantanKalimantan Gold Positions for GrowthKalimantan Gold Positions for GrowthKalimantan Gold Corporation LimitedKalimantan Gold Corporation Limited ("KLG” or the "Company"
is pleased to announce that it has today signed a non-binding letter of intent (“LOI” with Tigers Realm Copper Pty Ltd. (“Tigers”, a private Australian corporation within the Tigers Realm Group of companies, to purchase Tigers’ interest in the Beutong copper-gold project, Sumatra, Indonesia (“Beutong”. The consideration for this acquisition will be the issue of 171,407,156 KLG common shares (“Consideration Shares” and 14,675,000 KLG share purchase warrants.Highlights Agreement reached to acquire Tigers’ interest in the Beutong Copper-Gold Project, Sumatra, Indonesia Beutong’s Mineral Resource on a 100% basis comprises: Measured and Indicated Resources of 93Mt at 0.61% Cu, 0.13ppm Au, 1.97ppm Ag and 97ppm Mo (0.3% Cu Reporting Cut) for contained metal of 1,241MIbs copper, 373koz gold, 5,698koz silver and 20MIbs molybdenum (0.3% Cu Reporting Cut); and Inferred Resources of 418Mt at 0.45% Cu, 0.13ppm Au, 1.11ppm Ag and 129ppm Mo (0.3% Cu Reporting Cut) for contained metal of 4,092MIbs copper, 1,746koz gold, 14,903koz silver and 112MIbs molybdenum (0.3% Cu Reporting Cut). Beutong’s Mineral Resource on a relevant attributable 40% interest basis comprises: Measured and Indicated Resources of 38Mt at 0.61% Cu, 0.13ppm Au, 1.97ppm Ag and 97ppm Mo (0.3% Cu Reporting Cut) for contained metal of 496MIbs copper, 149koz gold, 2,279koz silver and 8MIbs molybdenum (0.3% Cu Reporting Cut); and Inferred Resources of 167Mt at 0.45% Cu, 0.13ppm Au, 1.11ppm Ag and 129ppm Mo (0.3% Cu Reporting Cut) for contained metal of 1,637MIbs copper, 698koz gold, 5,961koz silver and 45MIbs molybdenum (0.3% Cu Reporting Cut). Complementary asset combination. Small-medium scale, near surface copper opportunity at KLG’s Beruang Kanan with potential to be the starter project, a large copper-gold growth option at Beutong, and a highly prospective copper and gold exploration portfolio Highly experienced resource industry CEO Tony Manini to join KLG as Deputy Chairman and CEO Extensive project evaluation, mine development and financing capability and experience available to KLG team Establishes a strong copper and gold portfolio close to key growth markets in the Asian region Diversifies shareholder base and expands funding options for KLG Capital raising of at least US$3 million to fund ongoing drilling and studies. Consistent news flow anticipatedFaldi Ismail, the current Deputy Chairman and CEO of KLG stated, “The acquisition of Beutong, combined with the Company’s own KSK copper Mineral Resource and its Jelai gold prospect creates a quality portfolio of pre-development copper and gold assets all located within Indonesia. All three projects have significant growth potential and their combination will create a platform upon which to continue to build a significant regional Asian focused copper-gold business. We are looking forward to working with Tony in our efforts to raise the necessary funding to progress the Company’s projects. It is expected that the combination of projects and a team with a strong track record in developing projects in Asia / Pacific will be well supported by investors”.LOI OverviewThe principal terms of the LOI provide that during a 20 day due diligence period (“Due Diligence Period“ the parties will negotiate a definitive agreement pursuant to which KLG will purchase the Optionholder (defined in next section) a wholly owned subsidiary of Tigers which holds Tigers’ interest in Beutong. The consideration f
