I've held KGL for a number of years and the only thing I can think of is people are bottom fishing and KGL is becoming a speculative play. They have turned it around with the Savoyardy and Dunmarra acquisitions as the Akbel venture had consistently disappointed.
Savoyardy has displayed some very good historic grades and if they aim to get a JORC compliant resource out by March 2008, I would suspect that some are seeing that at the current market cap, KGL will be way undervalued for a company who *may* be able to produce a JORC compliant resource.
The U308 prospects are also intriguing, as well as the geo-thermal projects. Bottom line is, KGL ahve diversified out of the Kyrgyz republic, have enough cash for 12 months or so and if they find anything of note should appreciate considerably from here. They floated at 50c.
DR
KGL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
