I dunno , I'm kinda partial to the work that ' Clowns ' do ....... But not so sure it applies in this instance
Because I'n not so sure that Investor's actually realize what they have here in KALNORTH . Apart from the fact that the area is absolutely HOT at the present moment , you only have to really go back to the end of April to correlate the times when the Company received it's ASX price query around the 27th,28th , and 29th April when these unusually BIG trading sessions generated 25,60,973 of ASX volumes.
So then the price query is received on the 27th from the ASX which turns up Zilch .....and then around 2 weeks later on the 13th and 14th of May we have the consecutive heavy volume trading days on RGL before it is Halted and an announcement in the customary 5 days following that Tolga Kumona has become a substantial holder.......
So it seems a bit strange to me that in the days preceding the 3 heavy volume days on KGM , you had absolutely nothing being traded for the entire 8 days prior , and with RGL there was a similar scenario or pattern where there was ZERO volume being transacted in the 7 days prior to Tolga taking his position.
Nevertheless , and whatever the case was , whatever happens with RGL or any of the other Players in and around the Kurnalpi Areas will definitely be reflected on KGM in time.
And it is my belief then , after you do your research , you will soon become aware of the ' expanded ' tenement position that KGM has come into possession as a result of the defunct Fairstar Resources. ( re: attached map )
So obviously it may not be fully understood by the Market from the ' Old ' days of Fairstr and Golden West Mining that these ex-holdings of Fairstar's at some point fell under the ownership of KGM ( Kurnalpi Gold Pty Ltd ) which scooped up the main exploration tenement E28 /1749 which is ideally bordering RGL's Queen Lepage target tenements ed more ore less adjacent to
Whats then equally interesting from there is that the other 14 blocks covering E28/1561 , E28/1687 ,E28/1748 are currently open and up for grabs with E25 / 393 covering 21 blocks and M25 / 393 covering 599.63 HA and was valid for 2 years out to 2034 and is currently held by a Gentleman and Geologist named Alan Paul Rudd who used to be a Director of Golden West before it was taken over by Fairstar. So it will be interesting to see if this Rudd Guy ends up popping his head up in and around this area anytime soon.
There is also the fact that I have never seen a ' Spec ' mining company that hasn't in turn been taken over that has the Top 20 holders who are holding approximately 95% of the company and even more with 98% holding share parcels of 100,000 or more.
I find it even more staggering that a Company that currently has a combined JORC of almost 500,000 ounces of GOLD ( re: 2019 Table ) across these KEY tenements can only be valued at a mere $8 million. Especially when you compare it to some of it's immediate peers and the' Deal ' making which asserts to TOLL more ounces through the numerous ' under utilised ' processing plants currently operating in the surrounding Jurisdiction. Namely Raelieus , Silver Lake , St Barbara , Breaker et al........
