Ann: KalGold consolidates strategic position at Pinjin, page-8

KalGold has a relatively small register imo, with total circa 158.2m SOI (including performance rights and restricted shares) plus around 94m unquoted Options in total (among them 20m expiring late 2014 with EX price of 25c; and the remaining options exp in 2025/2026 with EX price of 6c). They raised some $2m (@ $0.032) in May and June last year, and still has circa $2.34m cash in the bank at the end of Sept 2023 (with tight qtrly spend around half a mil spent in Sept 2023 quarter; ~$700k in June 2023 quarter and circa $480k in March 2023 quarter so quite reasonable imo considering the work done (e.g. initial MRE on La Mascotte gold prospect released) ).
With Gold price sitting at record high (around US$2050/oz at the moment) and looks like going higher in medium/long term by the looks (talking about rate cut late this year too?) any good news from drill bit in either Pinjin area (including farm-in tenements) as well as possible mineralisation expansion in Bulong Taurus area etc. (esp La Mascotte), guess KalGold will be in a much better position at least better than the current one against the backdrop of macro on gold.. Aimho. GLTA.