KRL 0.00% 14.5¢ kangaroo resources limited

old article and value driver observations

  1. 1,069 Posts.
    I know it's old news by now but it's a nicely detailed article and it still makes you feel warm and fuzzy about where your money is invested and there's not much else to do or say whilst we wait for trading to recommence.

    http://www.proactiveinvestors.co.uk/companies/news/9721

    What is most impressive at the moment is the growth path KRL have in front of them. There are value drivers right the way through the next 2-3 years that should see significant rises in the share price on a regulr basis. And all going to plan those milestones should start being hit within the month and continue on almost indfinitely.

    Nov 2009 - 4 additional coal concessions
    Dec 2009 - Production to start at GPK
    Early 2010 - Drilling results for resource expansion at TJ
    Mar 2010 - Production to start at TJ
    Mid 2010 - Production ramp up to 1Mtpa from GPK
    Late 2010 - Production ramp ups to 2Mtpa from TJ
    Sometime 2011 - Production ramp up to 4Mtpa from TJ, up to 2Mtpa from GPK
    Sometime 2012 - KI to commence production with 1Mtpa high grade, Production ramp up to 4Mtpa for GPK
    2013 - Production to reach 10Mtpa in total including 2Mtpa from KI (high grade)

    These are just the obvious, already announced ones. There's also various exporation and drilling results to come, off-take agreements to be announced and this doesn't include the possibility of something being done with various Australian tenements like Mt Ruby whether it be sales or exploration/drilling. And with these guys you just can't rule out additional projects popping up in the mean time and blowing your mind with further potential.

    Seriously... what kind of mug would be trading these shares any time soon.

    Surely that all beats the "This thing is gonna go nust when it relists" posts that keep popping up ;-)

    Illiquid

 
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