KAL 11.1% 2.4¢ kalgoorlie gold mining limited

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  1. 2,649 Posts.
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    It has been traded heavily but in contrast to the risks in trading another recently traded-to-the-moon (and back) share, CUL, with its various great, but still un-defined potentials, KAL actually already has the gold and has already defined how much - as a likely minimum.

    When will it be mined? The generally accepted practice on finding upwards of a billion dollars worth of gold (and maybe 2 or 3 billion), is to spend the necessary money to dig it up at some stage and flog it. I don't care when or even who, if they pay a high enough price for the right to do it themselves - I'm not buying these shares in order to get some gold.

    Whenever it settles on its accepted value - it sure ain't 19 cents. Given the entire register is turning over, there is going to be plenty more trading between now and Christmas...without anyone asking - hang on, does anyone know if these guys have actually found anything yet?

 
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(20min delay)
Last
2.4¢
Change
-0.003(11.1%)
Mkt cap ! $4.854M
Open High Low Value Volume
2.6¢ 2.6¢ 2.4¢ $8.713K 357.0K

Buyers (Bids)

No. Vol. Price($)
1 273542 2.4¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 253082 3
View Market Depth
Last trade - 15.28pm 06/09/2024 (20 minute delay) ?
KAL (ASX) Chart
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