Sugbess comes out with a bunch of nonsense everyday.
5 g/t for open pit mining is fairlyland. Lies, misleading and total nonsense.
Of course you buy gold stocks on the expectation POG is rising, why would you if it were going down?. Many points raised re gold apply to all gold stocks, not just KAL. With rising prices it is companies that are growing their resource set to benefit the most. It is common knowledge that cost contraints have hit gold mining hard dring the period of the low POG. Goes through a cycle same as any metal. Cost go up, exploration slows, prices go up and due to not much exploration those that have something are set to benefit the most.
Example of a successful company with a 1.2 moz resource given above with grades half that they say is required. Integra.
Sugbess says they need money for exploration when we are all sitting here waiting for results on exploration anyday now. Plus of course the money raised for exploration at Dunnsville and Clinker Hill.
I advise Sugbess to read ASCIC rules on internet discussion relating to misleading and deceptive comments. The obsessive nature of their posts does not indicate concern as nearly every other stock on Hot Copper has less support for their s/p, including the stocks Sugbess owns. It is part of trading/investing on the stock market to invest based on expectations. Sugbess has not proven the next few weeks do not warrant expectation. Sugbess has not proven anything, has not backed anything up with any fact or anything at all to support their comments. they will not enter into any dissussion that disputes their claims..instead just spamming the forum with total nonsense. Obsessively so.
Noboby here can guarantee what KAL will come up with the next few weeks, same as no-one can guarantee to AZZ holders that they will enjoy positive results. Yet Sugbess owns that stock in expectation of there being a good result in a few weeks. So what is the difference?
Meanwhile the company has signalled there could be 2Moz of gold, when or if this is confirmed I am not sure, but for me worth speculating on. It is what makes a speculative stock attractive, news on the way!
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kalgoorlie gold mining limited
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Last
4.0¢ |
Change
-0.001(2.44%) |
Mkt cap ! $15.26M |
Open | High | Low | Value | Volume |
4.1¢ | 4.1¢ | 4.0¢ | $15.69K | 388.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 18870 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 319410 | 0.039 |
13 | 1126821 | 0.038 |
11 | 1058176 | 0.037 |
10 | 772488 | 0.036 |
6 | 1477856 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 565000 | 2 |
0.044 | 66417 | 1 |
0.046 | 200000 | 1 |
0.047 | 34698 | 2 |
0.048 | 235000 | 2 |
Last trade - 15.50pm 18/07/2025 (20 minute delay) ? |
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KAL (ASX) Chart |