3438 days ago
The Albanian olive pickers have still not arrived and may well be replaced with Greek workers later today. I am now very angry. Will I make it home by Christmas at this rate? In this podcast I look at Range Resources (RRL) - suspended again and reveal the REAL story of my battle to tell you the truth about this POS - Beowulf Mining, Kalimantan Gold, Daniel Stewart, Naibu, Pressfit, China Chaintek, Gulfsands Petroleum and of course the fraudsters at Quindell
3495 days ago
Kalimantan Gold (KLG) has been a perennial jam tomorrow POS stock on the AIM Casino. Directors fees all round. Advisors fees all round. Placing after placing after frigging placing as it hypes up one target, raises cash, moves the goalposts and them raises cash again. All the time it is private investors who get screwed. Let me tell you about the placing it failed to do earlier this week.
The shares raced ahead to 8p – I think some folks paid even more – on news of a “maiden inferred resource” on the BKM copper project. This company used to be about to make it big in gold then it was coal then it was, heck I just lost track years ago. But an inferred resource means jack shit.
Anyhow the stock raced ahead and early this week when the shares were 7.9p the calls went out to every spiv in town – “placing at 5p.” Sadly
3985 days ago
Kalimantan Gold (KLG) is listed on the TSX as well as the Cesspit and its quarterlies out today tell a familiar story. The only question is when is the next placing? I guess rather soon but then as a company that has passed the hat around numerous times in its long and undistinguished Cesspit career Kalimantan at least knows how to do the paperwork.
In the three months to March 31st 2013 the company booked a profit of $25,151 thanks to management fees for operating the KSK joint venture (mine exploration). In terms of cash it is a rather less happy picture. Kalimantan’s partner funds most of its exploration work but not all and thus Kalimantan boldly states:
