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:
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