KGL, KENTOR GOLD LIMITED

[nathanblack]

In Reply To: melua's post @ May 22 2013, 07:41 PM

Depends if the $15mil Andash sale goes ahead. And if they use any of it to save Murchison or if they cut that entity loose.

Just the cash would be ~11c then any value for Jervois and the Geothermal play.

I would think it's a buy if it falls below cash backing, but having said that, it will depend on the assets and management changes. Costs need to be trimmed or $15mil cash becomes $12mil, then $8mil, then before you know it they have no cash backing. So 10c is possible. Maybe even likely with the remaining assets. But they are suspended and have time on their side. I'd hope they relist and announce a new project all in one announcement.

[melua]

In Reply To: melua's post @ May 18 2013, 10:46 PM

This company will be left with some cash and Jervois. What a sad state of affairs. I asked a broker today what he thought they would trade at when they re-list. Sub 10c was his assessment.
I thought a tad higher but perhaps I'm not being harsh enough in this gold climate?

[melua]

In Reply To: melua's post @ May 11 2013, 09:40 AM

"Hi SJW

Contrary to all the announcements put out to the ASX, the real reason for the suspension of the company is that it has not lodged its annual accounts for 2012. nor will it be re-listed until it lodges the accounts.

If you don't believe me call the ASX and ask them.

So much for our ability to generate tax losses for 2012.

Thank you KGL. Thank you ASX and ASIC.

Pear"

I can confirm this as fact. The company have not lodged their reports therefore they cannot come out of suspension. A very poor state of affairs for shareholders. Shareholders should have the ability to trade....even if it means the shares trade at circa 12c (which is all they are worth IMO).

[melua]

In Reply To: melua's post @ May 1 2013, 09:16 AM

Posted over the road:

"There has been another meeting of Creditors (7th May). Not looking so bright.
Interesting the comments about Jervois now being the Saving Grace. Tunes have changed since Andash was the shining light, and to get Jervois off the ground will take a lot of investment, and I believe credibility may be a bit shakey in the current masters of the ship.
Have a chat with some of the staff who have lost a lot, and the creditors who look to get 4.5 cents/$1 (if they are lucky), and see what their thoughts are of the Kentor Gold people.
A lot of good people got hurt by these guys, and not just investors."

[melua]

In Reply To: melua's post @ Apr 23 2013, 09:24 PM

Andash sold!! Now concentrating on Jervois project. This will get hammered once the suspension is lifted.

$15M is 10c per share. How much is owed for Murchison? What will the market value Jervois at? I think we are looking at a value of between 10c and 15c when it re-lists.

[UniversalTrader]

In Reply To: melua's post @ Apr 23 2013, 09:24 PM

What a mess - now selling Andash to focus on the Australian assets. Seems a rather desperate move and probably means Andash is much further away than previously advised.

[melua]

In Reply To: melua's post @ Apr 21 2013, 11:11 AM

Read former market darling SLR's report today. Just awful. If Les Davis is having trouble making a go of mining in Australia, what hope anyone else?

[melua]

In Reply To: melua's post @ Apr 18 2013, 05:45 AM

Posted over the road before the official announcement by KGL so the poster is credible.

"Today underground mining was stopped and all remaining operators made redundant, pit haulage crews also stopped during the day. Looks like the administrators are just going to finish processing stockpiles.
According to some of the people that were laid off today, Kentor Minerals (WA) has substantial debts into the tens of millions, so will be interesting to see if the board or administrators put out any details in the coming days, and how much it will/if it will affect Kentor Gold."

[melua]

In Reply To: wren's post @ Apr 17 2013, 10:06 PM

It's hard to see anyone interested in the current environment, therefore I would imagine it will be mothballed. Not sure how much they owe creditors etc but KGL could very well be left with Andash (which seems to be going nowhere) and no cash. As I said, without a Murchison sale, the stock is realistically valued at sub 10c.

[wren]

In Reply To: melua's post @ Apr 17 2013, 09:27 PM

Agree melua,Question is,'who would wish to buy that particular asset.'