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KDR - Kidman Resources

Discussion in 'Stocks I-P' started by System, Jan 25, 2011.

  1. System

    System Administrator

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    Kidman Resources Limited (KDR) has assembled a portfolio of tenements which, subject to confirmation of initial results, are considered to have strong potential for Copper, Gold and Rare Earth Elements.

    The Company's strategy will focus on the acquisition and exploration of a portfolio of tenements that have strong indications of prospectivity, with major untested anomalies, but which are relatively under”“explored. The Company's primary focus to date has been on major structures within the well known Copper/Gold mineralisation belts in Central New South Wales. This region is host to a number of major successful mining operations, including Mineral Hill, Northparkes, Tottenham and the Peak Mine.

    The recent global financial crisis presented the Company with an opportunity to add attractive tenements to its portfolio in New South Wales as well as the Arthur Popes Copper/Rare Earth exploration prospect at Hale River in the Northern Territory.

    http://www.kidmanresources.com.au
     
  2. jonojpsg

    jonojpsg Well-Known Member

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    Was one of the biggest movers today (up 100%) on results from NSW.

    18m @ 2% copper from 43m sounds pretty reasonable, and given they only drilled four holes 60m deep leaves plenty of room for more. With market cap of around $10m at todays close and the way other small cap copper plays have moved lately, this one may have more to go?

    Also have $4m cash ;)
     
  3. toocool

    toocool Well-Known Member

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    Just having a quick look at KDR on comsec, its showing 24 million shares outstanding and the the volume today was 38 mill changing hands!!!

    Not quite sure what this means with more than the whole registry changing hands.
     
  4. jonojpsg

    jonojpsg Well-Known Member

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    Lots of daytraders on it!! There usually are on the days top movers.
     
  5. FrontRunner

    FrontRunner Member

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    I bought in @ 0.36 before phase 2 drilling results.. which were dissappointing.

    They are drilling a further 14 holes at around 130 metres each which starts tomorrow. Drilling results expected early June.

    Any thoughts on whether it's worth sticking around for these results? I am looking at selling out. There's definitely still a huge potential upside.

    $14m market cap.
    $3.5m in cash as at 29/4 (so potential for more drilling phases if phase 3 doesn't come up with the goods)
     
  6. FrontRunner

    FrontRunner Member

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    Interim Phase 3 results:

    "Kidman Resources Limited (“Kidman” or the “Company”) has received assay results from the first 2 holes of the current 18 hole Phase 3 drilling program at Blind Calf in central NSW. The results include:

    1. Hole KD11-14 12m @ 2.29% Cu from 29m, incl. 8m @ 3.21% Cu from 32m 8m @ 2.21% Cu from 55m, incl. 4m @ 3.91% Cu from 57m

    2. Hole KD11-15 8m @ 1.23% Cu from 29m, incl. 3m @ 2.6% Cu from 33m 5m @ 0.83% Cu from 45m, incl. 3m @ 1.06% Cu from 46m 2m @ 0.97% Cu from 61m

    These results confirm and extend the earlier discoveries of copper mineralisation at Blind Calf. Earlier results included 27m @1.52% Cu, including 18m @ 2.09% Cu in KD10-01.
    Blind Calf is situated approximately 5km west of the Mineral Hill Mine, near Condobolin in central New South Wales.

    The primary focus of the Phase 3 program is to better understand the orientation and depth of copper mineralisation at the 3 copper lodes identified to date at Blind Calf. These lodes were the primary targets for Phase 3. Three secondary targets have also been drilled. The targets are shown in Figure 1 below.

    All 18 holes and the one extension have been completed, and chip samples for the remaining 16 holes are at the assay lab with results expected in the next few weeks.

    The Phase 3 program involved 1,841m of RC drilling with 12 holes drilled into the primary targets and 6 holes into the secondary targets. Phase 3 also included extending KD10-01 from 59m to 105m total depth. The two completed holes targeted the Dunbar’s Lode from the east and both intersected a number of copper sulphide intersections."

    Any thoughts on these results. Looks like it confirms the initial phase 1 results for a decent copper deposit. Pretty thin trading today
     
  7. djones

    djones Well-Known Member

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  8. FrontRunner

    FrontRunner Member

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    yeah I sold today at 49. Might be worth getting back in at around 44 for the remaining assay results. They still have several new unreported holes
     
  9. berbouy

    berbouy Well-Known Member

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    looking back through the old posts on kidman, looks like a bit of potential was evident-been quiet for a spell, now looks as though there is large volumes being traded.fundamentally, with copper seemingly in vogue, any opinions on the recent assays?
    as always there seems to be sir type comparisons, over on the other site- would have thought sfr would have been more relevant;however the doongalla find is something special.so long way to go before any comparisons can be made-but kdr has risen from 20 odd cents to 60 cents-so from a trading point of view may be worth a look.disclosure, i bought a few at 30 cents for bottom drawer, just in case they have discovered the mother lode.any comments welcome-have a good weekend:)
     
  10. burglar

    burglar Well-Known Member

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    1st Diamond Hole at Conductor 2 Intersects Massive Sulphides


    Read more:

    kdr.gif
     
  11. rbgmauq

    rbgmauq Active Member

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    KDR has been showing support around 0.411 and resistance in the 0.8 price range. According to au.stoxline, from the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
     
  12. pixel

    pixel Well-Known Member

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    Along with the price of gold, silver, copper, KDR have dropped back to 12-month Lows; but that's where I believe support has been found, and with the slight recovery in metal prices and some well-timed presentations focusing on drill successes, they're on the way back up again.

    KDR w 20-08-13.gif

    I have started buying the support at long term (yellow) and mid-term (red) EMAs with a stop at Close Below 29c.

    KDR n 20-08-13.gif
     
  13. pixel

    pixel Well-Known Member

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    Is it a flag pattern? In any case, looks like a decent breakout to me.

    KDR flag 25-09-13.gif
     
  14. Country Lad

    Country Lad Off into the sunset

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    Dunno and yes

    Cheers
    Country Lad

    kdr 25 Sep 13.gif
     
  15. pixel

    pixel Well-Known Member

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  16. pixel

    pixel Well-Known Member

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    Cause and effect

    After years of decline, Kidman finally got a little gold mine working again.
    (.. and they got me back as a speccie shareholder.)

    KDR 4yr 13=-04-16.png

    However, in order to ramp up production and take advantage of current prices paid for the yellow metal, they decided to tap their loyal holders for another cash injection at 8.5cps.
    The Market remained underwhelmed, leading to an extension of the deadline and a "visionary" investor presentation: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01729277

    Today, success at last: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01730812
    What an effect one little "Li-word" can have ;)

    KDR i5 13-04-16.png
     
  17. pixel

    pixel Well-Known Member

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    Yesterday's report by PAC Partners suggests a trading range 17 - 58c.
    http://kidmanresources.com.au/devel...-Expand-Gold-Production”-by-PAC-Partners..pdf

    "I'd like to see that" - but bear in mind that PAC Partners are substantial holders and Underwriters to the recent 8.5c issue, which was severely undersubscribed and left them with lots more stock to sell.
    Looking at today's volume, however, it's unlikely that much profit taking is involved. Maybe they do have a point?

    KDR am 03-05-16.png

    In any case, I hold and intend to sit tight.
    Wouldn't mind the gap to close by someone selling even one share to 11c, but that's not essential.
     
  18. pixel

    pixel Well-Known Member

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    I feel unappreciated!

    Having held a good-sized position at the Record Date when KDR offered holders a 1-for-3 entitlement at 8.5cps; I sent my money by BPay, including a few thousand extra above my entitlement, to get some of the expected shortfall. Then the offer period was even extended, suggesting lacklustre uptake. Therefore I was convinced I would receive all I had applied and paid for. My confidence grew even more when I read after the Closing Date that fewer than half of the entitlements had been taken up.

    Today I received a cash refund for the value of 90% of my oversubscription. And at the same time, the company informed the Market this morning that the shortfall of some 20M 8.5c shares had been taken up, over-subscribed, by "Sophisticates" clients of the underwriter.

    I find it very hard to believe that less than half of entitled investors would have applied for ten times the other half, so that everybody had to be scaled back to a mere 10% of their over-subscription.
     
  19. pixel

    pixel Well-Known Member

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  20. pixel

    pixel Well-Known Member

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