Kalo Gold Corp V.KALO

Alternate Symbol(s): KLGDF

Kalo Gold Corp. is a Canada-based gold exploration company. The Company is focused on several low sulphidation epithermal gold systems located on the flagship 367 square kilometer (sq km) Vatu Aurum Gold Project located in the Republic of Fiji and the AxelGold Property, an alkaline gold system, located in British Columbia. The Vatu Aurum Gold Project covers 367 square kilometers (km2). The Project consists of permits, SPL 1464 and SPL 1511, that cover a total of 366.91 square kilometers, which hosts a minimum of seven volcanic arc related calderas ranging between 1 km to 10 km in diameter in a geological setting that could be analogous to the alkaline related low sulphidation epithermal gold deposits of both the neighboring Vatukoula Gold Mine and the Lion One Metals' Tuvatu Alkaline Gold Project. The SPL 1464 covers 22,160 hectares and hosts the Qiriyaga Hill, Wainikoro and Mouta Caldera complexes. SPL 1511 covers 14,531 hectares, and the Coquelo Caldera complex.

TSXV:KALO - Post by User

Kalo Gold Corp > with all the news then why down so much

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Comment by Gbathaton May 07, 2022 4:32am

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RE:with all the news then why down so much

Also, volume appears light on KLGDF ticker, but I noticed that does not reflect the Canadian exchange ticker volume CVE: KALO

The Canadian exchange shows someone sold 1 M shares a few days ago which caused some additional panic selling.

My guess is someone had to liquidate their portfolio to cover calls (or puts) as the market flashed then crashed this week. However, there is not any liquidity in Kalo, since it is not well known and has a tiny market cap. So the price swings wildly.

Hopefully the price swings wildly the other direction when Ph2 results are published and marketed.

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