KGL Resources Ltd V.KGL.H

Mystery and Confussion?

[wealthyjr]

I am confused with KGL, as follows:

1. Stockhouse banner describes KGL as having gold exploration properties in the Democratic Republic of the Congo, yet the latest Stockhouse News Release states KGL holds a 20% interest in a bid for mining rights to four(4) Iron Ore concessions located in the Bamyan province of Afghanistan and elected new interim CEO, M.Donat Modilo and Ms. Stolarsky to the Board of Directors.

2. So, which property is a winning project?

3.  How did KGL acquire 5,797,933 of deferred income tax credits?

4.  How valuable are those four(4) Iron Ore concessions with Taliban intervention and turmoil?

5.  KGL owns one block in the Consortium with four(4) Iron Ore concessions?

6.  KGL website is currently down?

[edm1996]

if you havent followed kgl for long here is the low down.   The drc prodjects were relinquished last year .   Thus the  5 plus million in tax credits.  There has been much discussion in the past of the worth of the iron ore claims.  The taliban is a solid concern.  At the last Agm they past a  resolution to do a 15 to 1 roll back.   So time

[wealthyjr]

Edm1996...Thank you for this information about KGL intensions. What is the reason for today's 6 miilion volume with no change in price?

[edm1996]

Yes 20-1. If I had to guess on the volume news is coming soon and a privets placement with sa property purchase that has some value .   Fresh money coming in .   Most of the shares were averaged in at higher than 2 cents before the whole thing fell apart .  About 11 million sold year and half ago around 2.5 .  I should have got out then .  I think for many an out at a

[Abito]

20 to 1 you will never recover from that. Only way it works is if the company really has something going for it with the right kind of investors. Most consolidates companies will trade back down to pre consolidated prices. Only ones who will benefit is insiders and friend who will get a fresh round of cheap shares.

[edm1996]

Ya that was my concern.  So when I saw the out I took it.  A small loss is beter than a big one .  Lucky for me my average was closer to 1 cent   Beter than most of the share holders .  Only a few got in on the .005 cent shares over the course of last year . 

[GetSumKONTROL]

This post has been removed in accordance with Community Policy

[Abito]

Lots of volume today for some reason.. watch out for consolidation though. Especially if its 15 to 1.. ouch

[Abito]

Read the nr again..20 to 1 consolidation