Optimistic about KALO.v as it progresses Vatu Aurum Although not yet turning a profit, Kalo Gold’s (TSXV: KALO) recent quarterly results show the company’s financials are indeed improving.
KALO’s Q3 results reported a 50% decrease in net loss for the nine months prior. The basic loss per share from continuing operations at the Vatu Aurum Project was $0.04, compared to $0.13 a year ago.
Additionally, KALO recently announced that it has confirmed the presence of a large epithermal gold system at Vatu Aurum. The recent results hold important indications for gold and present an excellent opportunity for the discovery of potentially economic low sulphidation epithermal gold deposits.
Looking forward to hearing more updates on drilling plans from KALO, as shares continue to trade horizontally at all-time lows.
KALO.v is currently trading at $.07, valued at $4.46 million.
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