producing coal in asia, you can watch coal futures here
OS 97.933 mil
Market Cap 32.318 mil
Float 66.933 mil
market_advisors_research gives a target of 2.55$
read it here, its from may 2007
Becon equities report give a target of 2$
Most recent report from august gives a target of 1.70$
Press Release Source: KAL Energy, Inc
KAL Energy, Inc. - $1.70 Price Target Set by Investology Research, Inc.
Wednesday August 29, 5:30 am ET
LONDON--(BUSINESS WIRE)--KAL Energy, Inc (OTCBB:KALG - News; FWB:D9T) is pleased to announce that Investology, Inc., an independent research firm, has commenced coverage of KAL Energy and has set an initial price target of $1.70 per share.
"We are very please with the 'Positive' rating issued by the Investology research report on KAL Energy. Especially given that it comes from a research firm that has previously been named #3 best performing independent research firm by Business Week." stated Cameron Reynolds, CEO of KAL Energy.
The full report is available at: http://www.investologyinc.com/company.php?id=26
Investology's research team focuses on five industry sectors: Financial Services, Technology, Healthcare, Energy, and Diversified Industrials, with a focus on micro-cap and small-cap stocks which lack coverage by traditional research firms or investment banks. Investology Research was ranked as the #3 best performing independent research firm by BusinessWeek magazine in 2004, and was featured in the Entrepreneur magazine in 2005. Investology Inc. is headquartered in Potomac Falls, Virginia.
For more information on Investology, Inc. please visit their web site at www.investologyinc.com
KAL Energy, Inc. has rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a key transportation system for delivering coal to domestic and international markets. One of the concessions has a JORC Compliant Inferred Resource of 204 Million tonnes of thermal coal. With numerous other coal mines in East Kalimantan, including the world's largest thermal coal exporter Kaltim Prima Coal (KPC), KAL Energy's concessions are in a region that is known for its extensive open pit thermal coal producing mines and environmentally friendlier coal product. Indonesia has recently surpassed Australia as the world's leading thermal coal exporter, with prices varying from $30.00 to $60.00 plus per tonne.
For more information on KAL Energy, Inc. please visit our web site at www.kalenergyinc.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
KAL Energy, Inc
Mr. Cameron Reynolds - CEO
Telephone: +44 207 487 8426
Fax: +44 207 487 8402
US Investor Relations Line: +1-866-680-2575
Source: KAL Energy, Inc