Kilo Goldmines (KGL)

[investorwisdom]

I mean really what is left? Masters gone, Poko gone, all they have is Adumbi where they said out of all the drilling they did no visible gold was found. They only own 75% of that project. And the joint with Rio, I don't see that coming to fruition, Lance Hopper said Kilo had the better spots than Loncor, and soon they would be better value, he lied. He promised analyst coverage, he lied. He promised updates on Kilo foundation since October last year, He lied. And I kept in there for a whole year waiting for his promises to come true! Well guess what the joke is on me! Looks more like total manipulation when i see on SEDAR what has happened in reality, investors and private investors were taken for a ride while Hopper and Eckhoff ran it dry. It's personal! They totally lied and led investors to believe on thing, while walking another! I consider this activity completely criminal.

[investorwisdom]

Maybe we should call Hopper the master of destruction, he is only good at crashing companies and leaving, for example look at his last two companies stocks, YEL and KRI just look at the carnage he leaves in his wake, while making as much as top CEO's at companies like Banro, this guy is a joke, he didn't even have the guts to face investors and give a speech, his son Lance gave the speech, and you can tell something was not right, you know all the pieces are coming together now that I see all this happening, where there is smoke, there is fire.

[investorwisdom]

How can they spend over 20 million and not have one update on Kilo foundation? Cause they are greedy little bastards that only care about themselves.

[investorwisdom]

Should of stuck with Banro!

[investorwisdom]

Why the company didn't inform investors sooner is beyond me! They wrote off Masters in Poko in 2010 but kept them on the books and on the website and touted them as assets for most 2011, this is manipulation if you ask me, to top it off the company has elected to have NO Ethics program in place. They just plain suck!

[investorwisdom]

You can read it for yourself here:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00025529

[dimckll]

where are you getting this info?

[investorwisdom]

Only bright spot is Alex and Netherway, but is Hopper, Eckhoff and Mustard are still pulling the strings, you can expect more of the same IMO...

[investorwisdom]

It's not right that the company mislead investors for the greater part of 2011 with Matsers and Poko on the books, but it was written off in 2010, plus Lance is a manipulator and a liar.

[investorwisdom]

4-1 Reverse Split?????!!!!!!!

[investorwisdom]

Company must be totally broke!

[investorwisdom]

Masters Project Gone!

[investorwisdom]

So I was doing research on Alex Van Hoeken, and from what I understand, he is a really great guy, with plenty of contacts, especially in the DRC, also important was the quality of these contacts, very high quality positive forward looking people. I have no doubts that Alex is going to do a great job as CEO of Kilo goldmines.

[investorwisdom]

Kilo Goldmines Investor Presentation [July 2011]

http://www.slideshare.net/kilogold/kilo-goldmines-investor-presentation-july-2011-8592696

[investorwisdom]

High Growth has arrived and Big Companies are moving in to the DRC!!!!!!

[investorwisdom]

LAFARGE sales up 35% Cement Zambia sales volume has risen by 32 per cent over the first-half of this year, driven by the booming construction and mining industries in the country.

Apart from the rise in sales of cement, the company recorded increased revenue of more the K360 billion which represented a 23 per cent rise from what the company had made in similar period of 2010.



Lafarge Cement Zambia finance director Harriet Kapekele said in a statement that the company performed well at its Lusaka and Ndola plants in the opening half of the year and expect a similar robust performance in the closing half.

She said while domestic demand increased mainly due to large-scale projects being undertaken in various sectors of the economy, there was a significant drop in the growth rate on the international market.

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"Domestic demand improved substantially over 2010 but regional demand grew more slowly though the Congo DR and Burundi markets remained the biggest. Combined, cement volumes went up 32 per cent," she said.

She said the kiln at the Ndola plant has helped meet the demand for both cement and clinker after hitches faced in 2010.

She said the increased performance of the two plants had resulted in operating profit rising to K95 billion which is 18 per cent more than it collected year-on-year while the net profit went up to K67.7 billion, a 23 per cent gain.

"Domestic and regional demand is expected to remain strong underpinned by the infrastructure projects in the power generation, construction and mining sectors and new export markets," she said.

http://www.menafn.com/qn_news_story.asp?storyid=%7Be1691502-533a-4fcb-893e-2287ed9b4f49%7D

[investorwisdom]

Anvil completes work on new copper plant in Congo, (AVM), (TSE: AVM)
Anvil Mining Ltd (AVM.AX) (AVM.TO) said it has completed construction of a new plant at its Kinsevere copper mine in the Democratic Republic of Congo and commercial production from the facility is set to begin in the current quarter. With the commissioning of the new plant, Anvil expects to more than triple its annual copper production to about 60,000 tonnes of copper cathode. The majority of the copper cathodes produced at the new plant thus far conform to the London Metal Exchange's Grade A specifications, the company said on Friday. "Given the current rate of progress with ramp-up and commissioning, it is anticipated that the 5,000 tonnes per month design capacity will be achieved during the fourth quarter of 2011," Chief Executive Darryll Castle said in a statement.

http://www.takeoverchatter.com/2011/08/anvil-completes-work-on-new-copper.html

[investorwisdom]

Business in the Congo is heating up! Mining Weekly reported that Elemental Minerals (ASX:ELM) intends to list on the TSX on August 16.

[investorwisdom]

Africa: Continent's New Middle Class Lures Investment

http://allafrica.com/stories/201108121075.html?page=2

For too long, the story of Africa has been about government corruption, war and disease. Economic news was also bad. From 1975 to 1995, the continent was mired in negative growth, indebtedness and hyperinflation.



Now that story is changing. During the past 10 years, six of the world's fastest-growing economies have been in sub-Saharan Africa, according to the Economist magazine. Over the next five years, the Democratic Republic of the Congo, Ethiopia, Ghana, Mozambique, Nigeria, Tanzania and Zambia may grow at an average of 7.2 percent annually, the Economist says.

Over this period, the average African economy will outpace its counterpart in Asia. Africa has become an important emerging market and, compared with other regions, it has a relatively high rate of return on investments.

In many countries, political reform has accompanied economic growth, allowing local entrepreneurs to thrive. By 2030, Africa's new middle class - more than 300 million strong - will spend U.S. $2.2 trillion a year, which amounts to about three percent of worldwide consumption, according to the African Development Bank.

China is one of many nations that have taken notice. Its companies are doing business in each of Africa's 54 countries. Trade between China and Africa will almost triple to $300 billion by 2015, according to Standard Bank of South Africa.

Companies from India and Brazil are likewise pursuing commercial opportunities across the continent. The European Union is aggressively negotiating agreements that will give EU businesses access to African markets as well.

U.S. companies have been slow, however, to recognize Africa's potential.

The last time a U.S. commerce secretary visited the region was in 2002, when Donald Evans was there. Secretary of State Hillary Clinton led a large delegation in June to the 10th African Growth and Opportunity Act forum in Lusaka, Zambia, in an effort to deepen U.S. commercial relations.

Although troubling news of election rigging and civil war continues to be reported from places such as Somalia, Sudan and Zimbabwe, many other countries are experiencing improved government accountability. In 1989, only three sub-Saharan nations qualified as democracies, according to Freedom House, a nonprofit institution that assesses the state of governance around the world. By 2008, there were 23. This year, 19 African countries will hold national elections.

The majority of African governments have developed strategies to reduce poverty, and this has led to improvements in public health and education. Business leaders and civil society organizations, among others, are contributing to a new spirit of debate and tolerance.

Africa's moment is at hand.



Angola

A 27-year civil war killed as many as 1.5 million people and displaced an additional four million Angolans. Since the war ended in 2002, the country has been working to rebuild its roads, bridges and communications networks, drawing on lines of credit from several countries, including Brazil, China and Germany. Angola, a member of the Organization of Petroleum Exporting Countries, produces about 1.9 million barrels of oil per day and is one of Africa's top exporters.

Botswana

This multiparty democracy has roots in Setswana traditions such as the village council, or Kgotla, with the powers of traditional leaders limited by law and custom. Recently, the national government has made significant investments in education, health care and roads and other infrastructure projects to help create one of Africa's most dynamic economies.

Mineral extraction, principally diamond mining, dominates the economy, though tourism is growing, as people from around the world are drawn to Botswana's extensive nature reserves.

The country has one of the world's highest rates of HIV/Aids infection, but also one of Africa's most effective programs for preventing and treating the disease. After two decades of democracy and economic growth, the middle class has expanded to encompass almost half the population.

Ethiopia

The second most populous country in sub-Saharan Africa, Ethiopia has one of the world's oldest civilizations. From 2003 to 2007, its economy grew rapidly, enabling the country to withstand the recent global economic crisis better than most other developing nations did.

Ethiopia's exports include a quality highland Arabica coffee, most of which is harvested organically. The country is the world's 10th-largest producer of livestock, including cattle, goats and sheep, which are exported throughout the Persian Gulf and the Middle East, as well as Asia. And it sells a range of high-quality hides and skins.



In an effort to sustain the country's economic performance, the government has devalued the currency and, to mitigate high food prices, imported cereals. It has also sold some retail shops, hotels and restaurants that were state owned.

Ghana

Since Ghana became independent from the United Kingdom in 1957, its economy has been based on a diverse mix of natural resources, including gold, diamonds, manganese ore and bauxite. Agriculture has been important, too, contributing more than a third of GDP and about 55 percent of formal employment.

Ghana's primary cash crop is cocoa, which accounts for a third of export revenue. In 2007, oil was discovered off the coast, and the country is projected to become the third-largest oil producer in West Africa within five years.

The country is on track to meet the United Nations' Millennium Development Goal of halving extreme poverty by 2015. And it is the one of the few nations in Africa where democratic elections have removed the incumbent party from office. Ghana's emerging middle class is buoyed by entrepreneurs returning from the U.S., the UK and elsewhere to take advantage of the country's progress.

Kenya

Since election violence in 2007 that left 1,000 dead, Kenya has struggled to stamp out government corruption and establish effective governance. Last year, 67 percent of voters approved a new constitution, which limited powers of the president, instituted a bill of rights and shared power with local governments.

This has helped stabilize Kenya's position as the financial, communications and transportation hub of East Africa. The country's fastest-growing economic sector is now banking by mobile phone. Almost a quarter of the population relies on "mobile money transfers" to access and save capital.

Mozambique

In 1992, when Mozambique's civil war ended, the country ranked among the poorest in the world. The government began a program of reform, resettling civil war refugees and working to create a business-friendly environment. Ultimately, more than 1,200 state-owned enterprises were sold to private buyers.

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From 1994 to 2006, gross domestic product grew about eight percent. In April 2000, Mozambique was the first African nation to qualify for debt relief under a program of the World Bank and the International Monetary Fund, and this led to forgiveness of a significant portion of its bilateral debt. There is considerable scope for further growth in transportation, tourism and especially agriculture, which could lead to the continued growth of Mozambique's middle class.

Namibia

Since becoming independent from South African administration in 1990, Namibia has been politically stable with relatively strong economic growth. Known for its diverse wildlife - including elephants, black rhinoceroses and lions - the country has written conservation measures into its constitution. As a result, more than a million eco-tourists are drawn to the country each year. Also important to the country's economy are mining and the processing of gem-quality diamonds and other minerals. And the waters of the South Atlantic provide Namibia with some of the richest fishing grounds in the world.

The largest U.S. trading partner in sub-Saharan Africa, Nigeria provides eight percent of American oil imports - accounting for almost half of Nigeria's production. An over-reliance on crude oil for three decades has hurt the country's agricultural and light manufacturing sectors and has led to a decline in employment and per capita income.

However, small shops and other 'informal sector' businesses are expanding and are now estimated to represent as much as 75 percent of the total economy. Thanks to help from donors such as the World Bank, the International Monetary Fund, the United States and United Kingdom, Nigeria's external debt has declined to less than four percent of GDP in 2007 - from 36 percent in 2004.

The government has strengthened the market-based economy with reforming the banking sector, selling its interest in eight oil service companies, deregulating fuel prices and creating a commission to investigate financial crimes. Nigeria's elections in April suggest a new standard of integrity for the country's political process, and this should encourage more skilled emigrants to return and join the expanding class of entrepreneurs.

Senegal



The former capital of French colonial West Africa, Dakar is home to banks, telecommunications providers and insurance companies that serve the broader West African region. This has given rise to a growing middle class since Senegal's independence from France in 1960. One of the few countries in the region that has never experienced a coup, Senegal has a well-developed tourism industry and an economy based on tourism, fishing, peanuts and phosphate mining. Dakar is also a regional hub for shipping.

South Africa

With a first-world economy, based on mining, manufacturing, services and agriculture, South Africa faces developing world challenges, including high unemployment, an inadequate housing supply and pressures on its health care system stemming from a high HIV/AIDS infection rate. The peaceful transition to a democratic government in 1994 started a national debate on how to redress socioeconomic disparities. And for the past 15 years, the government has pursued an economic policy that has brought greater financial discipline and macroeconomic stability.



Significant economic shortcomings remain, but the private sector has expanded as South African businesses have become more integrated into the global economy. Shaking off the oppression of the apartheid era, upwardly mobile blacks have gained access to education, jobs, loans and property.

Tanzania

Bolstered by strong gold production and tourism, Tanzania's GDP grew seven percent from 2000 to 2008. Agriculture provides 85 percent of exports and employs about 60 percent of the workforce.

Although Tanzania's industrial sector - which includes meatpacking, textile and apparel production, leather tanning and plastics - is one of the smallest in Africa, it has also been one of the fastest growing over recent years. The government has worked to improve the business climate by rewriting tax codes, floating the exchange rate and licensing foreign banks, while creating new opportunities for local businesses.

Zambia

Steady growth in mining, construction, telecommunications and tourism helped Zambia's GDP rise at an average rate of 5.6 percent a year from 2001 to 2010 and sustain expansion of a middle class. When the annual increase in GDP reached 7.6 percent in 2010, the World Bank named the landlocked country one of the world's fastest-growing economies.

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To promote this growth, the government streamlined its budget process over the past several years, removed subsidies on electricity rates to attract more private participation in the sector and sold to private buyers state-owned enterprises, including a copper mining business and a telecommunications company. It is also promoting agriculture, tourism, gemstone mining and hydropower to diversify the economy and create more employment opportunities for Zambians.

Witney Schneidman is president of Schneidman and Associates International, a Washington-based consulting firm that works with American companies and NGOs active in sub-Saharan Africa. He served in the Clinton administration as Deputy Assistant Secretary of State for African Affairs and advised President Barack Obama's election campaign on U.S. policy on Africa.

[investorwisdom]

Katanga Mining posts Q2 profit; ups capex

Aug 12 (Reuters) - Canada's Katanga Mining , whose key copper and cobalt mining operations are in the Democratic Republic of Congo, posted a second-quarter profit, and said capital expenses were likely to increase 17 percent.

For April-June, the Toronto-listed miner posted a net income of $43.6 million, and sales of $165.6 million.

Quarterly copper output nearly doubled to 24,370 tonnes, and the miner said July production exceeded 9,000 tonnes.

The company expects capital expenditures to rise 17 percent to $630 million at its KOV open pit project.

Katanga shares ended at C$1.33 on Thursday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Saumyadeb Chakrabarty)


http://www.reuters.com/article/2011/08/12/katanga-idUSL3E7JC2WD20110812

[investorwisdom]

Newmont Mining Invests in Africa Through Loncor Resources

August 10, 2011 | includes: LON, NEM

Newmont Mining Corporation (MEM) is the world’s largest gold producer operating on five continents segmented into four operating regions including North America, South America, Asia Pacific and Africa. Newmont has been operating since 1921 and has accumulated 93.5 million attributable ounces of gold, 9.4 billion pounds of copper reserves and 34,000 employees and contractors. In 1962, Newmont revolutionized the gold mining industry by developing the world’s first discovery of submicroscopic or “invisible gold.” That technology was instrumental in discovering billions in untapped and unknown gold resources in the Nevada Carlin Trend. Newmont’s sophisticated proprietary geochemical and geophysical techniques led to the highly successful Batu Hijau copper and gold discovery in Indonesia. Today, Newmont is applying its proven technological advantages in regions such as western and Central Africa. We believe it is this technological edge that represents part of Newmont’s hidden value.

In order to continue its successes, Newmont is focused on replacing declining production in North America, South America and Asia Pacific with new investments in growth regions of Africa. Newmont’s most recent quarterly financial results demonstrate where the company is headed in its quest for new gold resources. The company is accelerating its investments in Africa and we believe any serious gold investor should be following Newmont’s lead and look to Africa for untapped sources of gold.

Africa is generating the company’s lowest costs of production, only production growth and the company’s only declining cost structure. In addition, we believe, Africa’s status as a largely unexplored continent, which can benefit from Newmont’s technological leadership, assures exciting exploration and development potential ahead. This is not currently priced into the stock. Investors only have to look at the company’s position in the established and growing Ghana gold fields to understand the upside potential of this company. In addition, Newmont has ventured into one of the richest of all gold regions on the African continent recently with its 16.8% acquisition of, and strategic technical services agreement with Loncor Resources (LON). Loncor allows Newmont to help explore the massive potential riches of the Congo with its 4,550 square kilometer Archean greenstone belt which could be one of the last untapped sources of elephant gold deposits available. To date, over 80 million oz have been discovered in neighboring greenstone belts in DR Congo and Tanzania. 20 million of those ounces were discovered in the Geita deposit in Tanzania by Loncor’s President Peter Cowley while he was heading up Ashanti’s gold exploration activities. In addition, Loncor holds another 17,000 square kilometer track of highly prospective land that represents additional exploration potential in the heart of Africa. We believe this long-term group of assets and focused investment in Africa will assure Newmont investors a growing stream of dividends for the next 90 years.

Newmont’s Gold Production Growth Region – Africa

As seen in Chart 1.1, Africa is Newmont’s only growth region in terms of current production. While North American production fell 11% in Q2 ’11 over Q2 ’10 and fell 5% on a 6 month basis, South America fell 3% and 19% over the respective time periods while Asia Pacific fell 18% and 12% over these periods. Only African production grew 11% in Q2 ’11 over Q2 ’10 and a whopping 32% during the 6 month period.

http://seekingalpha.com/article/286433-newmont-mining-invests-in-africa-through-loncor-resources

[investorwisdom]

Tocotuga's Chart! http://stockcharts.com/c-sc/sc?s=KGL.V&p=D&b=3&g=0&i=p65617819560&a=241550218&r=6547[chart]

[investorwisdom]

I think they are waiting for September to really let loose some pent up news under the new commander of the ship.

[investorwisdom]

We could be taking advantage of the rally in Gold, but for that investors need to be kept in the loop a little bit more on progress being made on several fronts. The last major update was great, but could of been spread out more and explained better...

[investorwisdom]

looks like we have limited time to accumulate cheap shares with Gold hitting new highs!

[investorwisdom]

Im cheering for David and Alex, too much potential and talent here to even put a $$$$$ on...

[investorwisdom]

looking forward to the drilling results and Alex as new CEO

[investorwisdom]

Alex van Hoeken to serve as President and Chief Executive Officer (CEO) of Kilo effective September 1, 2011

[investorwisdom]

The U.N. Mission in the Democratic Republic of the Congo: Global Insider:

http://www.worldpoliticsreview.com/trend-lines/9510/global-insider-the-u-n-mission-in-the-democratic-republic-of-the-congo

[investorwisdom]

Gold and commodity miners are expected by many to perform like the internet stock's of the late 90's but the only difference is commodity stocks like Kilo Goldmines will run on fundamentals!

[investorwisdom]

Business investment in the DRC is starting to BOOM, just look sat this move by France Telecom that took place yesterday!
http://www.telegeography.com/products/commsupdate/articles/2011/07/18/france-telecom-in-drc-takeover/

[investorwisdom]

VIDEO Vice President Lance Hooper - Kilo Goldmines - Exploring past producers

http://www.viddler.com/explore/objectivecapita/videos/173/

[investorwisdom]

Please don't keep us waiting long!

[investorwisdom]

I am so proud of Mike Prinsloo's work, and my fingers are crossed for him, but I have no idea of how great a role David Netherway will have in the selection process, so who knows it's anyone's guess right now...

[investorwisdom]

What about Mike Prinsloo for the new head of Kilo Goldmines former CEO of Banro who took them through the phase of explorer to developer. Mike was instrumental in Banro's recent success, what a great job he did networking with the local officials and dignitaries.

[investorwisdom]

would be nice if we get the official news after the close today or before the weekend... :)

[investorwisdom]

The biggest hurdles have been overcome, now we bring in the experience and greater talent, Kilo Goldmines is becoming unstoppable.

[investorwisdom]

we will know soon, and I believe we are closer than anyone thinks!

[investorwisdom]

who will be the new head of this soon to be Titan of the DRC?

[investorwisdom]

Drill Baby Drill!!! The perfect set of events are taking hold! #1. New CEO and Executive soon to be announced!!!! 2. Continued drill results expected in shortly! 3. Gold is in rally mode and about to break $1600 oz for the first time!
The future is looking GOLDEN for Kilo Goldmines and it's investors!
Keep that positive news coming!

[investorwisdom]

Is David Netherway a perfect fit for the Kilo Board? Did you see his instrumental role in African Aura Mining A.K.A. AFFERO Mining Inc.? http://www.afferro-mining.com/s/Home.asp
I am so excited that Kilo has evolved to bring more experienced and accomplished leaders aboard to steer the ship. I can see a golden bright future for Kilo Goldmines shareholders! I'm staying tuned and wish the company and it's shareholders the best!

[investorwisdom]

I am a believer that Kilo Goldmines is conscious investment!

[investorwisdom]

I cannot emphasize enough how important I think it is to accumulate as many of these cheap shares of Kilo Goldmines as possible, the trading volume is so low, and the share price and market cap is unbelievably cheap. I think now is the time to build a substantial position in this company. Don't forget that Kilo Goldmines has the innate ability to be Banro's biggest rival.

[investorwisdom]

Correct me if I'm wrong but Kilo has targeted a chain of artisinal gold mining sites all in the same vicinity of the Adumbi prospect. This will relate into a huge mining project that will bring jobs to people and stability to the community. This sure makes me feel good knowing that my investment is directly helping improve the lives of the workers involved with Kilo's projects...

[investorwisdom]

Quote: Peter Hooper, Executive Chairman of Kilo, commenting on the Manzako Prospect trench results stated; "The wide gold zone delineated by trench SMTR0003 was unexpected on a prospect that to date has only returned high gold values over narrow widths, consistent with the historical data.

These new results are very encouraging and indicate that detailed exploration may discover additional wide zone(s) of high grade gold."

[investorwisdom]

I'm convinced that Kilo is sitting atop a HUGE gold zone that may host tens of millions of ounces of gold! And this is just the Somituri project! Once more value is unlocked, this company is going to snowball to become one of the largest mining companies in Africa.

[investorwisdom]

technical indicators are starting to turn around, stock is trading above it's 50 day moving average and we have plenty of positive developments taking place as of late...

[investorwisdom]

Kilo puts it best: "Unlimited Blue Sky Potential"

[investorwisdom]

Dream BIG!!!!!!!!!

[investorwisdom]

Compare Kilo to Volta Resources, Gryphon Minerals, Keegan Resources, or Papillion Resources. I think Kilo Goldmines may in fact be the most undervalued Gold company in the world that has 43-101 compliant resources.