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Business Description: Kula Gold Limited (KGD) is a mineral exploration and development company focusing on Woodlark Island Gold Project in Papua New Guinea. The company is the 100% owner of an advanced stage gold project with significant additional exploration potential on Woodlark Island.
Strategy Analysis: KGD has a vision to become a significant mid-tier gold producer from multiple mines in the Asia Pacific region. KGD plans to start production in 2013 (+100k oz pa). Before then, KGD plans to aggressively explore in the historical goldfields in Papua New Guinea, and increase near-term production prospects along with identifying significant potential exploration upside.
Kula Gold reported negative cash flow of $6.99m for quarter ended 31 December 2011. Operating cash flow for the period was $(6.93m). Payments for exploration and evaluation were $(6.61m). Investing cash flow was $(64,000). Financing cash flow was nil. Cash in hand at the end of the quarter was $20.22m.
The Age 20/06/2013 |
Pre-split trading of shares in "New Newscorp," the print media-heavy spin-out from News Corp began quietly on Wednesday, and it will take a while to work out where the new vehicle is headed.
The Age 20/06/2013 |
Local councils that lost millions on investments made through Lehman Brothers have suffered a major setback, after the US arm of the failed bank blocked a deal that would have delivered the investors up to $210 million.
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