KLA - Kalahari Resources Inc

[thedude4599]

Kalahari Resources is a nice gold cheapie with a great property in Quebec. Float is a little high but they have cash on hand and one of the insiders Richard W Hughes just purchased 5.6 million shares at twice the current share price. When they drilled last year on the Lamarque property, they hit quite a few heavy gold zones. All the results are in ounces per ton, not grams, so very promising once the second drilling phase starts.

property ---> http://www.kalahari-resources.com/Pr...4/Default.aspx

[thedude4599]

Kalahari Resources 5.6-million-share private placement


2009-07-02 18:53 MT - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced April 16, 2009, and amended May 29, 2009.


Number of shares: 5.6 million flow-through shares

Purchase price: Five cents per flow-through share

Warrants: 5.6 million share purchase warrants to purchase 5.6 million shares

Warrant exercise prices: Five cents for a one-year period and 10 cents in the second year

Insider: Hastings Management Corp. (Richard W. Hughes), 5.6 million




Zone Tons Tonnage
grade (oz/t)(*)

No. 10 zone 216,000 0.224
No. 4 plug 1,149,000 0.179

(*) High gold values are cut to one ounce per ton
gold.



INFERRED, HISTORICAL NON-COMPLIANT NI
43-101 TONNAGE ESTIMATES

Zone Tons Tonnage
grade (oz/t)

Parallel zones 98,000 0.386
No. 4 plug 152,000 0.185
No. 1 vein 164,000 0.26
No. 6 vein 117,000 0.20

[thedude4599]

Could be Hughest buying at 2 cents with that 2.7 million share bid. You can tell its NOT A FAKE BID because it wouldnt be infront of the line. Someone is hungry for shares, but no one wants to sell at 2 cents?

Level 2 Quote
Market Maker Shares Bid Price Ask Price Shares Market Maker
-- 2,710,000 0.020 0.025 55,000 --
-- 20,000 0.020 0.025 230,000 --
-- 30,000 0.020 0.025 50,000 --
-- 65,000 0.020 0.025 10,000 --
-- 20,000 0.020 0.030 50,000 --
-- 2,000 0.020 0.030 7,000 --
-- 30,000 0.020 0.030 600,000 --
-- 115,000 0.020 0.030 100,000 --
-- -- -- 0.030 50,000 --
-- -- -- 0.030 10,000 --
-- -- -- 0.030 20,000 --
-- -- -- 0.035 13,000 --
-- -- -- 0.035 8,000 --
-- -- -- 0.035 20,000 --
-- -- -- 0.035 147,000 --
-- -- -- 0.035 27,000 --
-- -- -- 0.035 25,000 --
-- -- -- 0.040 100,000 --
-- -- -- 0.040 42,000 --
-- -- -- 0.040 175,000 --
-- -- -- 0.040 36,000 --
-- -- -- 0.045 100,000 --
-- -- -- 0.045 49,000 --
-- -- -- 0.050 20,000 --
-- -- -- 0.050 150,000 --

[HOUNDOG]

Originally Posted by thedude4599

Could be Hughest buying at 2 cents with that 2.7 million share bid. You can tell its NOT A FAKE BID because it wouldnt be infront of the line. Someone is hungry for shares, but no one wants to sell at 2 cents?

Level 2 Quote
Market Maker Shares Bid Price Ask Price Shares Market Maker
-- 2,710,000 0.020 0.025 55,000 --
-- 20,000 0.020 0.025 230,000 --
-- 30,000 0.020 0.025 50,000 --
-- 65,000 0.020 0.025 10,000 --
-- 20,000 0.020 0.030 50,000 --
-- 2,000 0.020 0.030 7,000 --
-- 30,000 0.020 0.030 600,000 --
-- 115,000 0.020 0.030 100,000 --
-- -- -- 0.030 50,000 --
-- -- -- 0.030 10,000 --
-- -- -- 0.030 20,000 --
-- -- -- 0.035 13,000 --
-- -- -- 0.035 8,000 --
-- -- -- 0.035 20,000 --
-- -- -- 0.035 147,000 --
-- -- -- 0.035 27,000 --
-- -- -- 0.035 25,000 --
-- -- -- 0.040 100,000 --
-- -- -- 0.040 42,000 --
-- -- -- 0.040 175,000 --
-- -- -- 0.040 36,000 --
-- -- -- 0.045 100,000 --
-- -- -- 0.045 49,000 --
-- -- -- 0.050 20,000 --
-- -- -- 0.050 150,000 --

That looks interesting

[thedude4599]

Kalahari Resources Inc. (KLA)
As of July 8th, 2009
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jul 08/09 Jul 08/09 Hughes, Richard William Indirect Ownership Warrants 53 - Grant of warrants 5,600,000
Jul 08/09 Jul 08/09 Hughes, Richard William Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 5,600,000 $0.050
Jun 23/09 Jun 16/09 Hughes, Richard William Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.025
Jan 06/09 Dec 29/08 Hughes, Richard William Indirect Ownership Warrants [Amended Filing] 53 - Grant of warrants 2,500,000 $0.100
Jan 05/09 Dec 29/08 Hughes, Richard William Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 2,500,000 $0.020
Dec 10/08 Dec 05/08 Hughes, Richard William Indirect Ownership Warrants 53 - Grant of warrants 3,000,000 $0.100
Dec 10/08 Dec 05/08 Hughes, Richard William Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 3,000,000 $0.020

[HOUNDOG]

Originally Posted by thedude4599

Kalahari Resources Inc. (KLA)
As of July 8th, 2009
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jul 08/09 Jul 08/09 Hughes, Richard William Indirect Ownership Warrants 53 - Grant of warrants 5,600,000
Jul 08/09 Jul 08/09 Hughes, Richard William Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 5,600,000 $0.050
Jun 23/09 Jun 16/09 Hughes, Richard William Direct Ownership Common Shares 10 - Acquisition in the public market 500,000 $0.025
Jan 06/09 Dec 29/08 Hughes, Richard William Indirect Ownership Warrants [Amended Filing] 53 - Grant of warrants 2,500,000 $0.100
Jan 05/09 Dec 29/08 Hughes, Richard William Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 2,500,000 $0.020
Dec 10/08 Dec 05/08 Hughes, Richard William Indirect Ownership Warrants 53 - Grant of warrants 3,000,000 $0.100
Dec 10/08 Dec 05/08 Hughes, Richard William Indirect Ownership Common Shares 16 - Acquisition under a prospectus exemption 3,000,000 $0.020

Hey Dude can tell me what this mean to this stock???please

[snstock]

so driled is start right?
when the results gonne come?
plz tell me

[thedude4599]

Drilling has not started, they just finished a PP. I would assume that the second half of drilling on the Lamarque property should start sometime in Q3, maybe Q4 but I could be wrong.

[thedude4599]

Originally Posted by HOUNDOG

Hey Dude can tell me what this mean to this stock???please

Well usually when insiders are subscribing to a PP higher than the current market price, its usually a sign of the stock being undervalued. I could be wrong but this is my opinion from previous experiences. Very little people selling at 2c, and with a massive float of 200 mil fully diluted you gotta wonder why so many shares are being held tightly.

[thedude4599]

http://quote.barchart.com/texadv.asp?sym=kla.VN <----Indicators

And to add as a bonus, that 2.7 mil bid did not disappear from that 2500 share sell order @ 2c. If it truly was a fake bid, even 1000 shares would of made it disappear. Someone is hungry for shares and people arent selling! I like this!