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Decision time for Kalimantan Gold

By Robert Tyerman | Wednesday 2 July 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Indonesia, one of the largest economies in south-east Asia, is rich in minerals and the most populous Muslim country in the world. It has not proved a happy hunting ground for foreign investors of late, as the travails of Bumi (now Asia Resource Minerals) and Churchill Mining can attest. Kalimantan Gold (KRG), floated eight years ago on AIM to tap copper, gold and silver prospects in Kalimantan (Indonesia’s half of the island of Borneo), might appear to be another example, but it is hoping to repair the damage caused by recent setbacks.


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