Keras Resources Share Discussion Threads

[edgein] 15/6/2016 08:21

Excellent news once again. New reserves being proven up with shallow high grades in areas previously not contemplated for mining. Still a screaming buy regardless of market weakness.

Regards,
Ed.

[someuwin] 15/6/2016 07:28

This tweet says it better than the RNS...

Keras ‏@kerasplc · 13 minutes ago

High grade gold, shallow, easily accessible from existing decline. @kerasplc ://ow.ly/O4yT301gVote@htt

[someuwin] 15/6/2016 07:08

Keras Resources PLC Strong Gold Results at Prince of Wales Mine

15/06/2016 6:00am

UK Regulatory (RNS & others)



Keras Res (LSE:KRS)
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Today : Wednesday 15 June 2016
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RNS Number : 1346B

Keras Resources PLC

15 June 2016

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Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

15 June 2016

Keras Resources plc ('Keras' or 'the Company')

Strong Gold Results at Prince of Wales Underpin Development Plan

Keras Resources Ltd, the Australian gold mining company, is pleased to announce that reverse circulation ('RC') drilling at the Prince of Wales ('PoW') project, located in the Grants Patch lease area, has returned economic, high-grade results including 3m at 14.64 g/t gold (Au) from 66m (PWRC005) and 3m at 7.25g/t Au from 60m (PWRC002) and show positive grade continuity.

Highlights

-- The results underpin Keras' plans to deliver high-grade product from PoW to the Paddington processing plant in the next 6 months under the agreement with Norton Gold Fields Ltd ('Norton')

-- The mineralisation delineated via drilling provides near surface, quick access high-grade feed for processing

-- The PoW, which has a historic underground resource of 154,000 t at 8g/t Au, is located on the same leases where the Company is currently mining the Accord and Anomaly 22 open pit deposits
-- Opens up 20,000t of high-grade ore from the previously developed Consols decline
-- The Company will now commence a resource development programme utilising diamond drilling
-- Clean up of pit underway to re-access decline

Keras Managing Director Dave Reeves said, "These results demonstrate the high-grade nature of mineralisation at Prince of Wales, open up areas of the asset previously not contemplated for mining and reinforce our view on the value of the project. The ability to access high-grade ore during the development phase of mining will greatly enhance our cash flow position. Work has now commenced on re-accessing the Consols decline with the clean-up of the pit and re-establishment of the portal area. It is envisaged that we will be able to access this ore in Q4 2016 which will provide high-margin material for the Company to add to the cash flow already being generated."

[l2e] 14/6/2016 07:52

Massive seller in the back?

[nikhilraj] 14/6/2016 07:43

There were more buys then sells but the share price still fell don't k ow what's happening?

[brewsters_millions] 13/6/2016 17:18

Looks like that 4 million share sell at .0086 knocked us down earlier.

[laptop15] 13/6/2016 15:11

SP taking a pounding here lads! !

[the count of monte_cristo] 13/6/2016 15:10

I am crossing my fingers that MNC have a good deal struck for LC, which may enable me to take a little off the table so that I can become a 1% holder here

[brewsters_millions] 13/6/2016 13:02

Buy = Hold = Patience for min 1 -2 months and expect to sell at min 50% profit.Easy peasy

[brewsters_millions] 13/6/2016 13:01

Amazing opportunity here to full your boots.Unbelievable! This should be trading double the share price lolPlacing sellers have created a fantastic opportunity here.Won't be long until they are totally cleared out :)

[tom111] 12/6/2016 19:23

Yes very disappointing here TCMC could not agree more,a strange situation when you have constant good news followed by a mark down,never come across this situation before.Results soon,will wait and see what happens next but I must say again very disapointed

[brewsters_millions] 12/6/2016 18:32

Excellent quality posts Recovery stock.

[the count of monte_cristo] 12/6/2016 10:50

Flood of buyers at the end of the day....it closed at 1p mate, whatever way you spin it the last few weeks action on the share price has been dissapoionting, unless youbwenr short.

[tom111] 10/6/2016 17:13

Yes and we had a flood of buyers at the end of play

[novicetrade68] 10/6/2016 15:56

You indeed called it RS - fair and square.

Still the drop has been on fairly low volume and to my surprise there are not many days where you see late reported huge sells, like 1m or 2m.

Nevertheless, all in all a bit disappointing so far as KRS is not a jam tomorrow outfit anymore, hopefully we'll find a point soon from where it will bounce.

[rec0very stock] 10/6/2016 15:18

Count,

Thanks but I doubt I will get any apologies; loud mouth clueless rampers never even admit they were wrong let alone apologise to those who were right.

There are not any big sellers because, outside of the board, there are no big holders.

We have had 2 placings this year - the first was the placing out of the Yorkville stock at 0.5p. We have also had warrants being exercised, but I expect those who exercised sold pretty quickly whilst the share price was going up - there is no point exercising warrants well before expiry unless you are going to sell pretty well straight away. There have been no TR1s from either placing or warrant exercises, thus the shares that have gone out went in reasonably small chunks to quite a few people. There are also people who are getting bored or are losing heart or see other opportunities they want to get into.

The key thing is nothing has changed with the story, if anything it has got better with POG going up, an extra deposit to mine and the underground projects being advanced thanks to the placing. Hopefully DR is focusing on mining gold and is not worrying about what is happening to the share price I do wonder though if his comments about getting institutions interested have spooked people. Institutions won't buy companies like this in the market, if they are interested at all they will want a decent chunk at a discount in a placing. The company should have no need of a further placing until they are in a position to get going on the Togo project. At which point the share price should be a lot higher and having institutions interested in taking a decent stake would be useful, but until the permit is granted there does not seem to be a lot of point talking to institutions. Unless of course they are worried that they will not have enough cash from the last placing plus what is coming in as revenue to get the underground projects up and running.

[tom111] 10/6/2016 14:47

All very odd with constant good news and a high gold price,just dosnt add up to where we are with the sp

[rec0very stock] 10/6/2016 11:38

I said when the retrace first started that 1p was a possibility and a price I would look to buy more at - I was called a deramper and filtered by insane rampers who have no idea how the market works.

The first payment was always going to be symbolic and not material - the gross profit on the first delivery is about £68k.

The share price has now lost 50% of what it gained from the new year - a Fibonacci point if you believe in that sort of thing.

Interims are due any day - they were out on 3 Jun last year and have to be out by 30 Jun. I expect the interims to show an increased loss, so probably will not get the juices flowing. However they may contain the news that is really needed, which is how far advanced they are towards going under ground - it is not a simple matter getting everything in place to re-enter an abandoned mine, but I would hope to see some tangible progress and maybe even a forecast date of when mining might begin. However we may have to wait for the quarterly update for that.

When I spoke to the company at the recent EGM they believed that 75% of the placing had gone to serious investors - I think they are mistaken in that as far too many shares have been sold for that to be correct.

I feel the bottom may well be pretty close now, but there is no way to tell until it turns - it is always darkest just before dawn. What we do know is that open pit mining has continued and POG has remained well above the A$1600 mark at which KRS make about A$350 per Oz. POG has also seen a retrace from highs and is recovering nicely from that and is likely to make new highs in the not too distant future. Whether it is best to try to top up before KRS share price turns the corner or to wait until a turnaround is clear is personal preference. However, just as the retrace in KRS share price was inevitable and the retrace in POG was inevitable, a turnaround - just like the one we are seeing in POG is also inevitable, because the company is engaged in profitable mining activity and has more positive news to come.

[dandadandan] 10/6/2016 09:36

Is it going below 1p to trigger some stop losses?

Those chartists must be getting very anxious looking at this roller coaster dip.

Just waiting to buy a few more at lower levels.

Will it go below 0.8p?

GLA.

[someuwin] 10/6/2016 08:07

Keras ‏@kerasplc · 3m3 minutes ago

Gold to resume bull cycle, with $1,400 in sight, ANZ forecasts @A$0.7:1US$ would equal A$2,000/oz!!

[113mike] 09/6/2016 21:36

& so does the sp!

[papillon] 09/6/2016 21:08

sashimi
9 Jun'16 - 16:09 - 725 of 727 1 0


Chart looks awful.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

You're spot on Sashimi. The KRS chart does look awful!

[panic investor] 09/6/2016 16:21

Sashimi yes ROLLOVER and its not a lottery draw !

[tom111] 09/6/2016 16:15

not very clever is it,news due shortly though mms may be stocking up,who nows,a mystery