Keras Resources Share Discussion Threads

[edgein] 16/1/2019 08:35

It was back around 15/16 that Dave was gonna release the triple whammy DFS/ML/Funding RNS, Mn price was around $1.48 and then rose to $1.80 ish. So if we put the recent $5.07 into perspective, yes its dropped a little recently but its fantastic compared to when they first thought about development of Nayega. Nayega and the elusive mining licence is still the main reason I hold here, CAI is just a bonus always has been since they split KRS. Hopefully the performance of this trial mine will kick the government into action to issue the full ML for 250-500k pa.

Regards,
Ed.

[edgein] 16/1/2019 08:15

Zhockey,

Nope around $1/mtu at the time. The Mn is 11-14% and from surface to about 10m deep its more like alluvial mining almost rather than a pit. They just sort it and wash it to turn it into consistently high 41% Mn it seems. With the Mn price currently around the $5/mtu its got fantastic economics.



Regards,
Ed.

[zhockey] 16/1/2019 08:06

Ed, cash costs expected to be $2/DMTU aren't they?

[edgein] 16/1/2019 07:57

I remember when I first bought FRX due to Nayega being a future cash cow, 38% Mn concentrate was $1.80/MTU.

Regards,
Ed.

[zhockey] 14/1/2019 22:02

Sir, your article is about Magnesium.

For those interested in Manganese:

hxxps://www.metalbulletin.com/Article/3853577/DAVIES-ON-ORES-Last-years-good-news-proving-a-drag-on-manganese-in-2019.html

Manganese 37% FOB PE is down 17% in the past month.

[dreamtwister] 14/1/2019 20:27

"manganese still collapsing" back up your statement ! manganese is sought after for the energy market,but more important manganese is in crictital supply for the food chain "fertilizer" actually if you read the link manganese is being extracted from waste coal.

[zhockey] 14/1/2019 09:25

Manganese still collapsing, will be interesting to see where the floor is.

[zhockey] 11/1/2019 08:28

Calidus selling off as expected.

[zhockey] 07/1/2019 10:25

Mn is down 10% in two weeks. Whilst the gold price rising is good for sentiment, in the short term there's a risk that CAI would sell-off when the resource upgrade is announced.

[chirpy cheep] 07/1/2019 09:51

Now that's the best bit of Double Dutch I've seen in a long time. Mn is not collapsing and it's balanced by the fact that Au is rising.

[zhockey] 07/1/2019 09:33

Could be a good buying opportunity coming up, with the Manganese price collapsing and potential sell on the news at Calidus.

[seagreen] 04/1/2019 15:24

Blimy the late and slightly controversial/mad but much missed and my drinking buddy Ashley James (RIP) must be sending his thoughts to Clive Maund... good read Andy


"dyor, nag, etc *-) for those who are old enough to remember his posts

[alwaysevolving] 03/1/2019 18:49

Nice read that Andy, thanks for posting it.

[andylee3] 03/1/2019 08:31

Interesting article....”What’s Different with gold this time around”

[zhockey] 24/12/2018 14:52

Let's hope that the overspend was for a good reason, i.e. securing a new investment prospect.

[rec0very stock] 24/12/2018 14:08

All back on track - notice how there is no mention of end of Jan date for completion now. Instead "This payment is expected in February 2019 post the completion of the bulk sample. The loan will be repayable at a 4% premium on or before 30 March 2019"

So a small delay and directors putting their own hands in their own pockets to avoid dilution. This is what sets KRS apart from the lifestyle companies at the bottom end of AIM.

[rec0very stock] 22/12/2018 11:07

Andy,

Fully agree. Mining rarely runs smoothly and, having worked in Africa, I know little things become big problems very easily, then finally melt away to nothing never to be mentioned again.

There is no point speculating what has gone wrong and how bad or minor it might be. It is hard for companies to keep shareholders informed, when by doing so they could make the problem worse - the Togo Govt will be keeping an eye on any announcement formal or informal. They will be particularly sensitive to anything critical fthem and any criticism could set back the relationship immeasurably.

Hopefully we know enough about Russell to know he will be doing everything possible to resolve whatever the problem is to get the best possible outcome for shareholders (including him and the rest of the board).

What KRS are trying to do is technically very simple. They have done enough sampling to know what it is they are digging up and know all they need to do is wash the mud off and put it on a train down to the port and away it goes to the offtaker. Thus whatever the hitch is, once resolved, everything can get back on track with minimal further delay.

Russell will let us know when he can what the overall impact is. The really important thing is the onward licence and doing things that endanger that would not be in our best interests.

[andylee3] 21/12/2018 22:41

RS, yes you’re correct, P.I’s do claim great things must be happening, but on the flip side, delusional P.I’s claim how BAD things must be happening in the background and then come up with wild speculation about what those bad things could be and what it will mean when the truth is finally revealed.
Let’s remember, FACT and TRUTH is based on what the OUTCOME is....not speculation.

[zhockey] 21/12/2018 08:56

Something is definitely up in Togo, we were getting regular, reassurance via tweets. Now nothing. I suspect that there are some issues with the scrubber that they are trying to optimise. Let's hope it's not a fundamental issue.

Very poor communication policy, they should at least be consistent.

[rec0very stock] 20/12/2018 20:32

I do think zhockey has a point. I think if the resource upgrade is not quite a bit more than 1MOz then CAI private investors will be disappointed. POG is recovering well now and that might offer a more positive sentiment, if it continues.


We could do with hearing some good news about Togo in the new year, as a minimum we want the current level of work to continue because we need the cashflow. With the way the market has been behaving recently, I think even a small placing here would be horrendous. I don't think any CAI news is going to get KRS share price moving until the threat of a fundraise has gone away.

[zhockey] 20/12/2018 13:56

That is indeed a new, positive angle.

althought the CAI price is down at 2.8C already.

[andylee3] 20/12/2018 10:11

Well Zhockey, ask yourself this....

Why would Alkane increase their holding by nearly 20 million (at market value circa 0.03) if it was going down to your optimistic forecasted level of 0.02?

Here’s the announcement.....

[zhockey] 20/12/2018 09:13

Let's see, time will tell.

I'd love for the CAI price to be much higher, but I just can't see that be realistic in the next 6 months with the expected news flow.

[andylee3] 19/12/2018 22:53

Zhockey, when you fill your glass to the brim, you’ll still have a glass...half empty.

You speak absolute tosh, with no substance behind your claims.

Your posts here offer absolutely no substance and no added value for shareholders.

Whatever your agenda is, take it else where.