Keras Resources Share Discussion Threads

[brewsters_millions] 13/4/2016 08:19

I'd be happy with 5p cmI'm holding out both ARS and KRS for good rewards.Funny they they both end with: RS Lol

[cpap man] 13/4/2016 08:10

Thanks b_m. By the way had a pm that R S is now stating 10p+ which whilst possible of course does appear a tad rampy to me!

[cpap man] 13/4/2016 07:50

As already stated b_m just keep buying any dips at KRS as the share price is in time headed to 5p+

[brewsters_millions] 13/4/2016 07:46

Thanks for your time in writing that up Recovery.1p is a good point to pile in

[rec0very stock] 13/4/2016 06:25

bm, laptop. Given where they are right now, I see fair value for the share as being around 2p. I think to go much beyond that they need to start mining PoW - there is quite a bit of expense and risk in that. The mine has been flooded for many years and whilst the go pro survey may have shown the timbers are in fair condition, it is what happens to them when they dry out that matters. The dewatering will start quite soon as they want the water for the open pit dust suppression, but actual re-entry will not be until late 2016 early 2017, given what Dave said, and it will be 2-3 months after that before mining restarts.

I have included nothing for Togo in that fair value assessment. Clearly there would be some sort of shareprice reaction to the award of the permit. However as they are not going to progress it and Mn prices have spiked artificially on China producing a load of steel nobody wants those prices will not be sustained. The could easily drop back to levels that make the project uneconomic. Dave is right to focus on the Aussie Gold. Even if the permit is granted I can see the project remaining in the bottom draw for a few years - the Togo government can't complain they should have awarded the licence when they said they would and the capital would have been raised and committed. Given how things have turned out the Togo government has probably done us a massive favour not awarding the licence as I doubt the Aussie Gold would have happened if all the focus had been on getting the Togo project into production.

In the longer term - probably the much longer term, if everything goes to plan (it rarely ever does) 10p+ with a nice dividend is a possibility. The trick is to get on a free ride and then bottom drawer them for 5 years.

As far as how deep the current retrace will be is concerned, it is pure guesswork based on how much the share price had risen how many people want to take profits and how much of the last warrant exercise is left to sell - I have nothing that tells me any of the actual answers to those questions. There are still a lot of unexercised warrants at 0.5p out there. People only exercise them to sell or exercise them shortly before they expire to hold, which is just under 2 years away. I doubt anyone would exercise more at this point, but when the shares get closer to fair value, I would expect more warrant exercising and more retraces - that is how shareprices behave.

Personally, to reduce my average by enough to make it worth putting even more money in to average down, I would need to be able to buy at 1p. It could get down that low or equally it could bottom out before then or it could go even lower (only fantasy traders claim to have bought at the lowest price and sold at the top) there is no way to tell. I have put a limit order in to buy at 1p. If it gets filled in the next few weeks great, if it does not, there are other things I am looking to do with the money.

[brewsters_millions] 12/4/2016 22:58

Recovery stock where so you see sensible share price levels?

[cpap man] 12/4/2016 21:25

Keep buying any dips at KRS

[laptop15] 12/4/2016 21:21

Unfortunately i bought in at 1.35p thinking i was getting a bargain, maybe i will try and double up and average down if it goes to £1. Do u think it will go lower than that?

[rec0very stock] 12/4/2016 20:51

lamanai,

Well done for confirming exactly what I said.

I think the retrace, which I predicted, has a bit further to go before it bottoms out.

Are the rampers who accused me of being a deramper and not knowing what I was talking about going to apologise? I doubt it; ignorant, impertinent Johnny come lately rampers never do.

Hopefully most sensible people can see them for what they are now. Let's get back to sensible and realisitic discussion.

novice,

The 3 tribute agreements all have slightly different terms. At the moment they are just working the Norton tribute which is not a profit share but a 22% royalty on the full price of gold recovered. It is the PoG on the day they call for the samples to be taken that counts, however monitoring the overall trends in PoG and A$ - US$ exchange rate is a good idea. To me PoG has flattened off since its rises earlier in the new year. A$ may also have flattened off having strengthened quite significantly since earlier in the new year so it is steady as she goes for now.

[danielmiller1] 12/4/2016 18:10

Kinda heard those words before Laptop old bean. That was when FRX was in its death throes.

But then who am I to be contra to Shares Mag

[laptop15] 12/4/2016 17:59

Maybe the warants have been sold off now and the buyers can return and pick up a bargain before POG breaks through $1300.

[laptop15] 12/4/2016 17:56

Another big dip today.....is the start of a dive for the end of the sell off? Shares magazine seem to think its worth investing and usually they are right so hold the faith guys....i have a feeling the share price will turn soon :)) good time to add more stock i think!

[danielmiller1] 12/4/2016 17:41

I was going to say.......what another fall again but I won't as it looks like is heading for a freefall..
Just have to wait and see.

I did as one poster said and relistened to the Share Talk presentation .......without wanting to sound negative.......I could have been listening to Dave on FRX.......might even explain the fall off.

Anyway those holding this are either very brave or very reckless with their money.



12 Apr'16 - 09:39 - 456 of 459 3 0

For anyone who is interested, the LSE Share Talk event presentation is now up the website. For clarity, DR said that there will be 15,000oz from open pit mining in Year 1, and left it open as to whether additional PoW deep mining gold would come on stream during that time. If it does, and he said it is dependent on cash flows from the open pits, then the 15,0000z will increase. That is how a 20,000oz figure is arrived at. DR delivered on the open pit ahead of schedule.

Worth a listen:-

hxxp://www.lsesharetalk.com/share-news/dave-reeves-keras-resources-plc-krs/

[novicetrade68] 12/4/2016 12:46

The Walsall presentation has now been uploaded on the Keras website I see and is now in the header too. Also added an Aussie gold chart so we can count our chickens a bit better here since we're getting 70% of net profits above A$1600.

[edgein] 12/4/2016 11:15

Also during the presentation Mr Reeves also mentioned that PoW when it comes online is set to produce around 5,000t per month of ore, that translates to 50-60000t pa or about 15,000oz given the grades of 8-10g/t. Also a point worth noting is that they are being approached by companies looking for partners (he did mention west Africa although said its not as good as Oz). Perhaps they'll announce further tributes with Norton in the future. :)

Regards,
Ed.

[edgein] 12/4/2016 10:56

Those interested will also note that year 2 target is 30,000-40,000 Oz (without further acquisitions, page 9 of that presenation).

Regards,
Ed.

[lamanai] 12/4/2016 09:39

For anyone who is interested, the LSE Share Talk event presentation is now up the website. For clarity, DR said that there will be 15,000oz from open pit mining in Year 1, and left it open as to whether additional PoW deep mining gold would come on stream during that time. If it does, and he said it is dependent on cash flows from the open pits, then the 15,0000z will increase. That is how a 20,000oz figure is arrived at. DR delivered on the open pit ahead of schedule.

Worth a listen:-

hxxp://www.lsesharetalk.com/share-news/dave-reeves-keras-resources-plc-krs/

[cpap man] 12/4/2016 09:21

Did say BUY any dips at KRS

[tom111] 12/4/2016 09:19

gold on the up again

[lamanai] 12/4/2016 09:14

There you have it. That's why KRS is not a good trading stock. I would have loved to have bought more on the dip, but I couldn't buy enough to make it worth my while. Still very happy with my original investment though.

[tom111] 12/4/2016 09:03

with difficulty bought some more at 1.29

[2prsimo] 12/4/2016 08:26

You have to put limit orders in with this one for some reason - hope no-one got impailed on the spike