Keras Resources Share Discussion Threads

[tim000] 16/5/2024 10:06

Nice buys today, not me though I am now over 1% - not difficult for such a tiny mkt cap.

[citys2874] 15/5/2024 08:45

should cross 3.00 fairly soon great time to buy and be in here

[citys2874] 14/5/2024 13:53

up 14 percent now momentum gaining traction could have an afternoon rally coming today

[citys2874] 14/5/2024 13:39

With commissioning of the Delta plant to happen very soon in the coming days or weeks , this is the perfect time to be in here and should also have a strong summer mining season too

[citys2874] 14/5/2024 12:42

in the top 10 gainers now moving up the leaderboard

[citys2874] 14/5/2024 12:41

up 11 percent ticking up

[citys2874] 14/5/2024 12:05

up 8 percent moving up

[citys2874] 14/5/2024 12:05

market makers ready to lift this higher

[citys2874] 14/5/2024 12:04

in the top 15 gainers on the leaderboard buying strong this morning

[citys2874] 14/5/2024 12:01

Good time to buy before commissioning should start to rally

[the skipper] 14/5/2024 10:51

Yes, the market makers seem to be desperate to get their hands on some stock. Has to tick up soon imo following another small buy.

[tim000] 14/5/2024 10:35

There’s a purchase of 1 share gone through. Mythology is that these are inter-MM communications signaling book imbalances. Does anyone know better??

[tim000] 14/5/2024 10:32

Good to hear.

[the skipper] 14/5/2024 10:30

Well the market makers are offering me 2.41 on a dummy sell of 100k so I think not tim.

[tim000] 14/5/2024 10:15

I don’t really understand market making, but presumably the refusal to raise the bid price is because they have a worked sell in progress.

[the skipper] 14/5/2024 09:41

Less than a month to go until tenders close for Nayega though, so let’s not discount it.

[tim000] 14/5/2024 09:27

It will be interesting to see how Nayega develops - projects like this typically don’t move quickly in Africa though, unless perhaps there is Chinese involvement. I’m much more interested in the growth of phosphate sales through the JV.

[the skipper] 14/5/2024 09:17

The next catalyst should be the awarding of the production contract for Nayega. The first of Graham Stacey’s options at 4p should then come into play imo.

[tim000] 14/5/2024 08:17

Added again this morning.

[the skipper] 13/5/2024 12:34

The thing to focus on here is the exercise price for the options granted to Graham Stacey back in February:

They indicate clearly the direction in which the board think this is going imo.

[stockriser] 13/5/2024 11:47

I done a little bit of topping up myself on the 8th May and again today.

GL SR

[tim000] 13/5/2024 10:35

Showing now.

[tim000] 13/5/2024 10:24

The share price does indeed look too low; I’ve bought 650k since its trough, including 120k today not yet printed. One never knows where the bottom will turn out, but the business is making strong progress via its JV and might have a very bright future.

[the skipper] 09/5/2024 11:42

You have to wonder if the market makers are concealing trades here as the two recent news items certainly warrant a much higher market cap. I would also surmise that the two trades marked as sells are the outcome of worked buy orders, as was my 160k buy yesterday.

[apotheki] 09/5/2024 11:15

Keras Resources* (KRS LN) – 2.15p, Mkt cap £1.6m – Togo invites contractor bids for management of Nayega

(Keras holds 100% of the Diamond Creek phosphate mine in Utah, USA)

· Keras Resources reports that activities at the Nayega manganese mine in northern Togo have resumed under the management of the State-owned investment company Société Togolaise de Manganèse (STM).

· Tendering for “the management of all mining and processing activities at Nayéga and a total logistics solution from mine to port … closes on 7 June 2024 and requires the successful applicant to be fully mobilised within 6 months of the tender award”.

· Today’s announcement says that the “timing of the Tender process is very advantageous with regards the manganese market which has rebounded recently from a prolonged low price environment and the Nayéga mine, which is effectively production ready will be able to produce into this rebound in a short period of time”.

· Under the terms of its “cooperation agreement … with the Republic of Togo … Keras has advisory and brokerage agreements with the State where the Company will be paid an advisory fee of 1.5% of gross revenue generated from the Nayéga mine for the provision of advisory services for 3 years and 6.0% of gross revenue generated from the Nayéga mine for the provision of brokerage services for the lesser of 3.5 years or 900,000 tonnes of beneficiated manganese ore produced and sold from Nayéga”.

· CEO, Graham Stacey, said that “progress at Nayéga is very positive for Keras from an additional cashflow perspective and will underpin what has been a hugely productive 6 months at the Company's flagship operation in Utah, USA where its subsidiary Falcon Isle Resources Corp, now operating from its 100% owned facility in Delta, is finalising the construction of a fully integrated granulator plant to produce Phosul® granules under the joint venture with partners, Phosul LLC”.

Conclusion: Production of manganese from Nayega under Togo Government ownership should trigger advisory and brokerage fees for Keras as it advances its Utah phosphate project in joint-venture with Phosul.

*SP Angel acts as nomad and broker to Keras