Keras Resources Share Discussion Threads

[novicetrade68] 12/5/2016 19:56

If only we knew Laptop, wouldn't that be nice ;-) But it is hard to say... at least this week I haven't seen any large delayed trades that look like sells.

Volume hasn't been highest this week and most of the sells look like PI trades to me. That doesn't mean 'the' overhang is gone, but you can only go by to what you see. Limits to buy generally have been pretty tight, so that is encouraging at least.

[laptop15] 12/5/2016 18:00

When do u guys reckon the share price is going to move out of this 1.20-1.25 range? Do u think people are still selling from that placing at 1.10p??

[novicetrade68] 12/5/2016 12:57

15k shares is all you can buy at the moment.

[edgein] 12/5/2016 12:39

Someone paying over for just 238k. Supply must be drying up it seems.

Regards,
Ed.

[thomasthetank1] 11/5/2016 14:08

Read Beaufort Securities's note on KERAS RESOURCES PLC (KRS), out this morning, by visiting hxxps://www.research-tree.com/company/GB00B649J414

"Subsequent to the successful placing for £1.25m last month, the company managed to fast-track its internal assessment of the Lindsay's Mine and exercised the KalNorth Option to redevelop the project. The company plans to extract the ore through a staged approach with significant grade control and in-fill drilling ahead of the mining phase in order to mitigate the risks associated ..."

[laptop15] 10/5/2016 22:42

Good news today and share price still drops.....strange!

[laptop15] 10/5/2016 22:41

Can't be many more of these selling days left before they are cleared out?? Every time it gets to 1.25/1.30p its sold off. ...guess its from the placing still.

[greatfull dead] 10/5/2016 14:27

Ed,

Your welcome.

Doing some serious porti checks!

ATB,
GD

[the count of monte_cristo] 10/5/2016 13:16

A bit of patience required here...until the money starts rolling in.

[edgein] 10/5/2016 08:17

GD,

Ta chap, I've been polishing it. Good news here today, Lindsay is coming very soon. RC rig being mobilized for the grade control this month and production from these surface pits will be coming shortly after, like very early Q3 imo. Sounds like planning is also well advanced for the underground operations. Still going great guns as the management push ahead, not surprising though as we're still around $1725 ozzie.

Regards,
Ed.

[greatfull dead] 10/5/2016 07:51

Ed,

Your post 540, that crystal ball works.

ATB,
GD

[someuwin] 10/5/2016 07:28

Keras ‏@kerasplc · 16 minutes ago

Its official, planning well underway for Q3 start at Lindsays #gold #cash ttp://ow.ly/94zd30042bG

[cpap man] 10/5/2016 07:25

Keras Managing Director, Dave Reeves said, "Subsequent to the successful £1.25m placing last month, we are pleased to have been able to fast-track our internal assessment of the Lindsay's Mine to the point that we are now comfortable to exercise the KalNorth Option to redevelop the project. As with our current operations at Grants Patch, in order to mitigate the mining risk we will be extracting the ore through a staged approach with significant grade control and in-fill drilling ahead of the mining face. The underground bulk sample, extracted from a 300m on-reef decline drive, will not only provide significant grade and geotechnical information for the ongoing feasibility study but, as it forms part of the underground development plan, will reduce the time required to develop the high-grade Parrot Feathers resource."

[the count of monte_cristo] 09/5/2016 11:31

Thanks ryan83, sounds good!

[ryan83] 09/5/2016 10:22

Nayega is still in Togo, KRS still wait for the licence, its the main Government structure holding it up. But when DR went to Togo and met with the mines & ministry (or equiv) they were desperate for KRS to get the licence, and were a bit concerned with KRS driving forward with gold operations in Australia as they thought KRS were going to pull out of Nayega. DR also related back to shareholders the enormous amount of work Togo had undertaken to upgrade infrastructure (roads, ports etc) which will help KRS no end once Nayega gets up and running. So although from a KRS standpoint still no mining licence, it would seem that Togo have cracked on and improved the infrastructure which will make it easier for KRS to transport manganese and no doubt would reduce either the cost of producing in Togo due to improved transport links making transport easier and quicker. So in short, once the mining licence drops, Nayega could well move quickly. As DR has said though, right now its all about gold and profits. Once KRS are sat on that cash pile it all of a sudden opens up lots of doors to them.

[the count of monte_cristo] 08/5/2016 18:56

Laptop....me thinks a sharp rise.

The share price never breached 2p in April, reckon 2p is the short term target.

More news on gold deliveries will help.

So to summarise what is the situation with Nayega?

[laptop15] 07/5/2016 23:28

Next week could see the share price rising as most of the sellers would be out now after the placement.

[novicetrade68] 06/5/2016 18:36

AUD must have crashed I guess, gold in $$ hasn't reached new highs for now.

[tom111] 06/5/2016 17:49

Now 1758 AUD

[edgein] 06/5/2016 09:57

Nice to see we're charging at AU$1736 per Oz.

Regards,
Ed.

[lamanai] 05/5/2016 12:30

No problem NoviceT. Just for clarification it is the PoW AISC that is AUD900 including royalty. That is why DR wants to get cracking on the higher grades there. I have had no indication that the AISC on the open pit projects has decreased to significantly less than the AUD1200 including royalty that was previously stated.

[novicetrade68] 05/5/2016 10:40

Thanks for getting that clarified with DR lamanai - very pleased to hear the royalty is already included in the AISC - it all counts ;-)

[edgein] 05/5/2016 08:54

Lamanai,

Yeah its currently getting fab margins at the moment because the current production is at surface and lower cost to PoW. Then we should get Lindsay's on soon. Before they raised the cash they were targeting Q3 for Lindsay start up, as we know they showed pictures of the optical sorting trial at Lindsay. Its a cash cow already with Ozzie gold trading at $1705/oz but we'll likely double production with the start up of Lindsay (10-20000oz pa, that's about 10 years of production). PoW as you say will be another significant producer to the company and produce significant additional free cash flow from early next year. I don't mind the healthy profits to wait until they acquire several other assets, make use of their large free cash flow. Make hay while the sun shines and its certainly shining on KRS with huge margins on ozzie gold.

Regards,
Ed.

[lamanai] 05/5/2016 08:26

Heard from DR and the figures in the placing RNS are correct. For PoW AISC is AUD900 including the 22%. Fair to say that DR is eager to see it realised, and so am I. If we get 25,000 oz from PoW next year, that is a very healthy gross profit of £10m on PoW alone. Plus the rest. And it should all kick in earlier than that.

Well done Ed for spotting this.