Keras Resources Share Discussion Threads

[edgein] 19/2/2016 15:27

Count,

Yeah still massive upside for sure so I moved some more of my 88e profits in this direction. Take the gold assets alone, 25000 at AU$1726 is a turnover of AU$43.1m and a net profit before tax of AU$13.1 or about £6.5m for these first few Ozzie gold developments. With around 325k approx in reserves that's for the foreseeable future once they get things up and running (let alone any more of these surface pits they sign up for).

Nayega when it comes is superb too, why you and many of us are here too I guess. Dave's doing the right thing to concentrate and transform the co on the gold assets but Mn will be big when it comes. costs of $2/dmtu (10kg) and sales of $280-330/Tonne of 38% Manganese concentrate ore. Take the low end case of $280 and you're looking at a turnover of US70m/AU98m and a pre tax of around AU$23.8m (that's for the 85% current wi). Phase two is the real transformation with 75% HC ferromanganese selling for around $1000-1500/tn, 60,000 tn pa of that with its much higher margins than for concentrate and its a major cash cow.

Definitely some major upside for those with patience.

Regards,
Ed.

[jester jim] 19/2/2016 13:14

dipped my toe in today.
rising gold price and falling Aussie dollar make this a very interesting play.

[the count of monte_cristo] 19/2/2016 09:44

Holding my 5.7m shares tight, good luck all long term holders. I think we could be onto a winner here if they do get the Aussie gold mine up and running

[ryan83] 18/2/2016 16:35

this one should get on the radar soon enough. Lock and load the loose stock for now gents!

[rec0very stock] 18/2/2016 13:43

The deal with Yorkville was a disaster. I spoke to them about it at the AGM nearly 2 years ago and they admitted it was not what they wanted to do, but at that time the Anglo deal on Gabon was working its way slowly through, they needed the cash and Yorkville were prepared to provide it. As soon as they announced it, the share price began to crash. They were called up by various brokers after the event saying they could have raised the cash - no good after the event!

Having Yorkville out through a placing, rather than have them dumping into the market as the shareprice improves is good news. As long as Dave does deliver next quarter, the future is bright for Keras. Dave has not had a lot of luck with this over the years and it is about time we all got some. Just pray the gold price does not crash back down to $1000 and the Aussie $ does not strengthen against US$ and we are home and dry.

The gold deals will all be down to the high regard in which Dave is held in the industry and yet again he has put his own money in to make it happen for all shareholders. If it was not for my faith in Dave, I would not have touched this with a bargepole given the track record of deals falling through and licences not being awarded over the past few years - none of which is Dave's fault.

[novicetrade68] 18/2/2016 13:22

Thank you for posting that, and nice to see again the share price recovering mid day. Personally thought yesterdays news was again a vote of confidence with YA being removed from the share register in hopefully more solid hands.

[rec0very stock] 18/2/2016 12:22

From share price Angel morning mining note:

"Keras (KRS/AIM/£6.6m) – Soon to be London’s next and possibly only listed Australian Gold Producer
With the name change from Ferrex to Keras the company is now focused on near term cashflow projects in Australia. Key points below:

Keras have signed a 5 year tribute with Paddington Gold a subsidiary of Norton Gold Fields to produce from small scale deposits within their leases
 All product will be treated at the Paddington Mill which has capacity and is only 25km from the deposit.
 The company reckons it is funded to first production in Q2 and aim to produce c. 25koz pa.
 First production from two existing open pits (est. 164,000t @ 1.4g/t for 7,200oz) with no need to pre-strip. Confirmatory grade control drilling started.
 There are a further two open pits to follow, both oxide with historical resources of 150,000t @ 2g/t for 10,000oz and they are doing an internal FS into the restart of the Prince of Wales UG Mine which has c. 650,000t @ an ave. 10g/t for 209,000oz.
 All development will be funded by cashflow meanwhile there are plenty of other opportunities to investigate nearby.
 They will hire their own equipment but contract mine to keep costs low.
 Payment wise they get paid 30days from delivery
 On the numbers side their AISC C3 costs (which includes the 22% royalty to Norton) is c. A$1,200oz against the current gold price there of A$1,680/oz giving them c. A$400/oz margin ie A$10m pa based on production of 25koz.
 In terms of their existing portfolio, the iron ore is on the back burner for the time being given the current price. In Togo they are working on the mining licence for their manganese licence with a view to doing a joint venture on the project once they get it.
Keras will become London’s next listed Australian gold miner. The Australia gold sector is currently booming due to the weak Aussie dollar looks set to become the next gold producer on AIM with production due to start in Q2. There are further similar opportunities with companies either cash strapped and or lacking the skill set to mine or simply not focused on the smaller deposits which they are looking at that have the potential to add further near term production oz. So far the market has not picked up on this - BUY"

[ryan83] 18/2/2016 11:07

surprised at this shareprice, production round the corner, 30k oz per annnum with gold around a$1700 and AISC $900

from acquisition RNS

"The current Australian dollar gold price is approximately A$1,550/oz. Ferrex is targeting C3 AISC of approximately A$900/oz, excluding royalties."

[sashimi] 16/2/2016 18:18

Just viewed that interview posted today on sharetalk and I must say I feel really happy of how things are starting to look here in the near term. Should they deliver what they promised in Q2 we shall see a huge rise in market cap. One more thing that seems to be going on in the back round is that they are working to acquire a few more small gold deposits in Australia.

[sashimi] 16/2/2016 12:31

With the next buy the price should tick up. Last 2 sells gone through for 0.59

[hotsherbert] 16/2/2016 06:16

Another Dr interview,



Gl all.

[novicetrade68] 15/2/2016 20:59

Really nice to see some volume here, 8m traded plus a few on ISDX. Gold in $AUD is already A$100 higher then what the company has been budgeting for, A$1702 atm.

Thought the interview was really positive. Ok, so all the focus is now on gold, but with a MCAP of just £6m I would think there is much more upside here, as long as they can deliver next quarter.

[the count of monte_cristo] 15/2/2016 11:01

Looking good...lets get that gold out of the ground $$$$

[4sta] 15/2/2016 10:56

It seems that finally people are beginning to realise the huge short term potential here.

[alan@bj] 12/2/2016 18:47

Many thanks, HotSherbert.

[hotsherbert] 12/2/2016 17:42

Apologies to all notwitters, please click the following



for an interview by Dave Reeves put out today.

Gl all

[alan@bj] 12/2/2016 16:43

Any chance of elaborating for those of us who don't do tweets, HotSherbert?

[hotsherbert] 12/2/2016 15:44

check your tweets D.R on the box.

Gl all

[novicetrade68] 12/2/2016 13:48

I wonder whether we'll get an update about Nayega too at some point, still awaiting the mining license.

[sashimi] 12/2/2016 13:09

Depends how long it will take to get the grade accord results. Not sure if it will be done on site or have the samples shipped to a lab.

[the count of monte_cristo] 12/2/2016 07:52

Gold price over 1200 US, lets get digging it out the ground!

[sashimi] 11/2/2016 17:29

@kerasplc: Grade control finished at a anom22, next accord then drill and blast!#KRS #gold #cashflow hxxps://t.co/OE91ZBeCcV

[sashimi] 11/2/2016 14:05

Anyone planning on attending the talk tonight and meet DR?

[novicetrade68] 04/2/2016 17:43

Ok interesting, I wasn't aware they had a Twitter account, but it seems to be updated frequently. Added it to header now,

[sashimi] 04/2/2016 16:27

DR tweeted some pictures of an excavator clearing the way for the drilling to take place soon.