Keras Resources Share Discussion Threads

[aim0raider] 26/2/2016 08:22

Seems like they have a good model, taking a split of un-utilised gold assets that are sitting doing nothing. Once they've covered fixed costs in the business, its all margin.

[andylee3] 26/2/2016 07:42

I had the same problem yesterday and so had to stick a limit order in for 500K, eventually got them at 0.695. Think you're right, they are short of shares. Think this could keep going up on anticipation of possible further acquisitions mentioned by DR. Been in this since 2011, looks like patience is finally paying off.

[aim0raider] 25/2/2016 20:14

Wishing I had put more cash into this. Word is spreading and looks like people are wanting a piece, but stock seems tight.

[bearhug2] 25/2/2016 11:45

added again today..they want .77 now for anything.

[the count of monte_cristo] 24/2/2016 20:00

Market cap looks small compared to the potential, just need to get the gold out of the ground and we should be doing nicely. Rerate continues, reckon it may spike up further, I wonder if we will breach 1p during Feb

[bearhug2] 24/2/2016 14:47

managed to get 50k after that sell...cheers..

[novicetrade68] 24/2/2016 14:01

May be a big order in the background ? Just had a look myself, but likewise can only get a quote for 10k shares.

[bearhug2] 24/2/2016 13:58

All I can get is 1000 shares at .6975 LOL...

[liquid millionaire] 24/2/2016 13:50

Due to the fact that the market is currently extremely short of KRS stock!

[bearhug2] 24/2/2016 13:48

Why cant you even buy 10000 shares yet you can sell 500000?

[liquid millionaire] 24/2/2016 13:45

Obviously KRS will really benefit from the rising GOLD price but also the falling AUSSIE $

[novicetrade68] 23/2/2016 20:39

Yes, it's looking a lot better now - all in the space of a less of a month ; working capital sorted, YA out and a small deposit added today.

And like you say sashimi, we could hear a lot more regarding additional gold deposits, from todays' RNS : '' Keras is in discussions with further parties in respect to similar Australian gold tribute opportunities '' and

'I look forward to updating shareholders on further, similar initiatives in the not too distant future during this exciting time in Keras' development which should see us become the next, and possibly the only Australian focused gold producer listed on AIM."

[sashimi] 23/2/2016 16:59

I believe that today's news is another positive step forward. Should management manage to secure a couple more deals like today's and we could be set up for a nice profit. The way the RNS was written it seems it won't be long before we get ourselves another deal. Although I was surprised that the price didn't move more aggressively.

[the count of monte_cristo] 23/2/2016 07:51

Really good news that RNS...further similar deals likely by the sounds of it:))

[liquid millionaire] 23/2/2016 07:45

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
23 February 2016
Keras Resources plc ('Keras' or 'the Company')
New Gold Tribute Agreement with Production Targeted for Q2 2016

Keras Resources plc, the Australian gold development company, is pleased to announce that it has increased its gold resource inventory and 2016 production profile having entered into a profit share agreement with Kalgoorlie Mining Associates to mine the Wycheproof Gold Deposit located in Western Australia.

Highlights

· Wycheproof is a high-grade, shallow deposit located on existing mining lease
· Resource of 75,600t at 2.87 g/t for 6,974 ounces
· Mining to be undertaken in the near-term alongside production from the nearby Grants Patch Gold Tribute - mining fleet to be used across both sites
· Low cost acquisition with no dilution - 50:50 profit share
· Keras is in discussions with further parties in respect to similar Australian gold tribute opportunities

Keras Managing Director Dave Reeves said, "This tribute agreement increases our future production profile and given that it is in close proximity to our existing Grants Patch gold tribute deposits, which will come into production targeting 20,000 to 30,000 ounces of gold per annum in Q2 2016, we will be able to leverage our existing fleet and infrastructure. The Wycheproof deposit, although small, exists on a granted mining lease and can be brought into production in a short space of time. This latest agreement demonstrates the high level of activity in the region and the availability of deposits to be mined using a tribute method. The pricing environment for Australian gold is very attractive at the moment, and with this in mind I look forward to updating shareholders on further, similar initiatives in the not too distant future during this exciting time in Keras' development which should see us become the next, and possibly the only Australian focused gold producer listed on AIM."

[geoffsh] 20/2/2016 12:24

Thanks for that Count, the Keras story has the potential to be a very exciting one.

Good point Rec0very Stock regarding Keras being involved in mining other commodities than solely Gold.

[the count of monte_cristo] 20/2/2016 11:52

Keras is greek for..."one who talks or storytellar".

[rec0very stock] 20/2/2016 11:30

alan,


Personally I would like to see the licence take another 6 - 9 months. Getting it now when we can't move forward on it would be a distraction. Had it been awarded when it should have been, then I believe there was a good financing deal in place which would have seen shareholders do ok. I doubt that is the case now, but I do not know.

Sometimes things just don't work out and it is better to let them go and move on. Ultimately if the licence is not granted we write off what has already been sunk into the project and the people of Togo lose out. But there is no point losing any sleep over it, as Dave has already got things moving in other directions. Had Dave just sat there waiting for the licence, burning cash on PLC costs, we would not be seeing the shareprice back close to 52 week highs, indeed I think we would be making new all time lows right now, possibly even going bust.

[alan@bj] 20/2/2016 09:35

I certainly wouldn't argue with the company's current strategic direction. The focus on gold and cash generation is definitely the best thing to do. I just wish that Nayega licence would be granted. Nayega is potentially a great asset that would benefit the people of Togo as well as shareholders.

[rec0very stock] 20/2/2016 09:24

Dave has made clear that the focus of the company is making money for shareholders from mining. Gold is the opportunity of the moment, in particular Aussie Gold because of the weakness of the Aussie dollar, the fact that there are mines already there that can be started up quickly and the fact that you can get licences and permits in a reasonable time frame.

No 1 priority is to get cashflow. If gold is still the hot cash producer that cash will get reinvested in more gold. If a different opportunity arises which is a better bet then he will do that. The only strategy is low initial capex and bottom quartile opex. It does not matter what the mineral is and it does not matter where it is as long as it meets those criteria, then it is game on. thus choosing a name that is not associated with a location or a specific commodity is the right thing to do. Ferrex said Iron and was a mistake that has now been corrected.

The other Keras you can find if you do a google search on it: "Keras is a minimalist, highly modular neural networks library, written in Python and capable of running on top of either TensorFlow or Theano"

[geoffsh] 20/2/2016 08:58

I think it is great that they have grabbed the opportunity to refocus on gold production in Australia, it's brilliant, especially coinciding with the upward movement in the gold price ( long may it continue ) but given that they intended doing that when they changed the name of the company it is a pity they did not decide to rename the company Keras Gold or Kalgoorlie Gold or Australian Gold to reflect what the focus of the company is now. Does anyone know the significance of the name Keras?
Apart from that very minor point Dave and his team are doing everything right and I am sure once production starts there will be plenty of publicity and a lot more investors will realise what a great investment this is going to be. In the meantime current investors have the opportunity to fully invest at these prices.

[alan@bj] 19/2/2016 20:44

Quite, but without the licence, Nayega is not and never can be "superb".

[rec0very stock] 19/2/2016 19:59

alan,

The licence in Togo will get signed when the government in Togo feel like it. There is nothing Dave can do about it and I doubt he really cares at the moment. Even if it was awarded tomorrow he would not move forward with the project. The price of Manganese is at an 11 year low:

hxxp://www.infomine.com/investment/metal-prices/manganese/

The operation would be marginal at current prices. Dave did have a financing deal lined up, but that may well have fallen through with the delay in the licence and the drop in price. Even if the deal is still there it probably would not represent good value for shareholders now. For now Aussie gold is the way ahead and the cash flows from that seem likely to dwarf the cash flows from Manganese. That could change, but the priority for now is getting cash flowing in. Once cash is flowing in the shareprice will be in much better shape so money could be raised for other projects without mega dilution and the cash flow could also be used to fund other projects. If prices and exchange rates are still the same when the cash is flowing I would expect more Gold projects to be brought online ahead of the Manganese even if we do have a licence by then.

If Manganese is back up and pursuing that project is the best use of cash, then that is what would be done. It is nice to have a choice, rather than being a one trick pony.

[alan@bj] 19/2/2016 16:40

Subject of course to Togo granting the licence. It's all gone very quiet on that. some kind of update may have been helpful.