Keras Resources Share Discussion Threads

[4sta] 24/1/2017 18:40

RS,
Surely you're not implying that Keras as a company has any similarity to Strat Aero?
Or is it just a name you've thrown into the mix hoping it'll frighten off any potential investors knowing of the awful reputation Strat Aero has?
I have to say I'm tempted to come to the AGM and discuss your motives as I think it highly unlikely you own a single share here although you probably are hoping to which would explain they way that you very sneakily post negativity.

[dingo75] 24/1/2017 18:09

it means you emphasise on a particular matter

[4sta] 24/1/2017 17:37

Could somebody please explain what an emphasis of matter is please?

[rec0very stock] 24/1/2017 17:29

Ed,

I have never seen a placing at a premium on AIM in a company that has an emphasis of matter in its accounts. Strat Aero has an Emphasis of matter in its accounts and has just given away half the company to raise a measly £380k at a 50% discount to previous closing bid.

If the drilling programme shows that the sorts of grades discovered in some of the relatively small number of holes drilled are matched across the area, then I agree it would be an excellent asset, however with such a small number of holes drilled, it is only promising. For comparison GGPs drilling results were dreadful in my view and I am not sure why they are even bothering to drill anymore holes in the ground.

I have not bought more shares for nearly a year now and have had to resist the temptation to cut my losses, particularly when the tribute projects were so disappointing. I have read and assessed all the info the company has produced and whilst I remain very nervous about the financial state of the company and how long it is going to be before any real value is realised, I still have faith in Dave Reeves ability to deliver, but he is not a magician.

[edgein] 24/1/2017 16:11

RS,

Old Ed is very realistic and has done the sums on Nayega given the parameters that KRS set and also phase two development to Ferromanganese production. The numbers are significant and that is why KRS still class it as a core asset. Yes the DFS was completed about two years ago now.

Klond grades look excellent rather than promising. Decent to high grades from surface to EOH on many holes, therefore open at depth and width. I guess that is why management took up those permits close to Klond to increase the exploration area. Imo over the longer term Klond and these permits will contain well in excess of 1M oz. Since you apparently hold 11m shares you must be secretly very confident in the future.

Regards,
Ed.

[edgein] 24/1/2017 16:02

RS,

I've seen a number of placings on AIM at significant premiums over the years. So therefore imo it would be wise to sit back and relax and wait for the management to get the job done. I would like to see anyone trying to get 500m shares in these in the open market, share price would be through the roof, as you say they're fairly illiquid and tightly held. Noone would want to be out if that licence comes for Nayega. Will the KRS team place a small amount prior to ASX listing, hard to say. AIM will just move to match the placing price set for the Ozzie listing.

Regards,
Ed.

[rec0very stock] 24/1/2017 16:01

Ed,

Klond and Nayega are at very different stages of development and therefore risk. Nayega is basically at DFS stage all we need is the licence and the precise tax and royalty costs and the DFS can come out, then a funding deal can be done and production can start. Klond is an early stage exploration. Grades look promising, but much more drilling is needed to get to a PFS. Projects at this stage are virtually impossible to value at all let along declare them to be excellent. Indeed I would like to see the Nayega DFS before deciding whether or not it really is excellent.

If you create unrealistic expectations then you are almost certain to be disappointed, if you look at things realistically then you have a good chance of being pleasantly surprised.

[rec0very stock] 24/1/2017 15:53

4STA,

Yes you misread my post, Count managed to read it correctly. I still hold over 11M shares and I am going to the AGM. Come along too and we can discuss my motives or anything else you want to question.

Novice,

I think they will do a UK placing after ASX. To try to use AIM instead of ASX they would have to issue nearly 2Bn shares at a whopping discount. 1 they do not have the authority. 2 the management would never accept that level of dilution.

The point of ASX is to open up to a new set of potential shareholders who have a far better understanding of the Australian part of the business. I still see no reason why they would pay significantly more for shares in the PLC than what they are trading for on AIM, hence why not trying to sell exactly the same thing is a smart move.

[edgein] 24/1/2017 15:46

RS,

Lets just say I've a little more optimistic outlook on KRS that you. :) Well that will be the benefit of the dual listing, there will be two markets to work from, if AIM keep ignoring the grades then the ASX is unlikely to. Things are not all that bad in terms of hard commercial reality, Klond and Nayega are two excellent assets for any small cap miner. If THR has little problem raising money on the ASX I cannot see KRS having any problems at all. The ozzies like old Ed are a little more optimistic too.

Regards,
Ed.

[novicetrade68] 24/1/2017 15:43

RS, may be KRS could still do a UK placing. Over recent weeks some companies on AIM did placings and nearly trebled shortly there after like KOD & URU. May be a similar scenario could play out here.

[4sta] 24/1/2017 15:42

Seems I'm not the only one that thinks Recovery Stock is doing his best to put a negative slant on what he writes. Yesterday I read his post as saying that Togo was worthless - " plus Togo and other largely worthless IO assets". Questionable motives.

[edgein] 24/1/2017 15:25

RS,

Your post read as if KRS were placing £500k shares at nominal value. I'm expecting the ASX dual listing to be at a premium to the oversold AIM price. For example GGP hit a cap higher than ours and their grades are about 5% of what KRS recently reported for Klond. I'm sure as management have 16% of the issued shares here they'll be acutely aware of the value of both Nayega and Klond to the long term future of the company. I therefore expect both the price and quantity of shares placed to take in the 2017 drilling programme and then some.

Regards,
Ed.

[4sta] 24/1/2017 14:39

New flash note out from Shard Capital.

[edgein] 24/1/2017 14:06

Have KRS ever issued shares at the nominal face value? I've looked at the company's placings and they've always raised money without issue at a significant premium. Given the high grades and continous from surface to EOH intercepts I can see the Ozzies being very keen on getting some at a significant premium to nominal value. In fact its very hard to find a company trading anywhere close to their nominal value let alone placing at that level. Yeah Nayega could be worth a reasonable amount, several hundred million is a very reasonable amount. Its a game changer as last estimated costs were around $9m for development and cost of mining at just $2/MTU its a future cash cow when the licence comes. They should really dual list and give the ozzies a crack at Nayega too even if these are undervalued. No need to be greedy, it'll get a higher price for the listing given the gold, manganese and IO.

Regards,
Ed.

[the count of monte_cristo] 23/1/2017 19:58

RS said the IO assets are largely worthless, not Togo

Is the mn price really doing that well?

[rec0very stock] 23/1/2017 15:57

Annual General Meeting of Keras Resources PLC (‘the Company’) will be held at Craven House, West Street, Farnham, Surrey, GU9 7EN on Friday 10 February 2017 at 10.30 am

[cpap man] 23/1/2017 15:45

When and where is the KRS AGM this year?

[the count of monte_cristo] 23/1/2017 09:23

a bit of bottom picking:) picked up 200k at 0.047p

[the count of monte_cristo] 20/1/2017 13:23

added a few more at .48p

[gautams] 20/1/2017 11:29

Must be our turn soon? - so many of the small miners seeing positive movements - frustrating