Keras Resources Share Discussion Threads

[liquid millionaire] 07/3/2016 08:00

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining
7 March 2016
Keras Resources plc ('Keras' or 'the Company' or 'the Group')
Final Results

Keras Resources plc, the Australian gold development company, is pleased to announce its final results for the year ended 30 September 2015.

Highlights:
· Focused on gaining near-term cash flow - gold production expected in Q2 2016 following the acquisition of Chaffers, which holds the Grants Patch Gold tribute agreement in Australia
· Name change to Keras Resources PLC to reflect re-focused strategy on Australian gold and cash flow opportunities
· Completed equity fund raising of £835,000 in February 2015 and raised £564,000 in February 2016 by way of the issue of an unsecured loan note to include the limited working capital required to commence gold production
· Finalised the Definitive Feasibility Study for the Nayega manganese project in Togo which indicates that the capital and operating costs will be substantially reduced from previous estimates.

Keras Managing Director Dave Reeves said, "2016 will be characterised by maiden cash flows and we are delighted with the progress made during the period, which set the foundations for what we are confident will be a successful year ahead. Gold production is set to commence shortly which will be a very significant milestone in our genesis, particularly considering that this will be achieved with limited capital and minimal dilution. This will make us the next, and possibly the only Australian gold producer on AIM. This transaction is particularly attractive given the positive gold pricing environment in Australia at the moment and therefore we believe that it makes sense to focus on this region and commodity in the near to mid-term, and I hope shareholders will agree that this de-risked strategy has the potential to drive significant growth in Keras going forward. I would like to thank shareholders for their support and patience during the period under review and look forward to delivering positive news in respect to our forthcoming achievements shortly."

[alan@bj] 04/3/2016 18:01

I believe it's late June/early July but might be wrong. A rough timescale is in one of the RNS's I think.

[sashimi] 04/3/2016 17:36

Anyone here knows what's the time frame from excavation to actual gold production in normal circumstances?

[lamanai] 04/3/2016 15:45

...and I might add, the 'real' bid is now above yesterdays 'real' offer.

[sashimi] 04/3/2016 14:10

For a moment there I thought we where heading for 1p. If not today, soon

[ryan83] 04/3/2016 08:56

its a melting pot destined for an increased shareprice LM! KRS should be a 'good earner' this year. Looking for 2.5p at some point!

[liquid millionaire] 03/3/2016 21:38

And look at GOLD go....

[the count of monte_cristo] 03/3/2016 21:31

The momentum says..."I want 1p"...at least thats what I see in my dusty crystal ball...

[lamanai] 03/3/2016 11:00

4STA,

Usually the actual spread is a fraction of the published one. Even with the spread, imo there is a lot of money to be made with KRS, and I don't object to the MMs having their small cut*.

*although it would be even nicer if they didn't

[4sta] 02/3/2016 16:16

Want to buy some more to get my average down but with this spread the only ones that'll make money are the mm's - ridiculous.

[ryan83] 02/3/2016 10:56

great update, all on time and budget. Newbies will read the RNS and think what only 7k ounces? but thats the appetiser.

See the interview 15th jan

hxxp://www.lsesharetalk.com/share-news.php

[greatfull dead] 02/3/2016 09:55

Off standby and bought in earlier.

[liquid millionaire] 02/3/2016 09:50

Managing Director, Dave Reeves said, "With the mining fleet now on site, we remain on course to commence first gold production from two shallow laterite gold pits on the Project in the very near term. We estimate these initial areas hold 164,000t at an average grade of 1.4g/t, containing 7,200oz Au, which we expect will provide four to five months of production feed. With no pre-strip required, these low cost deposits are expected to generate material cashflows for the Company, which in line with our strategy will be reinvested into developing other sites on the Project, including the Prince of Wales Underground Mine which has a historic resource estimate of 650,000t at an average grade of 10g/t, containing 209,000oz Au. This is an exciting period for Keras, one which will see us transformed into a cash generative miner and I look forward to providing further updates in due course."

[liquid millionaire] 02/3/2016 09:48

Not too sure about that T C o M_C....my charts show KRS headed towards the 2p to 3p area

[greatfull dead] 02/3/2016 08:23

On standby!!!!!

[the count of monte_cristo] 02/3/2016 08:22

Resistance at 1p...seems to me this is where we are heading.

[mike_f] 02/3/2016 07:58

Hi andylee3, how are you? Still in here with a small amount, yes. Thought I would share the article as Keras got a mention! Have the majority of my funds in AAU at present and that's why I stumbled across the PR piece being mentioned in the same article. (have a look and let me know your thoughts on that one) Can see exciting times for both companies in the near term so fingers crossed they play out well for us. :) GL

[ryan83] 29/2/2016 10:32

seems someone got charged nearly 0.8p this am for over 1m shares.

[the count of monte_cristo] 29/2/2016 08:33

posted on wrong bb!

[the count of monte_cristo] 29/2/2016 08:02

interesting RNS on AMA this morning:))

[the count of monte_cristo] 28/2/2016 20:26

Nice little article, I would imagine the low oil price is also helping out miners, oil being one of the chief costs with mining. I think this year will see a pick up across the commodites sector as well as the small cap exploration and producers. I also expect consolidation across the sector...when was the last takeover of an AIM miner or exploration stock?

Name dropper...AMA looks interesting hold a very small amount in them compared to my KRS.

[gautams] 28/2/2016 09:47

Nice article in the business section of the Sunday Times "as fear and uncertainty stalk markets, the world turns to gold."Commodity experts CPM long term price forecast $2k per ounce. Double edged of course with Brexit and US election but may help Keras in short term in my view.

[andylee3] 26/2/2016 16:00

Hi Mike, noticed you posted on 24th Feb, haven't seen you on here for a while. How's it going, are you still in here?

[ryan83] 26/2/2016 10:04

aim - I think that most investors missed that point! Ok we only added 7k oz to the mix BUT it is all margin, the fixed costs are already paid, therefore its just the extra wages and transport costs to pay for.

so say 3k oz to KRS on the addition of that small deposit. I reckon tehy will be clearing a$£1000 per oz on that which is a$3m.

If we can maximise the use of the plant and equipment by adding these small deposits to the mix then its all good.

What it should mean is that KRS should hit the targetted 30k oz for the first 12 months.

Profit at a$600 and thats a mouthwatering a$18m or £9m gbp PROFIT.

Now whats the market cap again??