Keras Resources Share Discussion Threads

[andylee3] 13/2/2017 10:41

Post on LSE from GMCC following a few questions asked of DR......

FYI : Did ask DR for clarification , DR to his credit very good , must get fed up being asked silly questions , extremely patient & accommodating , thought answers quite positive !
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Q : Is the TOGO mining licence looking more positive to be awarded anytime soon ?

A : “The level of engagement with the government has increased dramatically since Christmas and I remain positive”

Q : Does saleable Mn product relate to the $4.00/ dmtu revenue price ?

A “ Yes”

Q : So if you multiply 250,000tpa X USD $ 152/t = USD $38M -£30.4m at current exchange rates - Is it too simplistic to think -that net profit margins from phase 1 might be approx. £15 M cash royalties /taxes etc ?

A : (4-1.93)*250000*.38*100= US19.6m pa for the project

That equates to £15.66m at current exchange rates ! Think though need to build up through phases to achieve that 250,000tpa @ 38% target !

Q - How do you get from “In -situ grade 13.59 % to Product grade 38.00 % mentioned in latest presentation please ? Are any additional beneficiation processing costs still to be included to achieve that 38%Mn ?

A - “this is done by screening and jigging and included in the FOB cost”

So looks like no extra costs for Manganese beneficiation -"*Equates to USD1.93/dmtu FOB assuming 38% Mn”

Q Lastly no mention of ASX listing in latest presentation- , take it 1Q non -starter now ?

A “more details very soon “

Good luck everyone

[greatfull dead] 11/2/2017 10:42

Ed,

I took out the insurance because 2 of my younger sisters died from cancer in the last 7 years. I was only due to that. Immediate financial protection for my wife she has the same insurance too. With funerals getting more expensive by the year I think I made a wise move there.

I have all sorts of insurance for peace of mind. My building and contents insurance saved me a small fortune 3 years ago.

ATB,
GD

[rec0very stock] 10/2/2017 16:58

They were keen to point out that there were no brown envelopes involved, to which my comment was that they did not have the cash to put in a brown envelope if one was needed.

Apparently there is a Spanish company potentially interested in an off take for the Mn, but that is entirely dependant on the licence so would not get too far ahead of ourselves on that.

[edgein] 10/2/2017 16:17

GD,

Ed jest, never! :) Of course tongue in cheek chap! Just a little. You're the first person I've ever heard of taking out funeral insurance to watch rugby! ;)

Novice,

Wouldn't surprise me at all, a lump of notes causes road blocks in Africa to disappear.

Regards,
Ed.

[greatfull dead] 10/2/2017 16:05

Ed,

Great post.

One thing do you really believe you will retire in 60 years? That is some statement and I think your jesting. After all we are only human.

I will be sitting on my new sofa watching the 6 Nations and no I am not a couch potato. Now booked in by the NHS for some physiotherapy starting in March. I have also funeral insurance in place just in case!

Have a great weekend, I will.
GD

Edited.

[novicetrade68] 10/2/2017 15:56

DR probably discovered the Togo license can be unblocked with a brown envelope ;-)

[edgein] 10/2/2017 15:34

Well GD, with the current manganese price of $4.00 per DMTU in Togo and previous estimated costs of $2/DMTU its a cash cow. That's something like $38m reves per annum from the mine (we've currently 85% or something like that). Free cash flow around half that and reserve that would only last about 40 years if they don't go hunting for that extra expo upside resource which could extend mine life to about 60 years. I dunno about you chap but old Ed plans to be retired 60 years from now. Nayega at today's prices is the company maker the company always promised. I hope they have shifted that road block and RS wasn't just teasing us.

Regards,
Ed.

[andylee3] 10/2/2017 15:30

Looks like it's helped the share price too.
Up 26% today!

[greatfull dead] 10/2/2017 15:27

RS,

Thank you for the feed back from the AGM.

Have a great weekend all,
GD

[greatfull dead] 10/2/2017 15:23

Just finished reading the presentation. All looks good for the future.

GLA,
GD

[the count of monte_cristo] 10/2/2017 15:15

I would expect it to increase 50 to 200% on the back of it. Fingers crossed, we have been waiting a LONG time. Just revisited the Nayega details, I think this is the most recent RNS on the costs...

[alan@bj] 10/2/2017 15:13

If they do get the licence in Togo the share price should really motor.

[the count of monte_cristo] 10/2/2017 15:11

New company presentation released, nice to see the share price moving north

[alan@bj] 10/2/2017 12:37

Many thanks for reporting on the AGM, Recovery Stock. Much too far away for me to attend.

[edgein] 10/2/2017 12:36

RS,

Thanks for the summary of the AGM. Well a separate float of the Ozzie gold and Togo on the go here would be very interesting. Togo is still a company maker and it'll be very interesting if they have indeed removed the hold up. Just $9m was the previous estimate to get us to production of potentially hundreds of millions of surface manganese. Some free shares in a new Klond/tribute company would be very good too, both interesting in their own right.

Regards,
Ed.

[dr jekyll] 10/2/2017 12:11

Thanks RS. Much appreciated.

[the count of monte_cristo] 10/2/2017 12:08

Hi RS, many thanks for the write up, good job. Glad to hear that you still feel positive. Fingers crossed on news for the Togo license, this would be very welcome news indeed!

Regards,
ToMC

[alwaysevolving] 10/2/2017 12:07

Thanks for taking the time to post your feedback RS. Much appreciated.

[dr jekyll] 10/2/2017 10:12

Bought a few of these this morning. I will be interested to hear from you RS if you are able to report anything from the AGM. Hope it is not too boring :)

[rec0very stock] 10/2/2017 09:20

I will be setting off for the AGM in a few minutes. Hopefully I will not be the only shareholder there.

They have not released a pre AGM statement so I expect they will be very cagey about the info they give out.

I would also expect that any money left over from the last placing will be going to fund ASX listing costs. Once money is received from the ASX listing then drilling can start.

[the count of monte_cristo] 09/2/2017 20:09

Good luck at the agm tomorrow guys, if anyone does go we would all appreciate a write up. DR needs to get the share price moving in the right direction.

[4sta] 09/2/2017 15:36

The placing shares were placed at 0.35 yet seemed to go through at 0.449 or 0.499 at the time and somebody on LSE said that they were paying 0.449 for them. Now they seem to be selling at as little as 0.382 and 0.369. Somebody said they had asked Dave what was going on at the time as it seemed really strange and he supposedly replied that he had no idea. Perhaps an explanation could be asked for at the AGM tomorrow if anybody is going?