Keras Resources Share Discussion Threads

[greatfull dead] 20/4/2017 16:53

Dave please use your OZ charm to get this sorted ASAP.

"Alongside our Australian interests, we have an 85% interest in the Nayega Manganese Project in Togo and have recently submitted applications for five exploration licences in West Africa that cover previously discovered, highly sought after cobalt and nickel mineralisation. We are confident these projects offer further upside opportunity to our investors and look forward to keeping the market updated with developments relating to our African portfolio and finalising the acquisition with Pharmanet/Calidus in the near term."

GLA,
GD

[greatfull dead] 19/4/2017 08:59

cpap man,

Thank you for posting that sizzler.

ATB,
GD

[cpap man] 19/4/2017 08:13

Keras Resources (KRS.L, 0.42p) – Speculative Buy

Keras' spin off of its Australian gold assets is progressing well. It's acquirer, an Australian listed vehicle (which will be called Calidus Resources) has raised the A$620k it needs to get the RTO process started. The placing was oversubscribed. The next stage is a larger up to A$8m raise to fund a major drilling campaign and development programme at the Warrawoona Gold Project. Post RTO, and assuming an A$8m raise, Keras will own 31% of Calidus which increases (potentially to 60%) if certain milestones are achieved.

Our view: It is good news that the RTO is going to plan and that the placing was oversubscribed. Keras' gold assets should attract the funding they need on ASX while Keras can focus on its African portfolio of projects which includes manganese in Togo and potentially a nickel and cobalt project in west Africa (licences under application). Bear in mind that two of Keras' board members will be on the board of Calidus including Dave Reeves who will be managing director, so very well positioned to advance Warrawoona and win the milestone share payments for Keras and its shareholders. We have a Speculative Buy recommendation on Keras Resources.

Beaufort Securities acts as Corporate Broker to Keras Resources plc

[greatfull dead] 18/4/2017 11:01

Ed,

Hopefully we will. May if possible sounds great to me.

ATB,
GD

[edgein] 18/4/2017 09:37

GD,

Hopefully we'll soon find out. In the mean time we're fast approaching Calidus action, Dave hoped to be drilling in May.

Regards,
Ed.

[greatfull dead] 18/4/2017 09:31

Ed,

As you posted before going for Cobalt is a very smart move. I am wondering which country Dave has the mining applications in.

ATB,
GD

[edgein] 18/4/2017 09:20

GD,

Good man, I'm expecting it'll be mid to high 90's in the vote. 60% of Calidus and fully funded with lots of upside on the assets and their cap in the near term. Dave is 100% sure that the current resource will increase according to recent interviews. Given how little of the strike has been drilled and the recent drilling by KRS its not surprising, high grades open to EOH etc.

Regards,
Ed.

[greatfull dead] 18/4/2017 09:14

Ed,

Thanks for that. I will vote yes of course.

ATB,
GD

[edgein] 18/4/2017 09:08

GD,

Yes apparently we shall get a vote as its part of our assets that are getting listed on the ASX. It'll likely be my nominee broker that puts in the vote on my behalf, they normally do. Probably the same for you.

Regards,
Ed.

[greatfull dead] 18/4/2017 08:44

Ed,

Do AIM investor's get to vote?

ATB,
GD

[edgein] 18/4/2017 08:23

Good to see the pre-listing Calidus getting good interest from the ozzies to get them through to the main fundraising for the listing. It'll be interesting what Dave will do on Klond with that cash mountain when it arrives. Also Cobalt is an interesting addition to the Mn asset when it finally arrives.

Regards,
Ed.

[cpap man] 18/4/2017 07:30

Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

18 April 2017

Keras Resources plc ("Keras" or "the Company")

Oversubscribed Placing Raises A$620,000 to Support ASX Listing



Keras Resources plc is pleased to announce that Pharmanet Group Limited ("Pharmanet") (ASX: PNO), the ASX listed company which the Company will reverse its wholly owned gold subsidiary, Keras (Gold) Australia Pty Ltd ("Keras Australia") into, has successfully raised A$620,000 (before expenses) from sophisticated investors in Australia (the "Placing").



The Proceeds of the Placing will support the planned listing of Keras' Australian gold assets on the Australian Securities Exchange ("ASX"), as previously announced on 21 March 2017.



It is anticipated that Pharmanet, which is currently suspended from trading subject to completion of the proposed acquisition, will relist on the ASX as Calidus Resources Limited in Q2 2017.



Keras Managing Director Dave Reeves said, "We made the strategic decision to list our Australian subsidiary on the ASX having identified significant interest from investors in-country looking to gain exposure to our highly prospective Australian gold assets. We are delighted to report that initial interest has proven to be extremely strong, with this placement comfortably raising the A$620,000 that was sought and being heavily oversubscribed. This gives us good indications for the support that can be expected for the larger capital raising to be undertaken as part of the proposed ASX listing. Crucially, the funds from the main listing will be used to support the rapid advancement of the gold assets, including a major drilling and exploration programme, and Scoping Studies at the Warrawoona Gold Project. The funds from the larger capital raise will also repay Keras' Acquisition Finance Facility, significantly strengthening our balance sheet."



"Following the completion of the listing, Keras will be the major shareholder with commensurate board representation. This ensures we maintain significant strategic exposure to the assets, which will then be well funded to take the project forward whilst strengthening our balance sheet. Furthermore, with our Australian gold assets in a standalone listed entity, we believe Pharmanet/Calidus will have the requisite structure, resources and funding access to rapidly advance these assets to the benefit of all the Company's shareholders."



"Alongside our Australian interests, we have an 85% interest in the Nayega Manganese Project in Togo and have recently submitted applications for five exploration licences in West Africa that cover previously discovered, highly sought after cobalt and nickel mineralisation. We are confident these projects offer further upside opportunity to our investors and look forward to keeping the market updated with developments relating to our African portfolio and finalising the acquisition with Pharmanet/Calidus in the near term."

[temmujin] 18/4/2017 07:17

RNS : Placing oversubscribedToday 07:11We are delighted to report that initial interest has proven to be extremely strong, with this placement comfortably raising the A$620,000 that was sought and being heavily oversubscribed. This gives us good indications for the support that can be expected for the larger capital raising to be undertaken as part of the proposed ASX listing. Crucially, the funds from the main listing will be used to support the rapid advancement of the gold assets, including a major drilling and exploration programme, and Scoping Studies at the Warrawoona Gold Project. The funds from the larger capital raise will also repay Keras' Acquisition Finance Facility, significantly strengthening our balance sheet."

[greatfull dead] 16/4/2017 12:10

Andy,

I did not find it. I took it from the KOD bb without asking. I should have asked first as you have so graciously done.

ATB,
GD

[andylee3] 16/4/2017 11:53

Great find, thanks GD, if you don't mind I'll post this article link on the LSE BB.

[alwaysevolving] 15/4/2017 09:19

Interesting read GD. Cheers.

[greatfull dead] 05/4/2017 13:13

Andy,

Thank you for that link. A good listen it was too.

Dave was not giving much away regards the 5 applications to mine Cobalt. Obviously TOGO was mentioned regards Manganese. Yes there are abandoned Cobalt mines in TOGO but Dave mentioned Cobalt assaying and trenching there only. So Senegal could well be still be in the frame for the West African county to start searching for Cobalt to mine. Time obviously will out on where the location is.

ATB,
GD

[andylee3] 05/4/2017 12:46

New DR interview with Shares Magazine....

www.sharesmagazine.co.uk/video/dave-reeves-md-of-keras-resources-plc

[greatfull dead] 04/4/2017 21:18

sharell,

I had also thought of TOGO as it to has an abundance of Nickel and Cobalt that could be mined. It may well be the 5 applications the KRS have indeed applied for.

ATB,
GD

Edited. An overnight oversight on my part. Thank you for the post. I had put Senegal at the top of my list.

I still would like to know where to find out on where to vote on KLS proposal!!!!!!! I have checked with my broker they know nothing, I am assuming that Dave and the BOD will call for a meeting to carry out the voting. I will be voting yes.

[sharell] 04/4/2017 20:19

@Gratefull Dead - posters on LSE seem to think everything indicates the area is in Togo also.
Information gleaned off the 'net seems to strongly indicate that. Former Haito and Pagala projects in Togo (now apparently vacant)both consist of 1000 sq Km and 5 prospecting areas - also previously looked at by the UN, AA and BHP. That all fits in with the KRS RNS information.
Previous holders were interested in potash and clays. Huge coincidence if one of these two isn't the likely target area.

[rec0very stock] 04/4/2017 17:28

GD

They have not called the EGM yet. When they do the resolutions will be in the calling notice which they will put on the website.

DR talked about an RNS this week at UKIS. I would expect this to be about the private placing in what will become Calidus - believed to be heavily over subscribed. That placing may well be conditional on passing the EGM resolutions. They talk about drilling in May using the private placing money. There needs to be at least 2 weeks notice from calling and holding the EGM so an announcement about the placing and calling the EGM this week would fit.

At some stage I would expect KRS will need to do an AIM placing - they already have the authority for share issue from the AGM. I expect they would look to get the ASX listing done first and hopefully provide news on Togo Mn licence and the Co / Ni licences before doing this placing.

[greatfull dead] 04/4/2017 14:51

Rec0very Stock,

Where are the resolutions to be found to vote on?

ATB,
GD