Keras Resources Share Discussion Threads

[the count of monte_cristo] 07/9/2017 12:03

Awful day for the share price today.

[jovi1] 07/9/2017 02:15

If that is the case it is more likely that Cai share price would go down and maybe we would have a small increase
If Cai real value is true soon this will catch up anyway
Let not forget Cai is a new company and generally there is a good feeling when it gold on the first hole

[alwaysevolving] 06/9/2017 16:46

Guess KRS (or shareholders) need to educate them on KRS if that's the case The Count. Personally I haven't looked in on HC but is anyone able to post there do you know?

[the count of monte_cristo] 06/9/2017 16:03

Good points. My view from reading the HC bb, is that they aren't really aware of KRS, I summarise this from the fact that KRS are virtually never mentioned in the HC CAI posts.

[alwaysevolving] 06/9/2017 15:30

Possibly because they see CAI stock as rising and KRS stock pretty much static? Possibly the % ownership putting them off too? There is a big perceived difference between what we do own and what we might own if and when the said benchmarks are hit? Just MO

[the count of monte_cristo] 06/9/2017 15:07

I don't understand why the Aussies haven't cotton on to the fact that they could gain cheap exposure through purchasing KRS stock, rather than chase the CAI stock higher why aren't they hedging their bets a bit and purchasing KRS.

Maybe they aren't aware of the stock? Maybe they aren't aware of the increase in % ownership once certain benchmarks have been hit? Maybe it's to difficult to buy stock on AIM for an Aussie?

[modform] 06/9/2017 13:01

As soon as the price rises, the seller arrives, there can't be any placing shares around , can it

[andylee3] 06/9/2017 00:05

Warrawoona mineralisation now defined over 2.6km of continuous strike

Gap drilling results confirm strong mineralisation continuity between existing Resources

Calidus Resources Limited (ASX:CAI) (‘Calidus̵7; or the ‘Company’;) is pleased to announce that it has now received all assays for the ‘Gap” Zone at the its flagship Warrawoona Gold Project located in the Pilbara of Western Australia and they confirm that continuous mineralisation of consistent grade and width now extends for 2.6km of strike and is open at depth and along strike in both directions.


www.investi.com.au/api/announcements/cai/8da5b91c-2c0.pdf

[novicetrade68] 05/9/2017 10:06

Hm, the 1.7m buy from last Friday just got dumped.

[alwaysevolving] 02/9/2017 09:43

JLP were waiting over 4 years to get their platinum mining licence issued. That was in a different country (South Africa) granted but point being they do seem to like to take their sweet time issuing mining rights on that continent.

JLP did get it issued in the end, around 24 months after the BOD told shareholders it was "immanent" which is what they had been told by the issuing body apparently. More patience required on this one I'm afraid but I have no doubt it will be issued at some stage.

It's the rising POG that SHOULD lift this in the short to medium term as I think it has much further to rise this year and next. All IMO.

[rec0very stock] 02/9/2017 09:24

Count,

I have no more info that would help me assess the likelihood of Togo awarding the licence than you. The government has made many promises over many years, but none have been kept. All we can do is keep on waiting for Godot. I see no point wasting what little cash the company does have exploring for Cobalt in a country that cannot be relied upon to follow through with a production licence, if we do find a commercial deposit.

All the while the clock is ticking down to when KRS needs to do another placing to meet ongoing PLC admin costs.

[the count of monte_cristo] 02/9/2017 07:58

Thanks RS.

What is your view on the Nayega license, do you think we will receive positive news on this during Q3?

We have now been waiting for 3 years (: What on earth are the Togo Ministry of Mines doing, are they completely incompetent or just corrupt?...or both.

[rec0very stock] 01/9/2017 21:23

There are 730,266,035 fully paid ordinary CAI shares currently issued. However only 402,706,035 are currently tradable, as the rest are in Escrow. The FT link seagreen has used is a day behind and is using the tradable number of shares and is therefore completely wrong. CAI's market cap based on Friday's closing mid price of 4.25c is A$31,036,306.49. On a fully diluted basis ie when all KRS performance shares are issued and all current options are exercised (if CAI delivers all will be exercised at some point - some are already being exercised) there will be 1,423,766,035 ordinary shares in issue. So the fully diluted market cap based on Friday's closing mid is A$60,510,056.49 - hence why I said in my previous post that CAI shareprice had got a bit ahead of itself.

When all shares are issued, KRS will have 723,750,000 CAI shares, which is 50.83% ie A$30,759,375 or £18,917,205 based on Friday's closing mid. Even allowing for the inevitable dilution to KRS from future placings, it is clear that there is a significant disparity in the way ASX and AIM are valuing Calidus and KRS's stake in Calidus respectively.

[rec0very stock] 01/9/2017 17:03

Seagreen,

To convert from AUD to GBP you need to divide by 1.63, not multiply by it.

Do not forget to factor in the dilution already built in by the performance shares and the various options.

Hopefully, in about 12 to 18 months, there will be a positive PFS with a resource of 1MOz and KRS will have all its performance shares converted to ordinary shares. If you value the gold in the ground at AUD50 per Oz (what DR says is about right for what will still be and exploration project with a DFS still to do and significant capital raising thereafter to move into development) that gives an MCap of AUD50M, which seems about right for a project at that stage with a potential NPV of around AUD250M. I cannot remember the exact number of CAI shares when fully diluted, but it is about 1.5Bn. Which indicates that CAI share price has got a bit ahead of itself.

Yet again the small rise has been sold into so all that has really happened today is a widening of the spread.

[the count of monte_cristo] 01/9/2017 16:17

Seagreen, many thanks.

[novicetrade68] 01/9/2017 15:18

Nice 1.7m buy to lift our spirits ;-)

[seagreen] 01/9/2017 15:17

Market cap now up to Aus£14.5m so we are not out of sink if you just look at the gold asset and ignore all the other good stuff in Africa £25.6m at 30% gives £7m at 60% of course it gives £14m 8-)

[seagreen] 01/9/2017 15:14

afternoon count (long time ago bprg reings a gloomy bell) from my post 917



Ft quotes the Keres subsidiary as a market cap of Aus$13.7m @ Aus$1.63 to a £1 gives £22.3m at 30% gives £6.7m at 60% gives £13.4m current market cap £8.78m so relatively happy 8-)

[the count of monte_cristo] 01/9/2017 14:07

Edge...'60-61%', lovely stuff. The Aussie's are loving CAI.

The market cap for CAI seems to be confusing them though, anyone know what the actual market cap is for CAI?

I can see CAI being a $100m capped company in the not to distant future.

Meanwhile, let's have an update on Nayega please!

[temmujin] 01/9/2017 13:21

LENIGAS is very bullish about Keras

[modform] 01/9/2017 13:13

There's a big mismatch between CAI and KRS, if the seller has disappeared then this will fly soon, otherwise opportunity to add more, but I think I have enough, majority bought at around 0.35p.Trust DR , I am pretty sure he will deliver

[edgein] 01/9/2017 12:58

Count,

Once Dave gets us to 500k Oz inferred and then past the pre feas we get batch 2 of the performance shares which takes KRS to approx 60-61% of CAI.

Regards,
Ed.