Keras Resources Share Discussion Threads

[luckyvince] 18/12/2017 11:18

Looks like. 2 x 5 million sells dont help.

[zhockey] 18/12/2017 11:16

Well I guess 700k oz was priced in at this level. Should see 1M passed in next six months.

[cpap man] 18/12/2017 10:51

Dave Reeves commented, "For Calidus to increase the resource base by 74% within 6 months of listing on the ASX, as a result of targeted drilling underpins the unique attributes of the Warrawoona Project, where outcropping gold mineralisation allows rapid and cost-effective ounces to be added to this rapidly expanding project. Calidus intends to maintain this momentum in the New Year with extensional drilling programmes planned, both down dip and along strike. In addition, Calidus plans to convert some of the large number of satellite targets to resource status during 2018. The planning for this is well supported by Calidus' current cash position that allows a continuation of the aggressive work programmes they have pursued to date.



With the definition of over 500,000 ozs in the indicated category, the trigger for the conversion of Performance A Shares to ordinary shares in Calidus has now been reached. This will result in Keras holding a direct interest of 458,375,000 shares in Calidus. These shares are held in escrow until 22 June 2019, at which time the present intention of Keras is to distribute them to its shareholders. We believe Calidus will continue to expand the resource at the Warrawoona Project. In addition, Calidus has publicly stated that they plan to commence a PFS on the project before the end of 2018, subject to next year's drilling results. The achievement of the final hurdle of the completion of a PFS study will result in the conversion of our holding of Performance B Shares and will take Keras' total holding in Calidus to 723,750,000 ordinary shares."

[wisteria2] 18/12/2017 09:16

Give it time! should be in the blue by close! Anyway all depends on your timescale, tems is a day trader! good luck with that. gla holders

[luckyvince] 18/12/2017 08:27

Did think we would see a better reaction.

[temmujin] 18/12/2017 08:11

but shareprice falls...bizarre!

[edgein] 18/12/2017 08:01

Excellent news, to get a 74% increase in reserve at this early stage is very positive. More drilling and the PFS lined up for 2018. All going as planned or better to date.

Regards,
Ed.

[modform] 18/12/2017 08:00

Wow, things are starting to happen here, well done DR

[temmujin] 18/12/2017 07:24

so am i right in thinking share price will open up 1p today due to new shares?

[wisteria2] 18/12/2017 07:15

Dave Reeves commented, "For Calidus to increase the resource base by 74% within 6 months of listing on the ASX, as a result of targeted drilling underpins the unique attributes of the Warrawoona Project, where outcropping gold mineralisation allows rapid and cost-effective ounces to be added to this rapidly expanding project. Calidus intends to maintain this momentum in the New Year with extensional drilling programmes planned, both down dip and along strike. In addition, Calidus plans to convert some of the large number of satellite targets to resource status during 2018. The planning for this is well supported by Calidus' current cash position that allows a continuation of the aggressive work programmes they have pursued to date.

With the definition of over 500,000 ozs in the indicated category, the trigger for the conversion of Performance A Shares to ordinary shares in Calidus has now been reached. This will result in Keras holding a direct interest of 458,375,000 shares in Calidus. These shares are held in escrow until 22 June 2019, at which time the present intention of Keras is to distribute them to its shareholders. We believe Calidus will continue to expand the resource at the Warrawoona Project. In addition, Calidus has publicly stated that they plan to commence a PFS on the project before the end of 2018, subject to next year's drilling results. The achievement of the final hurdle of the completion of a PFS study will result in the conversion of our holding of Performance B Shares and will take Keras' total holding in Calidus to 723,750,000 ordinary shares."

[zhockey] 18/12/2017 00:17

Do you think we'll see 0.8p tomorrow?

This really is a game changer as they are talking about proving up 1Moz in Q2 next year. Only 25% of strike drilled so looking like it could be circa 4Moz.

£10M mcap???

[temmujin] 18/12/2017 00:10

Today's ann seems to relate to an expansion from the core Apex basalt section of the tenement along that line littered with historical gold hits its worth noting that there appears to be at least another 7km of that formation within the expanded tenement set Shown in green) The other notable formation here shown in red is the Mount Roe Basalt which has been tied to the conglomerate hosted gold. The lower tenement has at least 12km of strike.

Resource expansion is IMO just beginning
CAI.PNG

[temmujin] 17/12/2017 23:48

so 500k oz busted..re rate for KRS tomoro

[temmujin] 17/12/2017 23:46

asx news just out

RE: Up +74% increaseToday 23:38Details coming up in 10-15 mins on ASX

Headline number

+74% increase to 712,000 oz

High Grade resource at Warrawoona

[rec0very stock] 17/12/2017 16:21

Costs would depend on what is actually available to do the drilling and where it had to come from. However I think £250k would be a significant under estimate.

The last placing was a pre-hibernation placing aimed at being able to pay the mandatory bills whilst we wait for either the Mn licence or CAI shares to come out of escrow.

[zhockey] 17/12/2017 13:50

No harm is disagreeing, as you say that's what these boards are here for.

1000m of drill and assay should cost no more than 250k. That would not require massive dilution would it?

P.S. Agree on ramp value only but that is what aim thrives on.

[rec0very stock] 17/12/2017 11:00

zhockey,

Please do not take offence, but I have to disagree with you most strongly - that is what these boards are for.

KRS does not have the cash for 1000m of shallow holes.

To get the cash for such a programme would entail massive dilution at current share price

The more dilution that occurs in the next 18 months the fewer CAI shares we get in specied to us.

1000m of shallow holes would be very unlikely to produce any sort of JORC compliant resource so the results would be for ramp value only and very limited ramp value if Togo still has not granted the Mn production licence.

I agree Co is hot and having this project in the KRS portfolio is good news, but no money should be spent on it until KRS has the Mn licence and cash flow / a share price that values the company properly. The initial exploration programme should, as a minimum, be sufficient to achieve a maiden JORC resource as it is more cost effective to drill more holes once mobilisation costs have been covered. Anything else would be highly irresponsible of the directors. We should get full annual results Jan/ Feb time with an AGM Feb / Mar, which I will attend and discuss these points with the directors, but I suspect they already get them anyway.

[temmujin] 16/12/2017 23:55

CAI drops on the news? in your dreams mate...this and CAI are flying to the stars monday!

[zhockey] 16/12/2017 22:52

I disagree on the Cobalt. There's a lot they can do without expending huge amounts and Cobalt is certainly a hot topic.

I'd advocate a small drilling program of 1000m shallow holes.

[novicetrade68] 16/12/2017 11:32

RS, if again there is the usual reaction on Mon/Tue, where for example we end up down after the resource announcement, I think it would be a Christmas gift given the fact there are 241m CAI shares coming Keras way at appr. A$0.40c = A$9.6m.

The KRS website now also has a page on its cobalt project...like lithium earlier this year, I think cobalt will also become flavour of the month at some point next year.

[bumpa33] 16/12/2017 09:06

It’ll get noticed, Xmas party or no Xmas party.

Forget GGP and it’s nuggets in the soil, this is the real deal.

65m traded Friday split between NEX and main exchange.