Keras Resources Share Discussion Threads

[andylee3] 13/11/2018 09:12

John Meyer on KRS on Voxmarkets (from 19 mins 3 secs in).....

[zhockey] 09/11/2018 22:45

hxxps://m.phys.org/news/2018-10-manganese-hydrogen-fuel-cells-catalyst.html

[andylee3] 09/11/2018 07:16

Article in ‘The Western Australian’ regarding recent Calidus drill results....

www.thewest.com.au/business/public-companies/calidus-drills-high-grade-gold-in-the-pilbara-ng-b881016666z.amp?__twitter_impression=true

[andylee3] 08/11/2018 22:00

Great progress at Nayega....

[greatfull dead] 08/11/2018 09:57

Ed,

Yes, all looking good from CAI.

ATB,
GD

[edgein] 08/11/2018 08:17

CAI still delivering that's for sure and some of the intercepts are only 2m deep! :) Grades are smashing.

Regards,
Ed.

[zhockey] 08/11/2018 07:08

The mention on the deeper drilling sounds encouraging.

[andylee3] 04/11/2018 22:59

Experienced project manager Fernando Moutinho appointed as Project Manager at Calidus

Calidus Resources Limited (ASX:CAI) (Calidus or the Company) is pleased to announce the appointment of Fernando Moutinho to the position of Project Manager at Calidus. Fernando is a very experienced project manager and has overseen numerous studies and construction projects globally.

Fernando has most recently been engaged with assisting with project development at Syrah Resources (ASX:SYR), Tungsten Mining NL (ASX: TGN), Sheffield Resources Limited (ASX:SFX), Sheffield Resources Limited (ASX:SFX), Tungsten Mining NL (ASX: TGN), New Century Resources Limited (ASX:NC) (formerly “Atilla Resources Limited”) and Grange Resources (ASX:GRR). With a career spanning over 30 years, Fernando has worked both for clients and contractors including Ausenco and GRD Minproc in building resource projects globally.

Calidus Managing Director Dave Reeves commented, “The appointment of Fernando to the position of Project Manager is a significant step forward for the commencement of the pre-feasibility study that is planned for completion mid next year. Fernando has outstanding experience in the management of resource projects and his appointment is further demonstration of our belief in the project becoming an operating mine.

On the completion of drilling this year and on return of all assays, we will publish an upgraded resource that will provide the platform for the pre-feasibility study. By appointing Fernando now, we can ensure all tenders are let and relevant information is gathered prior to proposed commencement of the study on release of the resource upgrade.”

[andylee3] 03/11/2018 09:24

Scrubber en route (am I allowed to say that?) to Togo....

[4sta] 24/10/2018 08:26

Thanks andylee3.

[andylee3] 24/10/2018 08:24

I can get it 4STA, so might be you need to check your WIFI, it could be slow.

If mine is slow, I sometimes have problems with accessing the LSE site.

[4sta] 24/10/2018 08:00

Anybody else having trouble getting share chat on LSE or is it just me?

[andylee3] 24/10/2018 07:56

Proactive article regarding Pacton purchase of Calidus conglomerate gold.....

www.proactiveinvestors.co.uk/companies/news/207701/pacton-gold-set-to-acquire-gold-rights-of-calidus-resources-ltd-in-pilbara-207701.html

[cpap man] 23/10/2018 12:10

Keras Resources (KRS LN) 0.36p, Mkt Cap £8.1m – Calidus sell non-core gold rights to Paxton

Target 1.04p

CLICK FOR FULL NOTE PDF

(Keras currently hold 458m shares in Calidus Resources currently representing 31% of the company with an additional 265m (16%) new shares due to be granted by Calidus when the gold project PFS is published. All Keras’ shares in Calidus are in escrow for two years with the lock up expiring on 23 June 2019.)

Keras Resources report on progress at Calidus Resources where they hold a 32% stake.

Calidus have completed a deal where they are selling a number of non-core Conglomerate gold rights to Paxton Gold Inc. for 7m Paxton Gold shares representing around 16% of the company. Paxton Gold has a market capitalisation on some C$40m making the shares worth around C$6.61m today.

Calidus recently issued some 125m new shares and 70m options exercisable at 35c/s to Alkane Resources Limited representing 8.81% currently or 6.65% of Calidus on a fully diluted basis.

Exercising the 70m options would take Calidus to a 10% stake.

Calidus now have 1,426m shares in issue and a further 70m options.

The A$0.0295/s price paid by Alkane indicates a reasonable base line valuation for Calidus with potential for significant upside

Keras Resources is working on the mining and simple processing of a simple 10,000 manganese bulk sample paid for by a manganese alloy processor. We look forward to an update shortly.

[andylee3] 21/10/2018 08:15

Alkane announcement regarding Calidus investment.....

[zhockey] 18/10/2018 22:38

RS,

I expect they see Pacton as a longer term bet to fund the the DFS. Pacton stake could be worth a$10M by end of next year.

Yes the timing is odd but Calidus have had a very disappointing year thus far and I guess a CR at 2.9 is better than sub 2c.

[rec0very stock] 17/10/2018 17:45

4STA,

There is absolutely no reason why CAI cannot be in an ISA. Ask Halifax why not. Can they trade ASX outside the ISA? If so why not inside. If they do not trade ASX then move all your KRS elsewhere and while you are at it you might as well move everything else to a decent provider that can trade the main international markets.

Today's news is good, but I question the timing and price. CAI did not need the money now, and has TSX shares it can sell in the new year to raise cash for PFS. I would have thought once the resource update is out, CAI could have done this at a better price. Strategic partnerships are handy going forwards, but you should not have to give your shares away to get them.

[edgein] 17/10/2018 13:55

STA,

Perhaps you should change ISA provider, I can too hold asx companies in my isa. Currently all my KRS are in my ISA too as no tax on the eventual profit there. But I do intend to hold CAI well beyond A$0.03.

Regards,
Ed.

[4sta] 17/10/2018 13:44

Think it depends who you have your ISA with. I'm with Halifax.

[zhockey] 17/10/2018 13:12

I thought the distribution of CAI shares were ISA compatible???

In fact, I already have some CAI stock in my ISA.

[4sta] 17/10/2018 13:06

Edgein,
Were it not for the fact that I hold all my Keras within an ISA and cannot buy / hold ASX shares there, I too would like to hold onto them. I do think that they will become profitable gold miners. They're not hanging about either, real fast, solid progress.

[edgein] 17/10/2018 13:00

STA,

Personally I'd like the shares in CAI unless they were willing to pay a premium on the market value. Which I would then probably use the cash to buy the shares in CAI anyway. :)

Regards,
Ed.

[cpap man] 17/10/2018 10:50

Keras Resources (KRS LN) 0.4p, Mkt Cap £8.6m - Calidus Resources raises A$3.7m from strategic gold miner.

Target 1.04p

CLICK FOR FULL NOTE PDF

Keras Resources reports the placement of 125m shares to Alkane Resources, an Australian gold miner.

Alkane runs the Tomingley Gold Mine in New South Wales producing 78,533oz of gold last year. Tomingley will develop a new underground mine next year as part of a major expansion program.

Alkane is putting A$3.7m into Calidus at a decent 13.5% premium to Calidus’ 5-day VWAP share price.

The funding will enable Calidus to complete its resource update and Pre-Feasibility Study at its Warrawoona Gold Project in the Pilbara of Western Australia.

The good news for Keras is that Calidus is now fully funded through the PFS and this should trigger the issue of a further 265m Calidus shares to Keras We had significantly discounted the value of these shares in our Keras valuation but the funding of the PFS indicates Keras should receive these performance shares without there being further need for dilution in Calidus.

The A$0.0295/s price paid by Alkane is a positive indication and should also lift the Keras valuation.

Keras is working on the mining and simple processing of a 10,000 manganese bulk sample paid for by a manganese alloy processor. We await further news on progress with this.

[4sta] 17/10/2018 09:46

Seems that Alkane have a lot going on at the moment so it's encouraging that they took the time and trouble to invest in us. Must have liked what they saw. I too wonder if they might in the future want to jv with Calidus. Maybe buy outright the shares that Keras hold on completion of the PFS? Wouldn't that be nice - some money in the coffers for Keras to get Togo up and running and a special dividend to shareholders maybe?