Keras Resources Share Discussion Threads

[searcher0] 26/8/2020 22:47

@Rec0very Stock

If thats true and its just a signature required and they have someone to countersign in Togo then really it ought to be imminent. They need to guide the market, if this lot have been giving it any attention then they must imo have a steer on proceedings by now.

Sounds as though it could be any time, its africa bung'em a few brown envelopes and get it done ffs

[greatfull dead] 26/8/2020 20:43

Ed,

That will come to those who are patient. We have had delays and then some.

Thanks to the Covid 19 Pandenic which has screwed up a large amount of ss for other mining companies and sent some to the wall. Not KRS though who with a shrewd USA investment have highlighted they are still in business and also in Togo.

ATB,
GD

[edgein] 26/8/2020 11:48

Oh and perhaps then see the elusive Manganese sulphate scoping study after that too.

Regards,
Ed.

[edgein] 26/8/2020 11:47

A whole influx of new bodies since the Utah acquisition. Bo, yes it'll be interesting to see what the Chromex guys do with DC asset. Looks like a market grabbing asset to me, better quality than its rival's products.

Dandy,

Absolutely, if Togo Gov finally get their act together we may complete that potential bowl to 0.55p given its potential for almost insta-cash flow. With the low cost option to move to 300k tn pa.

Regards,
Ed.

[greatfull dead] 26/8/2020 08:03

mjustdandy,

For sure.

ATB,
GD

[imjustdandy] 26/8/2020 08:01

Interesting entry level here

[bo doodak] 25/8/2020 16:09

Interesting acquisition, and good to see the Chromex team reunited. As a shareholder of Chromex it was a tight well run operation before being bought out early by Synergy, so taken a smallish position.

Also, reassuring to see the bogey item of upcoming consolidation addressed in an up front, honest way, and with a timescale, bearing in mind share prices tend to decrease post consolidation.

[greatfull dead] 25/8/2020 06:31

RS,

Your post on current events happening with KRS and the operation status of KRS assets is well summarized.

ATB,
GD

[rec0very stock] 24/8/2020 22:38

ZH the short answer is yes. With the decree back in Oct it can't be given to anyone else and Togo wants to grow a mining sector - screwing people who have invested in exploration around when it comes to licencing exploitation is not going to encourage anyone else to do anything anywhere else in the country. Togo needs the employment and the money the mine will provide.

The FOB OPEX has also come down to $2.21 per dmtu iaw Jul presentation. I asked about that and RL said they have done better deals with the various contractors including the guy who trucks it down to Lome. Basically he has trucks taking clinker from Lome to Burkina Faso returning empty and a bit of arm twisting got him to reduce his costs. They are also talking to a number of interested offtakers - RL has a meeting set up with some guys in Hong Kong later in the week. All it needs is one signature and one counter signature and it is all systems go. There is absolutely no reason why that can't happen, except it is Africa and things happen in Africa when they feel like it.

It is about 1/3 of the company dilution but does go up to about half if all warrants are exercised - share price needs to more than double for any warrants to be exercised. They raised more cash than they needed for Utah so will be able to cover other costs quite comfortably - the pot was getting pretty dry and another equity raise to stand still was on the cards about now anyway. If warrants are exercised that will raise the same amount again. Utah is a good place to mine and with a foot on the ground there they are well placed to sniff around for other projects, which they now have spare funds to at least do the initial part of any deal.

Everyone agrees it would have been much better if Togo had come through before needing to move Utah to the next stage. However there is no point sitting still waiting for Godot when there is money to be made elsewhere. Mining is going well in Utah and they will dig up far more than the year 1 target with much of that being done in the next few months before the snows come so there is a decent stockpile to mill and supply what will hopefully be a growing customer base wanting high quality fertiliser at the start of the next growing season.

So yes in an ideal world we would already have been mining in Togo with the share price much higher and Utah would have come in with far less dilution, but you have to play the card you are dealt and in the circumstances RL and DR have played a blinder with one cash generative project already running at pace and another one just waiting for the starting pistol to go screaming down the track and over take it. Holding Utah back would have been a missed opportunity, given there is nothing more KRS can do to get Togo started.

[greatfull dead] 24/8/2020 17:58

zhockey,

As soon as access to Togo happens from its border with neighboring countries I feel we may see the Togolese authorities being convinced now is the time to issue the Permit. Russell Lamming I am sure is up to doing this.

ATB,
GD

[markyess] 24/8/2020 16:48

I truly get that - I don't think the dilution was optimal at all. I think it was simply bad timing and a clear indication that progress in Togo is outside of the company's hands - but that doesn't mean it's not going to happen.

I do think that Diamond Creek will prove up worthwhile value for us - but it is simply ridiculous that Nayega is seemingly only market valued at ~£4m pending imminent approval.

I'd rather have Diamond Creek in the portfolio than not.

[zhockey] 24/8/2020 16:30

It doesn’t really matter what I think. But if you are sitting on a 20 bagger and decide to dilute half the company to start a new venture. Was does that tell you?

[markyess] 24/8/2020 14:43

zhockey

I'd be fascinated to understand why you *don't* think it will?

The news release from the government in October was pretty compelling. Let's not forget, Togo is still in essence a third world dictatorship. They aren't going to move fast - not least during a global pandemic.

ATB
Mark

[zhockey] 24/8/2020 14:11

RS

Do they genuinely feel that Togo is going to happen?

[tradedesk1] 24/8/2020 13:54

Good bit of timing with the summer lul in the markets largely behind them. Expecting news to gather pace into September. Togo will be a huge shot in the arm when it happens.

[rec0very stock] 24/8/2020 13:22

Just back from GM. Togo is just a waiting game - things are opening up there. RL will go when he gets the call, but it is not actually necessary as there are people in country with the power to countersign. He has put all the pressure he can on the President to pull his pen out and sign. Everything else is ready to go to restart mining and get the expansion rolling.

Utah going well but this is not the time of year for putting out RNSs but there will be a few to come starting in Sep.

In the meantime CAI edges closer to starting full development in the New Year.

[tradedesk1] 24/8/2020 11:21

Nice 10m buy.

They are undervalued at the current mkt cap, its a very simple equation really. They are not an explorer and valued like one so lots of scope to run higher now. Any placee flippers will have forward sold as is standard and had to settle so should start moving v soon.

Lets get todays GM out of the way. I've exchanged some brief comms with DR, theres lots of news flow backed up here as RL pointed out regards Utah and the mood is confident production and sales will outperform. They've a lot of personal funds invested and want this higher. They are able to ramp up a lot faster with no capacity constraints, depends on marketing, hence the conservative approach but it takes just one decent sized offtake. Togo could land anytime.

[zhockey] 24/8/2020 10:35

GD not sure much is going to happen here until next spring. All those .012p shares are going to be a massive overhang with decent profits in Utah years away. Can you see Togo happening as we move into the second wave of Covid?

[greatfull dead] 24/8/2020 08:11

AGM today at 11.00 am. Surely something has got to give.

GLA,
GD

[tradedesk1] 18/8/2020 11:01

Edgein,

Tell me about it, just about the most obvious thing the Togolese could be doing right now is to approve the permit and send a message to UK markets that they're open for business.

[tradedesk1] 18/8/2020 10:48

If it is, its not very up to date. That aside the state of health emergency expired 16th August which effected travel and business. International flights resumed earlier this month to.

GM next Monday. Should see commencement of newsflow from Utah shortly thereafter and perhaps first signs the permit may not be all that far behind now.

[obbig60] 18/8/2020 10:00

Is this the online registry:



I've not managed to find Keras so far though.

[edgein] 18/8/2020 08:08

Trade,

Interesting link, hopefully they'll soon be able to add a new Mn mine to their website. If they want to attract more mining investment into Togo it would be a good idea for them to award a mining licence for Nayega. RL giving them a nudge with the USA acquisition showing that Nayega isn't the only show in town for KRS anymore.

Regards,
Ed.

[tradedesk1] 17/8/2020 20:59

Looks as if things could be moving forward in Togo.

hxxps://www.togofirst.com/en/mining/1708-6063-togo-all-mining-data-now-accessible-online

Togo: All mining data now accessible online

MINING

 

 Monday, 17 August 2020 17:24

(Togo First) - An online mining registry has just been launched in Togo. The platform was developed by the Direction Générale des Mines et de l’Energie (Directorate General of Mines and Energy or DGME).

Users can access, on the website, up-to-date data, mine maps, deeds, licenses, active firms, and the types of ores extracted in the country. This information will be updated daily, according to the DGME. 

The creation of the digital platform was financed in line with Togo’s Mining Governance and Development Project (PDGM). With the website, Togolese authorities hope to boost mining activities, foster transparency in the sector, and attract more investments.