Keras Resources Share Discussion Threads

[jungmana] 06/4/2021 13:09

The placing overhang is holding this but imo will clear soon. A quick double from here especially with DC plant commissioning news soon

[dropside] 05/4/2021 23:37

Confirmation of what we knew but good to see

[dropside] 05/4/2021 23:31

Release Date: 06/04/21 08:15
Summary: CALIDUS EXECUTES $110 MILLION DEBT FINANCING
Price Sensitive: Yes
The announcement content will be available in 4 minutes at 08:35

[obbig60] 03/4/2021 22:23

The fact that those 3 trades are clearly related points to rollover or a bed and ISA. Thats the reason why the price didn't change.

[pinecone] 03/4/2021 14:10

Whilst watching great rugby match on C4!

I’m not fully up on this trading lark, but isn’t it a bit strange that the three trades are number related?

Which would be tricky to complete at the best of times!

Anyone know anything better to clear the air?

PC

[markyess] 03/4/2021 12:36

Director sells would have to be reported to the market.

If you think the current BoD (and non execs) are the kind that would dump and run, you've not done enough research on Keras...

[markyess] 30/3/2021 14:43

Hi Coxy,

Don't fall into the trap of believing that all sales will or need to be published to market. The first sale was significant, because it was the first. Other than a materially significant multi year commitment (which would not fit with the phosphate industry sales profile) I would anticipate the only news we will now get on sales will be in yearly and half yearly reports, or a general, tonal message per this latest RNS.

I would assume that a remaining portion of the 2020 extracted 7,600 tonnes will give a head start to supply for 2021's 10,000 tonne sales - but the majority will require extraction from within this year's production plan to start in the spring. I would assume 2020 and 2021 targets to relate to Financial Year, not calendar year targets.

The repayment of Keras' loan capital will be from free cash flow, not turnover.

Best,
Mark

[coxypete] 30/3/2021 11:53

On the phosphate mine, 7,600/t was mined late year (vs 5,000/t target), but only 1,013/t sold in Q4. So have question is whether the 10,000 includes the stockpile carried over from FY20A ? Also because of the terms of the $2.5m loan made the initial cash flow from the mine is weighted to KRS to repay loan 70/30 split for first $1.1m.

[rec0very stock] 29/3/2021 18:34

The Shard note from Sept put Y2 free cashflow at $1m from 10,000 tonnes ROM. KRS will see a bigger share of that than its 51% due to debt repayment, so £500k into KRS by 31 Mar 22 is a reasonable assumption.

As mining has not restarted yet, I would expect the vast majority of the processing done on what does get mined will be using the new plant. The toll plant extension is mostly about finishing off what was mined last year. There will be a halt to mining every winter due to snow, but that does not impact the processing.

If we could just get going on Togo as well the company would be in a position to pay a dividend either in the next full annual report due around Feb / Mar 22 or in the interims due in Jun 22

[markyess] 29/3/2021 16:30

Prima facie, it's bad news, but when you read the market chatter in less informed social media channels, the news clarifies that we're further ahead than the herd is aware.

Most PI's still seem to think that we're awaiting the plant commissioning in order to go into production, rather than understanding that we are already producing and this plant just reduces our costs and improves our efficiency.

Hey ho. I've been saying for a while, it will probably take a half yearly or annual report showing income/profitability for the market to *really* wake up to us (outside of the Togo exploitation permit, anyway).

[zhockey] 29/3/2021 14:52

500k would be significant to Keras. Market doesn’t like the news today which is understandable as it is bad, but not wholly unexpected for new plant etc to have teething problems.

Hopefully the delays will be minor.

[markyess] 29/3/2021 12:31

Opex at at it's highest point (Year 1) is $228.68/tonne.

When the new plant is online and as production ramps up, that drops quite significantly.

There's too many variables at the moment to have a really good stab at operating profit, I'd suggest $500k minimum - but what will cloud that in the first couple of years, will be the disproportionate returns of loan capital to Keras and Falcon Isle... so actual cash flow to Keras from Utah would be higher than profit share returns until probably Year 3 or 4.

[zhockey] 29/3/2021 12:11

So what 10000 mean for a bottom line?

500K profit?

[markyess] 29/3/2021 08:55

Definitely, Ed, largely positive, even accepting a short delay on commissioning the processing plant.

The absence of material progress update on Togo just reiterates how far out of our hands the next steps are IMO.

[edgein] 29/3/2021 07:29

That's a pretty comprehensive update on Utah, fingers crossed they'll hit their sales targets and get costs down once the plant is commissioned.

Regards,
Ed.

[zhockey] 25/3/2021 12:25

Placing shares holding this back

[edgein] 23/3/2021 09:02

TCE,

Yes definitely, lots going on there, hopefully lots going on here soon too.

Regards,
Ed.

[the chairman elect] 23/3/2021 07:47

Very busy day over @ ASX:CAI

Company Website:

[edgein] 19/3/2021 11:45

Nico,

Possibly, also some speculators in too given recent news here. Yes the ML from Togo would be amazing, should send these back up to the pre-Calidus price range of 0.3-0.5p with a longer term target much higher on full production or an increase in the Mn price. Mn is likely to eventually catch up with the likes of the other battery metals Ni and Cu.

Regards,
Ed.

[nico115] 19/3/2021 10:13

With 2 x 100m volume days someone must be in the know ?A Togs license maybe ? Wow that would be amazing

[edgein] 19/3/2021 08:27

GD,

Very true, well according to the last RNS that's what we're about to receive, a progress update:

26/2/21

Russell Lamming, CEO of Keras Resources, commented, "ESG is a key component of any mining project or company and needs to be incorporated into a project's DNA from the outset. The development of the Nayéga mine, which will be 100% operated by a Togolese workforce, will make a significant positive impact on the local community and the Nayéga Foundation will compound that benefit. This trip to Togo has included meetings with key government officials and community leaders to make sure that all structures are in place for when commercial production commences at Nayéga. I look forward to updating shareholders on our progress in both Togo and Utah."

Last line of this statement suggests there's progress to report.

Regards,
Ed.

[greatfull dead] 19/3/2021 08:16

Ed,

I would especially like some news on Togo too, as we all would.

ATB,
GD

[edgein] 19/3/2021 08:10

Looks like volume is heading up again this last couple of days, I guess its folks getting in ahead of the anticipated updates on Utah and Togo. Plant in Utah should be commissioned any day now I guess.

Regards,
Ed.