Keras Resources Share Discussion Threads

[stockriser] 09/4/2021 15:00

Hi all

I know some on here were having difficulty with Barclays re: getting the return from the sale of their CAI shares - just for info both mine and a family members account were credited today. Nice, especially when the funds have been credited to my ISA - more money to play with lol.

BTW I still hold here.

GLA SR

[zhockey] 09/4/2021 07:24

Utah should add another circa 0.05p earnings per share/year.

[nico115] 08/4/2021 22:22

Oh haha that's better !!

[zhockey] 08/4/2021 16:26

That’s earnings per share, per year.

[nico115] 08/4/2021 16:22

0.2 ? That's not great

[zhockey] 08/4/2021 15:08

Ed,

I was told a while back to multiply the DMTU price by the % of Mn contained in the ore.

$3.4 is the per DMTU price. So one Tonne of Nayega ore has 37%, so 37 times the 3.4 to get the price per tonne.

[edgein] 08/4/2021 14:25

Z,

I think you are a little high there.

300,000tn of concentrate is 30,000,000 dmtu or 11.1m contained manganese (providing its 37% concentrate and not 41-42% that the trial mining produced).

say margin of $1.20/dmtu of cotained manganese at $3.41 = $13.21m FCF (prices have been as high as $8/dmtu contained Mn in the past)

75% - 5% charitable fund = $9.34m x10 FCF would put KRS at $93m cap or over 1p per share. Certainly when you add in Utah it should be there if Nayega is at full production. Of curse that doesn't include the SS for the manganese sulphate plant etc and any possible phase two development.

Regards,
Ed.

[zhockey] 08/4/2021 13:22

Some positive thinking on the upside. Please feel free to correct my probably wrong numbers here.

25000 Tonnes per month =
300000 Tonnes per annum

FoB Port Elizabeth 37% = $3.4/DMTU (1% Mn per Tonne)

37% ore, therefore 3.4 x 37 = $166/Tonne

300000 TPA x 166 =
$50M USD revenue

Costs = $77/Tonne (Jul 20 Pres) x 300000 = $23M

Total Project FCF = $27M/year

Keras share = 65% =
$17M or £12.5M/year =
.2p/share

[rec0very stock] 07/4/2021 18:01

Agree. The president of Togo's signature on a licence would be a great way to restore faith. We will see some debt repayments from Utah, but that probably won't be until Q3/4.

[zhockey] 07/4/2021 14:11

RS would be nice to see some real evidence of this progress. Faith is wearing a little thin.

[rec0very stock] 07/4/2021 12:52

Sadly delays and jam tomorrow are par for the course, even more so in the COVID era - very few companies have been totally unaffected. Hopefully I will be able to attend the next GM in person and will be able to get more detail. For now we just need to be patient and be grateful that RL is prepared to go through all the self isolation periods so that he can attempt to progress things face to face, which really is the only way to do much of this business, despite what technology can do.

[markyess] 06/4/2021 19:46

Well, the charitable foundation establishment in Togo, and this was the first visit to Utah by the UK based leadership, since the transaction was completed.

You're making out like they're profligate.

[zhockey] 06/4/2021 19:23

RS, what do they have to show for those air miles? More delays and jam tomorrow.

[rec0very stock] 06/4/2021 18:34

"-- COVID-19 travel restrictions, which prevented the plant manufacturer's engineer to be on site during construction, has slowed the construction timeline and the new Diamond Creek processing plant will now be commissioned in Q2 2021" Bit of a no brainer given announcement was 3 days before end Q1.

Seems clear enough to me. Was this known earlier? - almost certainly but was the other news known too so it was not a totally negative update?

-- CEO Russell Lamming and COO Graham Stacey recently completed a three-week management trip in Utah, immediately after the previously announced two-week visit to Togo. - 26 Feb "CEO Russell Lamming and COO Graham Stacey are currently at Nayéga undertaking a site visit and meeting with community leaders and a delegation from the Ministry of Mines"

Sounds like the announcement could only have been put out a day or 2 earlier and RL has done a lot of travelling so I think we should give him a bit of a break zh.

[markyess] 06/4/2021 17:59

You are overthinking. it's not surprising, it's incredibly frustrating waiting so long.

I can assure you they are assumptions founded in substance.

Heavy plant needs manufacturer calibration, commission and sign off. One of my current clients produces heavy plant - albeit for food manufacturer/distribution - they have had issues and delays in commissioning client plant due to Covid travel restrictions.

These bits of kit aren't plug and play.

[zhockey] 06/4/2021 17:42

You are assuming all that. The company could have been clearer in the RNS and stated all that without embarrassment.

The fact they didn’t raises concerns.

[markyess] 06/4/2021 17:30

The kit is bespoke, as detailed in prior RNS. Phosphate grind mills and bagging plants aren't in mass market demand... ;-)

The recent RNS stipulated it was pending the manufacturer's engineer for commissioning - it would do, it's bespoke plant. The manufacturer could get sued for millions (think country of jurisdiction...) if the bespoke plant was not fit for purpose, safe and signed off.

Best,
Mark

[zhockey] 06/4/2021 17:02

Marky,

How much of that are you inferring? It sounds like a stated fact but that detail was not in the RNS.

[markyess] 06/4/2021 16:55

Best of luck Jungmana, some of us have been waiting for the Togo exploitation permit since 2015.

It's been imminent since Presidential decree in October 2019. Tick tock, tick tock.

[markyess] 06/4/2021 16:54

zhockey

Ref: the plant at Utah, it's a bespoke piece of kit made specifically for Keras - it's not that it's either broken, or defective, it requires manufacturer's commissioning and sign off, and the engineer has been unable to travel due to US Covid travel restrictions. As I had put on another site, it's not as straight forward as PAT testing your kettle.

Best,
Mark

[zhockey] 06/4/2021 16:17

RS

I’m not so happy with Utah. The plant doesn’t work and we don’t know whether is was damaged or defective as they didn’t give enough clarity. Whatever it is it was unplanned and concerning. I also look unkindly on negative updates just before a deadline.

Plus, just meeting the sales targets is not great as they were modest to begin with.

No news of where the recent £Million went. Paying salaries?

Don’t even mention Togo. Perhaps even more “constructive” meetings are required to get that delivered.

Very disappointed.

[jungmana] 06/4/2021 14:23

Recovery, this better get moving soon. Been holding 5m shares since last summer and rarely look in here. Added about a million today

[rec0very stock] 06/4/2021 14:19

obbig60,

The value is too high to be B&I more likely Bed and SIPP. It could well be a director topping up his SIPP before the tax year ends. If it was then there should be an announcement in the next day or so.

Jungmana,

What is holding this back is the lack of a Togo licence. Utah is pretty well on track, but being on track makes KRS worth its current MCap and not a lot more. KRS raised money not long ago for another potential transaction. I would hope we will get news of that soon, otherwise why do the placing so soon after the previous one? If another near term cash generative project is announced then that might get things moving too.

[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