Keras Resources Share Discussion Threads

[markyess] 19/6/2021 10:45

It is purely exploration (not near term producer) - so how did they fund and run their portfolio?

What is Keras' modus operandi?

Companies can't run on share price and market capitalisation if they have no cash.

[searcher0] 19/6/2021 10:38

Why don't you try reading my posts properly if your going to respond to them without blindly defending the companys position. I'll help you. Look at POW as an example (its purely exploration at present) look at the chart. Its gone from 0.2 to 2p+ (mcap now £26m) in the space of a year. 1.1bn shares in issue, they've had to raise along the way as well but each and every placing has been higher than the previous. The news flow, choice of commodity, pr and investor engagement has been light years ahead of anything Russell has managed.

[searcher0] 19/6/2021 10:31

Why would there be a spike and exit and to cover what base?...look at pow wsbn charts those are explorations plays very much at multiples and well supported.

[searcher0] 19/6/2021 10:28

I've given you examples of atleast a dozen exploration plays there that are now sat at multiples of there lows so actually its more realistic than you imagine it to be.

[searcher0] 19/6/2021 10:13

I don't buy that, it was never a case of Diamond Creek or liquidation. The company had been listed for 10yrs prior to that without a revenue generating product so it wasn't going to vanish suddenly. A project in a more mainstream commodity slightly further out from production would have lifted the share price multiples as almost every other small cap mining company on aim has responded to the metals rally, look at wsbn gone from 1p to 20p. Liquidity would have been better and subsequent placings when required at higher intervals. Diamond Creek has done neither though it hasn't stemmed future placings, the chicken feed revenues mean placings will still be required to keep the lights on and whats worse it has provided no kicker to the share price. Your at 6bn shares regardless and already diluting yourself out of existence having raised not once but twice at all time lows and given cheap warrants away everytime to entice placees, if the project was so good the warrants wouldn't have been needed, atleast not the second time when DC was in situ.

Also the PR from Russell has been appalling the guy is not ceo material. Atleast Dave tries to communicate and promote Calidus. No such time for Keras though.

[markyess] 19/6/2021 09:09

My investment is no one's business but mine, Jim. Yes, prior posts are checkable by anyone, my subsequent trades are my business. Like everyone, I only gamble the percentage of my investment portfolio I can afford to lose.

Regardless that is all totally irrelevant to the performance and future direction of this company, which is the purpose of this BB.

My personal investment history has no bearing on Keras, nor yours or any other investors - so use this board to discuss what IS of interest.

[jimbl] 19/6/2021 00:03

P.S. No, of course I'm not a shareholder. I decided 10 years ago (almost 11 actually) to haunt the BB's of FRX/KRS because I have nothing better to do.

Right?

[jimbl] 18/6/2021 23:35

I've always been honest since investing here. I'm still down, angry and not bragging.

I'm not the one denying what they have previously posted about their shareholding and average/overall cost.

It's not rocket science, Mark. Anyone can check your previous posts. Why do you insist on lying about your expenditure? It's all of our business if you choose to post info on a BB which is or is not bollx.

Which is it?

[markyess] 18/6/2021 23:24

Why would I be embarrassed? My Keras investment owes me nothing having earned me a more than healthy return from the Calidus divestiture.

Has yours?

[markyess] 18/6/2021 23:21

My personal investment is my business, you are not my financial adviser.

Keras plc is OUR business (assuming you are actually a shareholder?). This BB is a Keras plc BB.

Talk about the company. We could actually have meaningful debates and learn something from each other, alternatively I can be as petty obstinate and nasty as you and I won't back down, either.

Only one of those options is of any value to anyone.

[jimbl] 18/6/2021 22:56

Prosaic response.
However. You denied spending at least £108k acquiring FRX/KRS shares BEFORE CAI, despite posting a few years ago, that was exactly what you did spend and hold. 26 million shares, etc.

Why is that Mark? Are you embarrassed? Are you lying? Are you a paid poster with a company interest?

[markyess] 18/6/2021 22:49

How much I did or didn't invest is none of your business. The fact that I manage to parlay my investment to profit from Calidus and you didn't is a you problem not a me problem, so grow up and talk about the company.

To do otherwise just makes you look like a pathetic bitter little man.

If you actually discussed posts rather than immediately jumping to a defensive negative position, you might learn something.

You can go and look on LSE, I implore everyone to do so and see how petty Jim is and how he refuses to stick to the topic of conversation. I repeatedly refer to leverage - leverage is a means of self sustaining. Having a single asset, without production authority gives you no means of leverage and no means of stemming a cash flow haemorrhage

[markyess] 18/6/2021 22:44

Mebaga and the AA deal collapse was indeed unfortunate. What wasn't unfortunate was that the board flexed and changed to keep the company a going concern, when, like most other juniors they could have pulled the plug there and then.

That flex included Calidus. Yes, some of us made the most of the Calidus opportunity, maybe some luck, maybe some taking the chance that was afforded. If you weren't so lucky to capitalise, then that's not the problem of those that did.

[jimbl] 18/6/2021 22:44

Oh Mark.You said Utah makes us self sustaining - IYO, on LSE. I see you are concerned enough to monitor and comment on both sites today?

But you also denied spending at least £108k on KRS (pre CAI)despite publicly posting your alleged holding and averages.

Either you did. Or you’re just full of sanctimonious shi*e?

[markyess] 18/6/2021 22:26

I stated that having an asset in production generates cash and gives you something to leverage against.

Only a small part of your problem is twisting words into your own narrative.

[jimbl] 18/6/2021 21:00

Here we go. The second arm of the cheerleading tag team.
A penny farthing is quicker than Gnassingbe’s decision making.
And your posting buddy Mark suggested over on LSE that Utah is enough to make the company self sustaining.

[rec0very stock] 18/6/2021 19:22

Oh my word we have a right pair now.

Arbitration of what exactly? Are you suggesting KRS bring a case against the president for being slow? If the licence were to be refused having had a ministerial decree and then done a load more work (the fact KRS made a small profit on the bulk sample probably would reduce the compensation it could get) then certainly a compensation claim should be looked into.

I don't recall anyone saying Diamond Creek makes KRS self sufficient now. I would expect that some cash will start flowing in Q4. KRS raised a lot of money earlier in the year. We have yet to see what they are going to do with it - the hope is it will be another project, but KRS don't need any money to keep the lights on for a good while yet

[jimbl] 18/6/2021 14:39

Agreed. Though I diverge when it comes to Kumba. No one's fault that IO collapsed and therefore left us without a company making deal (prospectively) and led to us jettisoning the IO assets.
Once again in hindsight, it seems we would have done well to have retained those assets as the market has rebounded, though remains volatile.
I also think the money raised would have a better chance of ensuring returns by being spent on Nayega arbitration rather than whatever its being stashed for.

[searcher0] 18/6/2021 14:37

Also this notion that somehow Diamond Creek means Keras are self sufficient now and can keep the lights on without future placings is a bit ridiculous. Unless you can support that argument with figures then they will not be generating more than a few hundred k for the next few years.

[searcher0] 18/6/2021 14:30

The 'don't upset the apple cart' crew only think that because the Calidus demerger saved there bacon which was a great bit of fortune but you look at Keras objectively and apart from that single event they know its been run rough shod, you can argue the circumstances but over the past 10yrs or so the share price has only been trending down, now teetering on 0.10 with 6bn shares in issue and counting. That is not deramping its just an unfortunate fact. A phosphate project that doesn't make enough to keep the lights on atleast for a few years yet so placings will have to continue. Togo may as well not exist, time to pursue arbritation there I believe. Also what has happened to the £1m they raised in January for new acquisitions. Wheres the pr from Russell does one interview and you never see him again, news has dried up.