Keras Resources Share Discussion Threads

[rec0very stock] 18/5/2023 09:35

Not a great result but a good enough result and just in the nick of time given the impending Utah payment and this:



We are finally out of Africa and able to focus on better prospects in the US.

Without the cash we would have been looking at a mega diluting placing. Now we can look forward to a decent news flow out of Utah.

[the skipper] 18/5/2023 08:46

In the circumstances it’s a good deal for KRS shareholders as it removes all doubt about further dilution to fund the next payment to FI and will enable it to be turned into a massive cash cow. This should end the day up by more than 50% once the news starts to spread imo.

[the count of monte_cristo] 18/5/2023 08:24

So Togo stole the asset

[edgein] 18/5/2023 08:02

Jim,

Another possible scenario would be get nothing and go through arbitration over many costly years. So to get out with $1.7m cash and a royalty is a good outcome to a deadlocked situation. They'll need KRS to set up and run the operation therefore that's where the royalty comes in. But it should be a very good case study for other miners thinking of investing in Togo. Look elsewhere, they'll not get these issues at DC. So if they get something out of the royalty then bonus. What they should do is mine design for a 4 year life and target the highest grade areas and leave what's left as a parting gift.

They're now walking away with a relatively large sum for a small company and can put it to good use on proving up the scale of DC etc.

Regards,
Ed.

[apotheki] 18/5/2023 08:00

Graham Stacey, CEO of Keras, commented, "This transaction not only finalises Keras's transition into a fully focussed high grade organic fertiliser producer in the United States but draws a line through the uncertainty related to the Nayéga asset.

This Agreement is a reflection of the constructive relationship we have with the State and sets a very clear picture of how the asset will now be developed to the benefit all stakeholders and rewards Keras for its investment to date.

The upfront Cash Payment due on 17 July 2023 and ongoing cashflows associated with this Agreement underpins the already robust Diamond Creek mine economics which Keras will continue to develop into the premier organic phosphate producer in the US."

[pinecone] 18/5/2023 07:33

Probably had little choice, given the set up in the country!
Always positive to leave on good terms!

[marvel66] 18/5/2023 07:22

A little disappointed we've given it away so cheaply.

[stockriser] 18/5/2023 07:16

VERY NICE ;-)

[rec0very stock] 16/5/2023 08:40

Really not sure it has any relevance to KRS at all as it is Potash (Potassium or if you like the K in NPK) and we are Phosphate the P in NPK.

Hopefully we are going to get some positive news soon as the next $800k payment is not that far away now so we need some.

[alan@bj] 14/5/2023 11:53

No, of course we're not. Thanks for the reminder Jimbl.

[jimbl] 14/5/2023 10:54

We aren't exporting any product.

[alan@bj] 14/5/2023 10:16

The Port of Portland expects Canpotex is working to repair the conveyor system, but that could take some months.

“For safety reasons, the berth is completely closed until further evaluation to determine the integrity of the conveyor system,” the port’s Rosales says. “Until that evaluation has been completed, the berth will remain shut down.”

In a statement, Canpotex says it will shift exports away from Portland until the conveyor at Terminal 5 is fixed. The company already ships out of Vancouver, B.C., and Thunder Bay, Ontario.

“It is expected that the impact to volumes can be largely mitigated by redirecting product to other ports in North America, with impact on costs being assessed,” Canpotex spokeswoman Natashia Stinka said last week.

[source] 13/5/2023 22:41

The Port of Portland's Massive Fertilizer Export Terminal Shuttered After Conveyor Collapse.... Last year, ships bound for export loaded nearly 6 million tons of potash...

[tomboyb] 18/4/2023 08:46

Done well -

[the chairman elect] 18/4/2023 08:44

Good moaning all - yup KRS is once again looking good very good and to think that this is just the start of the new journey!

[stockriser] 18/4/2023 08:43

And still only a Mcap of £4.4mm, even after the recent rise - imagine if positive news came from Nayega ;-)

GLA SR

[edgein] 18/4/2023 08:37

The most important part of the RNS is this:

"The Keras Board is very pleased to have Kershner Grosso on board as a cornerstone shareholder. Kershner Grosso's investment philosophy is very much aligned with Keras's growth strategy in the US and the relationship is expected to provide access to new markets and opportunities throughout North America."

Hinting at further acquisition imo. DC might be joined by other assets that offer transformative upside (regardless of Nayega).

Regards,
Ed.

[sos100] 18/4/2023 05:27

Chris Grosso will hold the shares on behalf of Kershner Grosso which manages in excess of USD400mn on behalf of its clients, investing in businesses in the junior resource sector which tend to be long-term in nature with Kershner Grosso providing ongoing support and guidance as dictated by each management group, until the full value of each asset is realised. Most recently, Kershner Grosso was the largest shareholder in Silvercrest Metals Inc, a Canadian precious metals exploration and production company headquartered in Vancouver, BC with its flagship asset Las Chispas Mine, in Sonora, Mexico. Kershner Grosso clients remain large shareholders in Silvercrest and have seen Silvercrest's share price grow from USD0.10 at the time of its spin out and initial private placement to its current price of over USD7.00.


---

Don't often see this mentioned on a holdings rns.🤞

[markyess] 17/4/2023 17:22

It's certainly no bad thing to see the back of FUR.

[stockriser] 17/4/2023 16:42

Sounds very good news to me (even if they did get them cheap), I would suggest they may even be adding to their holding.

GLA SR

17/04/2023 4:30pm
UK Regulatory (RNS & others)

Keras Resources (LSE:KRS)
Intraday Stock Chart

Monday 17 April 2023

Click Here for more Keras Resources Charts.
TIDMKRS

RNS Number : 4811W

Keras Resources PLC

17 April 2023

Keras Resources plc ('Keras' or 'the Company')

Holdings in the Company

Keras announces that it was notified on 13 April 2023 by Chris Grosso from Kershner Grosso & Co. ('Kershner Grosso'), a Saratoga Springs, New York State based Investment Advisor that it had acquired First Uranium Resources Ltd's (CSE: URNM) (KMMIF:OTC) ('First Uranium') entire holding of 8,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") in an off-market trade at 2.5p per Ordinary Share. Post the announcement of 13 March 2023 stating that AxCap Ventures Inc ('Axcap') had sold its entire 5,610,000 shareholding in the Company, neither First Uranium nor Axcap hold a notifiable interest in the Company's issued share capital.

Chris Grosso will hold the shares on behalf of Kershner Grosso which manages in excess of USD400mn on behalf of its clients, investing in businesses in the junior resource sector which tend to be long-term in nature with Kershner Grosso providing ongoing support and guidance as dictated by each management group, until the full value of each asset is realised. Most recently, Kershner Grosso was the largest shareholder in Silvercrest Metals Inc, a Canadian precious metals exploration and production company headquartered in Vancouver, BC with its flagship asset Las Chispas Mine, in Sonora, Mexico. Kershner Grosso clients remain large shareholders in Silvercrest and have seen Silvercrest's share price grow from USD0.10 at the time of its spin out and initial private placement to its current price of over USD7.00.

The Keras Board is very pleased to have Kershner Grosso on board as a cornerstone shareholder. Kershner Grosso's investment philosophy is very much aligned with Keras's growth strategy in the US and the relationship is expected to provide access to new markets and opportunities throughout North America.

[the skipper] 17/4/2023 13:56

And there’s a very clear breakout.Well done to all who bought the lows.

[the skipper] 17/4/2023 09:17

A couple more buys today and we should have a TA breakout. Chart is looking very promising anyway.

[rec0very stock] 13/4/2023 09:14

We have all been waiting a very very long time for Togo to deliver on its potential value. Whilst this has trained us to expect the worst, it is still ok to hope for something better. There is nothing in the current £3m MCap for Togo so a sale with a small royalty could easily be worth the whole current MCap.

The point is that something is clearly going on and none of us know what it is until it is announced by RNS. It's good to have something to talk about though and CAI might finally be looking up again too.