Keras Resources Share Discussion Threads

[temmujin] 30/3/2017 07:22

should double today

[cpap man] 30/3/2017 07:20

RNS out....



Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining

30 March 2017

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

Applications for Cobalt and Nickel Licences



Keras Resources plc is pleased to announce its intention to target exposure to the high growth battery market with emphasis on the metals used in the production of cathodes. A total of five exploration licence applications have been submitted over 1,000 square kilometres of ground in West Africa that cover previously discovered cobalt and nickel mineralisation.



Highlights



· Five applications submitted over vacant ground in West Africa that cover known cobalt and nickel mineralisation

· Average rock chips from mineralised zone grade at 0.82% nickel ("Ni") and 0.19% cobalt ("Co"), with highs of 1.4% Ni and 0.25% Co

o Equates to a 4.5g/t equivalent gold grade based on current metal prices

· Cobalt prices have increased 100% in the past six months and supply/demand fundamentals support onward positive price movement

· Cobalt often reported as the most critical metal from a supply perspective for the battery industry

· Grant of licences would provide AIM investors with a unique opportunity to gain exposure to the high-growth battery industry through the development of three complementary commodities: cobalt, nickel and manganese



Keras Managing Director Dave Reeves said, "Following the recent announcement regarding the funding of our gold assets via its listing on the ASX, we have been investigating various commodities and parallel strategies for our non-gold assets. This review highlighted the critical importance of a selection of commodities vital to the future expansion of the battery industry. These commodities, which have been referenced by industry players such as Elon Musk of Tesla fame, include nickel, cobalt, lithium and manganese.



"As investors will be aware, the rise of lithium and its influence over the London markets have been widely reported, however, more specialist commodities including cobalt have been overlooked; despite recent reports that cobalt is the most critical material for the development of the battery industry. In addition, the review highlighted the strategic importance of manganese in the production of cathodes, a commodity Keras already has exposure to. As a result, our team, in conjunction with geological consultants, have identified an area that was open for pegging that has known cobalt and nickel mineralisation outcropping at surface. We believe the granting of the exploration licence should be complete in Q2 this year and look forward to commencing works on this high value commodity.



"We believe the battery market will be one of the fastest growing consumers of metals in the next decade and are positioning ourselves to be a supplier of cathode materials to this expanding industry."



ETC....

[rec0very stock] 29/3/2017 10:55

No. They say some drilling will commence once the private placing has been done. The main drilling campaign starts once proceeds are received from the ASX listing.

[tcrober1] 29/3/2017 09:23

Is Keras actually drilling anything at the moment?

[cpap man] 27/3/2017 21:33

chipperfrd27 Mar '17 - 09:33 - 2814 of 2817 1 0

Perhaps there is a degree of 'end-of-tax-year' portfolio adjusting going on. It is fairly normal on the LSE at this time of the year. If so, it will all end soon.
Chip

[andylee3] 27/3/2017 14:44

FYI.....Invested call presentation.....

www.kerasplc.com/documents/KerasConfCallPresentation22.03.17new.pdf

[4sta] 22/3/2017 17:39

Think you need to spend more time trying to understand the deal dewolf. Personally I think he's played a blinder.

[dewolf] 22/3/2017 17:09

last thing you need is dave reeves getting more projects into KRS, its been calamity after calamity.
KRS was doing fine with the gold assets, leave it be. no, this weird structure
its like buying back what we sold.
badly structured deal, but should come good eventually.

[edgein] 22/3/2017 16:47

Interesting conference call. So folks any guesses on the new project hinted at for PLC?



The mining industry of Togo is centred mainly around the extraction of phosphate, ranking it 19th in world production. Other minerals extracted are diamond, gold, and limestone. More minerals identified but yet to be brought into production mode are manganese, bauxite, gypsum, iron ore, marble, rutile, and zinc.

I'll stick my toe out and say iron ore in Togo, certainly would be useful for phase II and the production of ferromanganese. Also sounds as if Dave is now looking at a small scale early production start up for Nayega perhaps targeting less to begin with that the 250,000t pa phase I. Perhaps even Bauxite, whatever it is sounds like its close to Togo and ties in with the manganese.

Regards,
Ed.

[rec0very stock] 22/3/2017 16:22

Just bought 1M at 0.389. Hopefully everything will finally come together.

[tcrober1] 22/3/2017 15:12

Link now appears to be working

[4sta] 22/3/2017 14:29

Can't get the link to work either. Don't know what time differential it is but maybe we'll have to wait until tomorrow now before they remedy the situation.

[edgein] 22/3/2017 14:11

missed the conference call earlier and like RS cannot get the link to work. the Voxmarket interview is very interesting though. Not only with the upside to Klond, thought it was a 7.5km strike rather than 15km! But also for Togo, more hints at it coming back to life again.

Regards,
Ed.

[rec0very stock] 22/3/2017 13:07

The link to the call on the website does not seem to be working

[andylee3] 22/3/2017 13:06

No, you're not wrong 4STA, and after listening to this mornings conference call, I'm amazed not more people are investing. Seems a no brainier to me.
Mind you, we are talking about AIM here...aren't we!

[aim_trader] 22/3/2017 10:51

Keras Resources CEO David Reeves will be presenting to investors at the Mining Capital Conference on 30th March in London. For details and registration, please click here

[4sta] 22/3/2017 09:51

Why on earth are people selling today? Do they still not understand the RNS? If this goes right ( and I don't see why it shouldn't ) it means our loan for buying Warrawoona will be cleared and we will still end up owning 60% of it and because he's doing an RTO the price can be set low so there's a real chance that people will be buying into it and could really go places. What's not to like? Am I reading this wrong?

[andylee3] 21/3/2017 16:07

Just in case you've not listened to the podcast, here's the link....

hxxps://www.voxmarkets.co.uk/blogs/739-keras-resources-krs-satellite-solutions-worldwide-sat-bos-global-holdings-bos/

A must listen!

[temmujin] 21/3/2017 15:35

looking at a possible 10 bagger here...dont be fooled by the MM dodgy tricks today

[4sta] 21/3/2017 15:34

Thanks Recovery Stock. Was getting muddled up with the Voxmarkets podcast. Think tomorrow should see a lot of blue once this is fully understood.

[snape] 21/3/2017 14:12

Worth listening to today's Voxmarkets podcast as explains performance shares and Rule 15 issue. Well I was re assured and so topped up.

[rec0very stock] 21/3/2017 13:40

4STA,

The call is not until tomorrow the link and phone number are in the RNS and a recording will be put up on the website.

I think the main problem is this is not what most were expecting. I was not expecting a shell to be used and for the transaction to be staged in the way it is. The main risk remains will Aussie investors support the placing. If they do then I like the transaction, if they don't then the transaction fails and there would be other options, though the loan would need to be extended again and it is not cheap. They have set low targets for the subsequent tranches and, whilst nothing is certain, there really should be no problem in meeting those targets, indeed I would expect them to be easily exceeded both in terms of the amount of gold and the timescales. People may have looked at the targets and thought that they represent realistic estimates and do not like how little gold and how long it would take.

As the deal is for a fixed number of shares we get upside on any price increase on ASX (the reverse is also true). I had hoped that there would be a mechanism where some cash came to KRS PLC from the ASX listing. This has not happened and it is therefore likely that more cash will need to be raised on AIM to keep going.

The statements made about Togo in both RNSs are encouraging as they are now talking about near term and not a back burner more of a distraction type words. There is still no telling when the licence may be finally signed and the Togo government has been promising it and not delivering for years.

This is still a high risk stock, however as long as the placing and relisting goes through there is a good buying opportunity based on this morning's market reaction and if Togo does come through as well then a significant re rating is very much on the cards.