Keras Resources Share Discussion Threads

[edgein] 02/10/2017 13:58

When are they assuming that? After tranche 1 or 2 of the performance shares. Sure if they were planning to do that it would be after the DFS not on 3 separate occasions as we meet each performance criteria. It would be instant profit if he did that now of course. I'd much prefer if he did that after the DFS, I would hold for the forseeable future but giving share out to lots of KRS holders may make the CAI price volatile in the short term.

Regards,
Ed.

[bumpa33] 02/10/2017 13:04

Is anyone here aware of the chat over on LSE re: Dave Reeves confirmed (albeit by email but apparently assuming it was already in the public domain?) planned in specie distribution of Calidus shares to Keras shareholders? Usually avoid LSE like the plague but that’s significant info, if correct of course.

[bumpa33] 02/10/2017 09:08

took 2.5m of these this morning, when folk finally catch on the valuation gap should close at some point...

[the count of monte_cristo] 02/10/2017 08:11

Hopefully get some drill results this week.

[the count of monte_cristo] 02/10/2017 03:29

De Grey accepts strategic investor Kirkland Lake to its Register

De Grey Mining Limited (“De Grey”) is pleased to announce that Kirkland Lake Gold Ltd. (“Kirkland Lake”) has agreed to subscribe for up to 33,333,333 shares in De Grey at a price of $0.15 per share to raise $5M. Each share will have a free attaching option, with the options exercisable at $0.20 per share at any time before 30 November 2019.

Kirkland Lake is a Canadian listed mid-tier gold producer with a market capitalization of US$2.7Bn and forecast production for 2017 of 570,000 – 590,000 oz’s of gold. They have interests in Australia through the high grade, low cost Fosterville mine in Victoria and have recently invested $58M in De Grey’s Pilbara counterpart, Novo Resources Corp...

[tippow] 02/10/2017 00:01

With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders.

"Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..."

GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought.
50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonne

6,620x500,000= $3.31 billion

50% ownership so that become $1.655 billion

$=0.75£

$1.655billlion=£1.24 billion

Lets assume a modest 50% recovery and a 25% profit margin.

1.24x0.5x0.25=£;155m

Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months.

John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!!

John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold.

4.45mins in

hxxps://www.ig.com/uk/market-insight-videos?CHID=9&SM=TW&REF=IGTV&bctid=5567278253001&bclid=3671160850001 … … … … … …

Also previous videos on GEO worth watching

hxxps://audioboom.com/posts/5996550-john-meyer-covers-georgian-mining-corp-geo-ortac-resources-otc … … … … … … …

hxxps://audioboom.com/posts/6041037-john-meyer-on-solgold-solg-georgian-mining-corporation-geo-21st-june-2017 … … … … … … …

hxxps://player.fm/series/the-vox-markets-podcast-with-justin-waite/824-georgian-mining-corporation-geo-and-bonnie-hughes-on-botswana-diamonds-bod … … … … … … …

hxxps://audioboom.com/posts/6149837-greg-kuenzel-managing-director-and-martyn-churchouse-technical-director-of-georgian-mining-corporation-geo-27th-july-2017 … … … … … … …

… … … … … … …

This is what is being indicated by the BOD.
"Although work to date has focused on three zones as separate areas,
recent results suggest that they coalesce to form a large epithermal
copper-gold system"

Now that would be HUGE!!! "A large epithermal
copper-gold system"

GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold?
Is 60pps too conservative in view of the increasing copper and gold prices?

we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date.

The project is derisked now. It is going to be mined and no capex needed!!
Remember the company have previously described their find as a "world class discovery"

John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more"

Multibagger in the making here and all very close

All thoughts are mine and helped by others posters snipets.

[euclid5] 01/10/2017 19:20

Paying out £364,000 in salaries

hxxp://www.kerasplc.com/documents/243542KerasFS30September2016FinalNEW_003.PDF

[4sta] 01/10/2017 17:59

Thanks Rec0veryStock, much appreciated.

[dropside] 29/9/2017 10:23

Investment companies often trade at a discount to their assets but given the way CAI is progressing the performance shares should be achieved for Keras, and the discount seems excessive. As Dave said in the last update:

"..Performance Shares where once an Indicated Resource of at least 500,000oz is declared, Keras will receive 241.25m ordinary shares in Calidus and on completion of a pre-feasibility study, a further 265.4m ordinary shares potentially bringing the total shareholding of Keras in Calidus to 723.75 million shares. At the Placement price these shares would have a value of A$29.67m, approximately £17.4m, compared with Keras market capitalisation of £8.23m."

It seems as if the rest of the company projects such as Togo are having a negative effect on the share price and the sooner they are ditched the better from this point of view and Keras can be seen as an investment company and valued as such. However I prefer to look at them as opportunities that are not costing too much to run but may come good. It is a balancing act for the management to ensure they only invest in the projects where there is a good prospect of return. I suspect they must be getting quite close to a decision point on the Mn in Togo and we either get the licence at long last ( and a re-rating for KRS from a grateful market) or it is let go. Interesting times ahead but at the current gap to the asset value I thought it was worth adding earlier this week. NAI.

[the count of monte_cristo] 29/9/2017 09:34

Should help reduce cash burn, unless they replace him. Not much to do at KRS anyway, Cobalt seems to be a buzz word distraction, Nayega on hold pending the Togo MoM approval which we have already been waiting years for and the investment in CAI will take care of itself.

The glory and fun is with CAI. KAI is now basically an investment comoany in CAI with some other assets on hold.

[edgein] 29/9/2017 08:30

Count,

True, while he and Dave got us the CAI assets in the first place he's much better placed with CAI than he is here. No need for him to get paid twice for doing his job at CAI.

Regards,
Ed.

[the count of monte_cristo] 29/9/2017 08:23

One less guy on the pay roll.

[the count of monte_cristo] 29/9/2017 07:09

DR is on something like 150k.....plus I guess he also gets paid for his position with CAI?! Nice:)))

[rec0very stock] 28/9/2017 22:56

Page 21 and note 11 on page 46

[4sta] 28/9/2017 09:01

Could anybody point me in the right direction please? I am trying to find out what renumeration the board receives. I have scanned through the interim results but found nothing and don't know where to go from here.

[temmujin] 28/9/2017 07:45

Calidus Resources Ltd
ASX: CAI - Sep 28, 3:59 PM GMT+10
0.060AUDPrice increase0.007 (13.21%)

[the count of monte_cristo] 28/9/2017 05:30

Andylee...yes I clearly have, it's part of being a good MD, being a good salesman.

This now seems to be a one trick pony, Nayega could drag on for years.

KAI & ARZ all up strongly on the ASX today.

[temmujin] 28/9/2017 01:42

got to re rate soon...or this is getting silly

Calidus Resources Ltd
ASX: CAI - Sep 28, 10:18 AM GMT+10
0.058AUDPrice increase0.005 (9.43%)

[andylee3] 27/9/2017 17:08

Think Nayega isn't going to happen near term.

So the focus is gold, as that's what's going to add value to our share price ...eventually

[andylee3] 27/9/2017 17:05

You clearly haven't heard other company MD's on Vox Markets Count!

[andylee3] 27/9/2017 16:58

DR Podcast on Vox Markets....

www.audioboom.com/posts/6339501-883-keras-resources-krs-immupharma-imm-defenx-dfx-mi-pay-mpay?t=0

DR very upbeat about the 'gold, gold, gold!'