Keras Resources Share Discussion Threads

[liquid millionaire] 17/3/2016 07:45

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

17 March 2016

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

First Blast at Grants Patch



Keras Resources plc, the Australian gold development company, is pleased to announce that it has completed its first blast at the Anomaly 22 project, which is located in the Grants Patch Gold Tribute lease area ('Grants Patch") and lies 30km north of Kalgoorlie in the prospective Western Australian goldfields. Mining is expected to commence during the week commencing 21 March 2016 as part of an initial bulk sample of up to 10,000t to confirm grade continuity, mining practices and ore delivery mechanisms to the Paddington Mill.



Highlights



· First blast at Anomaly 22 within four months of signing Tribute Agreement underpins strategy of fast tracked, lower risk cash flow generation; and

· Gold revenues in Q2 2016 firmly on track following the first blast at Anomaly 22 project



Keras Managing Director Mr. Dave Reeves said, "In November 2015 the Company embarked on a new strategy to mitigate the cyclical risk of the commodity sector through the fast tracked development of gold Tributes in Australia. The first blast at the Anomoly 22 project, within four months of the strategic re-alignment, is a major milestone for the Company. During that time the Company has also secured two additional Tribute Agreements and looks forward to achieving its goal of extracting 20,000-30,000 ounces of gold over the course of the next year."

[sashimi] 16/3/2016 17:31

I'm very surprised that they haven't announced the first blast.

[novicetrade68] 15/3/2016 19:45

There is a delayed trade from today at 15:04 2.5m shares at a little over 0.88p. I have noticed some of these larger trades prior too and it is really nice to see big money also taking an interest in KRS, not just us humble PIs ;-)

[4sta] 15/3/2016 09:43

Good days trading yesterday. Lots of buyers and just about evened out by the sellers. Always good to get rid of the traders that are only after the odd 10 -20 percent, paves the way for faster and more solid rises from here on hopefully.

[sashimi] 14/3/2016 19:35

It's a shame to see gold price dip today.

[sashimi] 14/3/2016 19:29

cant be far off from getting an update on the first blast. Trucks have been there a week doing nothing, so maybe tomorrow another RNS.

[novicetrade68] 14/3/2016 13:29

Ed, That's actually very true regarding buying FRX for Nayega only ;-)

Surely, license news from Togo could of course still happen any moment, but since KRS is trying to run a gold company now, I'm also a bit more relaxed about developments there now. Needless to say, would be nice if it still comes through though at some point in H1.

[edgein] 14/3/2016 12:21

Novice,

Indeed very true, my Pam Ayres impression this morning was meant to be a little tongue in cheek. Also Dave did mention (cannot remember if it was in the previous interview or an article), that when they are producing cash they'll be looking at much bigger acquisitions. That'll be more along the lines of those mid term acquisitions that you mention. good to see them really going for it this last couple of months. This was a totally different beast 12 months ago when you'd get a couple of posts a month on the FRX thread and many of us, probably including yourself, were buying for Nayega alone.

Regards,
Ed.

[sja123] 14/3/2016 12:05

hxxp://www.lsesharetalk.com/share-news.php

Interview with Dave Reeves now up on LSE....goes through the RNS issued today and re-iterates near term gold production....as you would expect, nothing revealed that the market doesn't already know...

[novicetrade68] 14/3/2016 11:50

Edgein, you mentioned whether DR might have anything else up his sleeve...well, in their presentation from last year they said they were working to 'Complete documentation and begin option period on a mid-term high value project'...and although I'm really pleased about todays' news, I don't think it is the 'mid-term high value project' that's being alluded too. Time will tell, no doubt ;-)

[113mike] 14/3/2016 09:10

With this transaction, we can look to expand our cash flow generation which is due to start in the very near-term, ....sounds good to me! Onwards & upwards!

[4sta] 14/3/2016 09:09

Thankyou dell1234, appreciated.

[edgein] 14/3/2016 09:03

Stunning, not only production from the first two gold tribute agreements in the very near term, we've now added a third coming into production in Q3. Nice one Mr Reeves, that should make our production profile quite easy to achieve. Going great guns at present, I wonder if Mr Reeves has anything else up his sleeves? Apologies for the poetry this early in the morning. With the gold price where it is now its a 70-30 profit split in our favour, that's a stunning deal. Reserves building up nicely, production soon to build up nicely, its all heading in the right direction.

Regards,
Ed.

[dell1234] 14/3/2016 08:53

Article has been updated

[4sta] 14/3/2016 08:44

dell1234. I've noticed you have posted a link to the article on the LSE board also. Could you point out that it is factually incorrect over there please - I read but do not post on LSE.

[sja123] 14/3/2016 08:36

...as well as an interview released later today on LSE ShareTalk....Keras are presenting at Momentous Event on Thursday evening

[sja123] 14/3/2016 08:29

It just goes to show how sloppy some of the so-called professional coverage of companies is....always best to research things for yourself and check any "facts" put out by brokers and tip sheets

All IMO etc

[sja123] 14/3/2016 08:27

I think the guy writing the article has got it wrong....the second half 2016 production refers to this new tribute deal....no change in forecast for Grant's Patch....Q2 2016...imminent.....

[4sta] 14/3/2016 08:24

Is that article factually correct? He states that Keras has pushed back production from the second quarter to the second half of this year. Haven't read anywhere that this is the case, thought first production was imminent.

[dell1234] 14/3/2016 08:16

Shares magazine article on today's news:

[sja123] 14/3/2016 07:43

RNS out.....another tribute deal for more gold production this year...something for Dave to talk about today then....and presenting later in the week too....should be a good week :-)

[sashimi] 13/3/2016 20:06

Lsesharetalk tweeted that an exclusive interview with DR will be posted tomorrow.
Is more news on its way?

[aim0raider] 13/3/2016 11:39

Well we know krs are looking to raise so that shouldn't be a factor in the interview. They are fully funded to production happening in a few weeks.

[rec0very stock] 12/3/2016 11:29

GD,

If you look at all the money Dave and other directors have put in over the years then it comes to far more than £250k. Actions speak louder than podcasts