Keras Resources Share Discussion Threads

[andylee3] 20/12/2017 22:41

Get in the queue RS, get in the queue ;-)

[novicetrade68] 20/12/2017 20:20

It's certainly getting into bargain territory, must admit the pullback surprises somewhat, January, February tend to be stronger months for PM shares, so perhaps there will be some action then.

[rec0very stock] 20/12/2017 18:35

Please do not buy any KRS tomorrow morning.

I have got to go out first thing and provided I can still buy below 0.4p when I get back, I am going to get another 1M for my wife's Christmas stocking.

Anyone thinking of selling, please do so before 10 am.

[modform] 18/12/2017 12:01

There has been a consistent and persistent seller who has been off loading on any good news, so the share price will be depressed until that is cleared.

[luckyvince] 18/12/2017 11:21

It could be the seller has more to offload and thats why we are where we are.

[luckyvince] 18/12/2017 11:18

Looks like. 2 x 5 million sells dont help.

[zhockey] 18/12/2017 11:16

Well I guess 700k oz was priced in at this level. Should see 1M passed in next six months.

[cpap man] 18/12/2017 10:51

Dave Reeves commented, "For Calidus to increase the resource base by 74% within 6 months of listing on the ASX, as a result of targeted drilling underpins the unique attributes of the Warrawoona Project, where outcropping gold mineralisation allows rapid and cost-effective ounces to be added to this rapidly expanding project. Calidus intends to maintain this momentum in the New Year with extensional drilling programmes planned, both down dip and along strike. In addition, Calidus plans to convert some of the large number of satellite targets to resource status during 2018. The planning for this is well supported by Calidus' current cash position that allows a continuation of the aggressive work programmes they have pursued to date.



With the definition of over 500,000 ozs in the indicated category, the trigger for the conversion of Performance A Shares to ordinary shares in Calidus has now been reached. This will result in Keras holding a direct interest of 458,375,000 shares in Calidus. These shares are held in escrow until 22 June 2019, at which time the present intention of Keras is to distribute them to its shareholders. We believe Calidus will continue to expand the resource at the Warrawoona Project. In addition, Calidus has publicly stated that they plan to commence a PFS on the project before the end of 2018, subject to next year's drilling results. The achievement of the final hurdle of the completion of a PFS study will result in the conversion of our holding of Performance B Shares and will take Keras' total holding in Calidus to 723,750,000 ordinary shares."

[wisteria2] 18/12/2017 09:16

Give it time! should be in the blue by close! Anyway all depends on your timescale, tems is a day trader! good luck with that. gla holders

[luckyvince] 18/12/2017 08:27

Did think we would see a better reaction.

[temmujin] 18/12/2017 08:11

but shareprice falls...bizarre!

[edgein] 18/12/2017 08:01

Excellent news, to get a 74% increase in reserve at this early stage is very positive. More drilling and the PFS lined up for 2018. All going as planned or better to date.

Regards,
Ed.

[modform] 18/12/2017 08:00

Wow, things are starting to happen here, well done DR

[temmujin] 18/12/2017 07:24

so am i right in thinking share price will open up 1p today due to new shares?

[wisteria2] 18/12/2017 07:15

Dave Reeves commented, "For Calidus to increase the resource base by 74% within 6 months of listing on the ASX, as a result of targeted drilling underpins the unique attributes of the Warrawoona Project, where outcropping gold mineralisation allows rapid and cost-effective ounces to be added to this rapidly expanding project. Calidus intends to maintain this momentum in the New Year with extensional drilling programmes planned, both down dip and along strike. In addition, Calidus plans to convert some of the large number of satellite targets to resource status during 2018. The planning for this is well supported by Calidus' current cash position that allows a continuation of the aggressive work programmes they have pursued to date.

With the definition of over 500,000 ozs in the indicated category, the trigger for the conversion of Performance A Shares to ordinary shares in Calidus has now been reached. This will result in Keras holding a direct interest of 458,375,000 shares in Calidus. These shares are held in escrow until 22 June 2019, at which time the present intention of Keras is to distribute them to its shareholders. We believe Calidus will continue to expand the resource at the Warrawoona Project. In addition, Calidus has publicly stated that they plan to commence a PFS on the project before the end of 2018, subject to next year's drilling results. The achievement of the final hurdle of the completion of a PFS study will result in the conversion of our holding of Performance B Shares and will take Keras' total holding in Calidus to 723,750,000 ordinary shares."

[zhockey] 18/12/2017 00:17

Do you think we'll see 0.8p tomorrow?

This really is a game changer as they are talking about proving up 1Moz in Q2 next year. Only 25% of strike drilled so looking like it could be circa 4Moz.

£10M mcap???

[temmujin] 18/12/2017 00:10

Today's ann seems to relate to an expansion from the core Apex basalt section of the tenement along that line littered with historical gold hits its worth noting that there appears to be at least another 7km of that formation within the expanded tenement set Shown in green) The other notable formation here shown in red is the Mount Roe Basalt which has been tied to the conglomerate hosted gold. The lower tenement has at least 12km of strike.

Resource expansion is IMO just beginning
CAI.PNG

[temmujin] 17/12/2017 23:48

so 500k oz busted..re rate for KRS tomoro

[temmujin] 17/12/2017 23:46

asx news just out

RE: Up +74% increaseToday 23:38Details coming up in 10-15 mins on ASX

Headline number

+74% increase to 712,000 oz

High Grade resource at Warrawoona

[rec0very stock] 17/12/2017 16:21

Costs would depend on what is actually available to do the drilling and where it had to come from. However I think £250k would be a significant under estimate.

The last placing was a pre-hibernation placing aimed at being able to pay the mandatory bills whilst we wait for either the Mn licence or CAI shares to come out of escrow.

[zhockey] 17/12/2017 13:50

No harm is disagreeing, as you say that's what these boards are here for.

1000m of drill and assay should cost no more than 250k. That would not require massive dilution would it?

P.S. Agree on ramp value only but that is what aim thrives on.