Keras Resources Share Discussion Threads

[andylee3] 15/2/2018 22:53

Well, if you ever needed confidence that things were going well....

www.investi.com.au/api/announcements/cai/643143bd-47e.pdf

Mr Reeves is putting his money where his mouth is.

[zhockey] 11/2/2018 16:38

I don't really understand why the licences are dependent upon resolving the political conflict. Surely the government want business and investment to continue?

I understand some of the discontent is arround unemployment, surely opening a new mine would be a popular move?

[andylee3] 10/2/2018 23:42

Agree, but all the focus is on Oz gold and rightly so.

Then if the license drops, it's a bonus.

GLA

[zhockey] 10/2/2018 19:36

That's not great as the situation there could take years if ever to resolve. I think we should write the assets off in terms of valuation.

[andylee3] 10/2/2018 09:19

Okay, so I did my usual 'what's happening in Togo' email to Mr Reeves.....

"Trust you are keeping well Dave?

Congratulations on the continued successful Calidus drilling campaign and results so far....great work.

On another note, came across this 2018 economic study of Togo....

www.coface.com/Economic-Studies-and-Country-Risks/Togo#

Interesting read, though no mention of Manganese mining.

Notice this unrest over there seems to be coming to a head too.

Understand the two sides are getting together for talks on the 15th February, not sure how that will pan out.

Clearly all this unrest is not doing us any favours with regards the mining license.

I understand your priorities are with Calidus and gold at the moment, but has there been any recent developments in the background with regards Togo?"

Cheers,
Andy

Dave's response....

Andy

"Thanks for the email and the kind words.

There are some things happening in Togo that we will report to the market shortly. As you rightly point out though, I cannot imagine any resolution until the political situation is clearer."

Regards

Dave

[andylee3] 07/2/2018 22:52

Really zhockey, what makes you think that? If so, I'll be first in the queue to buy!

[zhockey] 07/2/2018 16:53

I think this could break lower and may hit 0.18p. That would be the time to buy.

[dumbo4] 07/2/2018 16:00

Thanks andy. You may wonder how I got that name !

[novicetrade68] 07/2/2018 15:38

Worth accumulating these now when it's quiet as if it was a savings plan, the pay-out is still some time off and especially on AIM 12mths or so is of course light years away.

[andylee3] 07/2/2018 14:49

2018 Togo economic study....

www.coface.com/Economic-Studies-and-Country-Risks/Togo#

No mention of manganese....hmmm

[dumbo4] 07/2/2018 09:13

andy. CAI are quoted on advfn at 3.8c. 330000 therefore has a value of about £730 I have 581k KRS and am not expecting to get over £3500 for the CAI. Wish I would.
Have I got this right ?

[zhockey] 06/2/2018 07:27

Question is what will Keras be worth afterwards? All depends on Togo.

[novicetrade68] 05/2/2018 22:39

That really sounds like an amazing dividend awaiting.

[andylee3] 05/2/2018 19:31

Well spotted Zhockey, just edited my post!

[andylee3] 05/2/2018 17:12

Courtesy of Pinecone on the LSE BB. Always good to here it from the horses mouth!.....


Bonus shares ? quantity confirmed

Received reply from Dave Reeves from a direct email question re the above

"based on the current shares on issue of Keras you will get approximately 1 Cal share for every 3 KRS shares once the final performance shares are issued.

So if you had 1 million shares in Keras you would get approx. 330,000 Cal shares which are worth approx GBP 7,700 today, but hopefully a lot more when this happens."

Regards

Dave

He confirmed I could advise all the investors of this email via this BB

Just added today via HL but only showing on NEX @ .0035p

GLA

[rec0very stock] 04/2/2018 09:05

zhockey,

Sorry for not replying earlier to your question at 1353, I have been rather busy on my day job.

How much gold ultimately gets recovered from these tenements is anyone's guess. 5 MOz is not beyond the realms of possibility, indeed even higher figures are possible, but only time will tell.

I find it pays not to dream too far into the future. My focus is what do I expect to be achieved in the next 18 months when we will have our own CAI shares. We will get them and Dave is looking at whether they can set something up that helps KRS shareholders who are not with a broker that can trade ASX. My view on that is make the commitment to in specie and those who need to switch brokers have plenty of time to do so.

In the next 18 months I expect we will have a resource upgrade that gives 1 MOz indicated plus about 500k Oz inferred - it is relatively cheap and easy to add inferred but indicated or better still measured is what is needed - the difference is effectively the spacing of the drilling. I expect CAI to do another fund raise once they have that resource and then to produce a PFS which enables conversion of the remaining performance shares into ordinary shares. There may well be another CAI fund raise at that point to get to BFS. BFS will involve more drilling mainly to convert sufficient indicated to measured and really nail down all the detail on the plant, with good estimates and firm quotes for all the plant and infrastructure work. The BFS will be completed after we have our CAI shares.

At the moment I see no impediment to the above expectations being achieved. It will be interesting to see what the A$2M achieves on the Novo JV. Having Novo onside for all future fundraises will help everything along considerably and I therefore expect to see quite a bit of priority placed on getting that work done. Unforeseeable things do happen that can really screw everything up, which is why early stage mining is such a high risk game. However for now there seem to be no black clouds on the horizon and it is full steam ahead.

[zhockey] 31/1/2018 23:06

Only Togo will move this in the short term. Calidus is priced to 1.5Moz already, I think they'll exceed that by a long way but will need another season of drilling.

[4sta] 31/1/2018 15:12

We certainly have a persistent seller, just wonder how many more they can actually still hold here - surely not many? Seems madness to sell at this juncture, every RNS is crammed full of good news, high grades and shallow depths. Just need patience and this will take off I feel sure.

[greatfull dead] 31/1/2018 14:37

andy,

I also think the share price drop is unbelievable. Can not work out why. But KRS will give us excellent returns on our investment in time.

ATB,
GD

[bumpa33] 31/1/2018 14:17

Excellent grades again, shaping up to be a damn good resource this, just a shame that they can’t ‘clean up’ their share register and get whoever it is persistently selling off the bloody thing.

[andylee3] 31/1/2018 13:58

8.45% down....unbelievable!