Keras Resources Share Discussion Threads

[rec0very stock] 30/3/2018 16:12

and,

There are no stupid questions in this game and you are right to ask about anything you are not completely clear on. This is one of the better BBs on ADVFN, where you will get a straight and sensible answer. Do not rely on that being the case on many other boards.

One of the puzzles we were discussing at the AGM is why does it not matter how much good news CAI comes out with, nothing moves the KRS shareprice. I pointed out the only people who read their RNSs and listen to podcasts or visit the website are people who already hold. It is good to see a new investor joining us. In order to see the disconnect between KRS and CAI close there needs to be a lot more like you.

It does amaze me how much selling is still going on at prices below the lowest placing price. I know people were encouraged to take part in placings by brokers who said sell the shares as soon as you like and get your money back and then sit on the warrants. The last placing that came with warrants was ages ago.

Personally I am quite happy with the disconnect remaining. I have increased my holding substantially since the first performance shares were converted. In the new tax year I am going to bed and ISA as much of my holding as I can - the lower the price, the more I can stuff into my ISA.

However at some point the company is going to have to raise money. If we are lucky it will be on the back of the Togo licence being awarded and all the money might be able to be raised at project level. However if the Togo situation just continues to drag on, then they will have to issue more shares and it would be much less painful if the disconnect had largely closed and they could sell the new shares to people who were actually interested in holding them rather than flipping them, hence why I am keen that ordinary shareholders get a look in via something like Primary Bid. They have certainly got the message about not doing any more warrants as placing sweeteners. Theoretically, if the disconnect were to close people might exercise the warrants that are out there already and that would provide the cash to keep going (£1m). However you do not exercise warrants well ahead of expiry, unless you are going to then sell the shares so it is a double edged sword.

[andinvestor1] 30/3/2018 13:32

Thank you. I was alerted to KRS by a very good broker that I use. They flagged the value of the AU shares and then I also did some research and felt that it offered a really good opportunity despite some negative sentiment to the stock. I am planning to add more over the coming weeks and see it is a good holding to go alongside the other stocks I currently hold. Thank you.

[rec0very stock] 30/3/2018 11:35

and,

The second tranche of performance shares (the first having already been converted about 12 months ahead of expiry) are due for conversion into ordinary shares on production of a viable Preliminary Feasibility Study they expire if this is not complete by Jun 2020. The current programme has them drilling all 2018 and starting the PFS towards the end of 2018. I therefore expect the PFS to be on the streets around Jun 19 ie just about when all the KRS owned CAI shares come out of escrow and we get them distributed to us.

See post 1396 for the risk reward balance.

If I may ask what made you buy KRS in the first place and what put you on to it?

[andinvestor1] 30/3/2018 07:33

“Our current 458m shares in Calidus are valued at £10.7 million, increasing to £16.9 million when the additional 265m Performance shares are included.”

Could anyone advise what the terms / timescales are with the performance shares? Sorry but I have only started building a position here and looking to understand everything as best I can.

[wisteria2] 29/3/2018 17:07

Not to shabby a day for the shares anyway.. the ever looming probability of a large increase in the value of calidus should come to krs! gla holders

[dunkelmann] 29/3/2018 15:57

Cheers RS. So, despite claiming Togo is worth 1.2M on the books, it sounds to me as though Keras is just a discounted proxy for Calidus. Well that suits me, as I never had any illusions about Togo.

If I had known how to vote through my account in HL, you could have had my proxy to double your bargaining power.

[zhockey] 29/3/2018 15:48

Thanks for the report, what is the general feel on Togo, banked or long shot?

[andinvestor1] 29/3/2018 15:24

Thank you for sharing this Rec0very Stock

[andylee3] 29/3/2018 14:09

Article regarding today's CAI RNS....

www.smallcaps.com.au/calidus-resources-nullagine-road-gold-prospects-marble-bar/

[zhockey] 29/3/2018 13:49

RecoveryStock is always more than generous with his insight, look forward to seeing his AGM report.

[andinvestor1] 29/3/2018 12:16

Yes - good to see the house broker doing what they should do though!

[zhockey] 29/3/2018 12:03

That is just a copy of the RNS?

[andinvestor1] 29/3/2018 11:31

I started building a position in this stock today - Shard SB have just put out a notice following from the RNS today -

[zhockey] 29/3/2018 10:39

Recovery, if you can please press him on Togo, they really need to be more open on the situation. Does the mention of acquisitions suggest that they are hedging their bets and Togo is drifting away?

[bumpa33] 29/3/2018 09:54

Calidus growing, literally, into what hopefully will prove to be a monster. Nice work if they can get the disconnect in value sorted out. Let’s see.

[rec0very stock] 29/3/2018 09:24

Off to AGM soon. I will make Russell sing for his supper before he gets my vote for re-election (will already be a foregone conclusion from proxies)

[yasx] 29/3/2018 09:14

Does seem very good value - that disconnect too wide and hope they have initiatives in place to reduce the chasm.

[dunkelmann] 29/3/2018 09:09

" the Keras team will be working to address the disconnect between the Keras price and the see-through value of its investment in Calidus, together with building the value of its wider portfolio of assets organically and potentially through acquisitions."

Thank you Mr Lamming for these comments from today's RNS.

[dunkelmann] 29/3/2018 09:07

If they do, I shall be buying that's for sure. Some people simply cannot see a bargain because they are not prepared to wait and not prepared to research in depth.

I have enough, but if I can buy below .34p I will not be able to resist. HL sadly will only let me have them at .355p at the moment.

[alan@bj] 20/3/2018 16:29

Agreed. I only suggested the change thinking it would be easy to remove "in 2016" but as novicetrader has advised, ADVFN don't allow any amendments at all. It's not worth starting a new thread.

[dunkelmann] 20/3/2018 09:38

You make a good point zhockey. When all is said and done, I'm fine with the status quo.