ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

KRS Keras Resources Plc

3.15
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Keras Resources Plc LSE:KRS London Ordinary Share GB00BMY2T534 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.15 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
2.80 3.50 3.15 3.15 3.15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 994k -1.08M -0.0001 -315.00 251.17M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.15 GBX

Keras Resources (KRS) Latest News

Keras Resources (KRS) Discussions and Chat

Keras Resources Forums and Chat

Date Time Title Posts
23/2/202413:50KRS Finally Coming of Age3,357
05/4/202220:10Keras Resources (ex Ferrex) - mining gold and manganese in 20161,753
15/12/201701:25Keras Resources (LON:KRS) shallow resources that can be extracted easily and con617
27/9/201710:42ASX listing stinks!8
01/7/201613:41Ferrex KRS63

Add a New Thread

Keras Resources (KRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 13:57:353.0025,000750.00O
2024-03-18 13:56:223.00170,2895,108.67O
2024-03-18 13:55:223.0080,0002,400.00O

Keras Resources (KRS) Top Chat Posts

Top Posts
Posted at 19/3/2024 08:20 by Keras Resources Daily Update
Keras Resources Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker KRS. The last closing price for Keras Resources was 3.15p.
Keras Resources currently has 7,973,573,000 shares in issue. The market capitalisation of Keras Resources is £251,167,550.
Keras Resources has a price to earnings ratio (PE ratio) of -315.00.
This morning KRS shares opened at 3.15p
Posted at 22/1/2024 08:55 by apotheki
Graham Stacey, CEO of Keras, commented, "After a challenging 2023, I cannot overemphasise the importance of these developments in our business. Not only have we plugged the gap in our product range and increased our forecast rock phosphate sales 200%, but it is an absolute pleasure to have partnered with the strong team at Phosul to whom we've supplied increasing volumes of our PhosAgri rock phosphate product to test the suitability of our rock, as well as to develop a relationship with like-minded operators with insight into the organic fertiliser market.

We've taken a view that our current operations centre in Spanish Fork is likely to come under increasing pressure from residential development which is likely to lead to rezoning of our existing site at some point in the future. Owning our own production property and equipment further eliminates the excessive lease costs associated with Spanish Fork, and enables continuous operations with economies of scale that brings. In addition to longevity, the property provides us with footprint for future expansion of granulation capacity as well as our current production mix. We continue to learn the intricacies of building market share in a niche market and how our product best fits within the organic space in the US. Our biggest challenge to date has been market penetration - with Phosul we get the benefit of granulator experience and existing market for the PhoSul® product."
Posted at 29/9/2023 10:49 by jimbl
Hey, cheers Mark!

No joy in being proved right(ish), but building a market share from scratch by people with no connection to the industry was always going to be tough.

I had thought the carbon capture route may prove beneficial (like Fertoz) but so far that's amounted to nothing either. All in all I keep Fertoz in mind when considering our best case scenarios with DC and overall, it does not fill me with much enthusiasm.
Fertoz, multi mine, multi country, organic phosphate and carbon sequestration, yet share price is now only Aus$0.09.
Posted at 29/9/2023 10:06 by rec0very stock
Indeed. Still suffering significant growing pains in Utah (significantly underestimated how long and how much effort would need to go into generating market share) and still waiting for Togo Govt to get its act together and start mining - they can wait a while as the 3 year clock does not start ticking, but they will need the revenue from Togo to pay off Shawn in Jun next year.

"the Company and State have had positive discussions regarding the development of Nayéga. This process continues and the Company believes that the continued constructive dialogue between the Company and the State will stand the project in good stead, and we look forward to updating shareholders on the way forward." Not particularly inspiring!

Only real highlight would be "updating our shareholders in the near future about potential long-term offtakes or joint ventures." If they happen as hopefully they would provide a steady sales volume.
Posted at 06/7/2023 10:30 by apotheki
Keras Resources* (KRS LN) – suspended pending results – Results highlight increased sales out of Diamond Creek organic rock phosphate mine in Utah

(Keras holds 100% of the Diamond Creek phosphate mine in Utah, UASA. Keras also holds an 85% interest in Societé General des Mines for the Nayéga manganese project in Togo)

Keras report the production of 4,750 short tons of phosphate rock from the Diamond Creek organic rock phosphate mine in Utah, USA.

Total sales rose to 4,276t.

Liquid organic phosphate fertilizer: management are working on the production of liquid organic phosphate fertilizer to enable better phosphate availability for crops.

Granular plant: the team are also producing blended organic granulates for the 2023 summer season.

The local subsidiary, Falcon Isle Resources, which runs the mine and plant is profitable and has started to replay loans advanced to it by Keras Resources.

New investor: Kershner Grosso & Co acquired a block of 10.03% shares from First Uranium Corp. last year and have since raised their stake to 13.16%.

Keras recently announced its receipt of £1.7m of funds from the government of the Republic of Togo which it has used to complete the purchase of the Diamond Creek mine and settle the severance of the former ceo.

Prices: Rock Phosphate Monthly Prices continue to rise in the US to $345/t from $300/t seen in March. The World Bank also estimates an international price of $345/t for May.

We expect Organic rock phosphate prices to hold steady in the US as the economy continues to maintain a level of slow growth despite ongoing interest rate rises.

Conclusion: Keras management are now focused on developing and expanding the Diamond Creek phosphate mine. The development of the granular plant should expand sales capacity while the ongoing work on liquid organic phosphate products should give further room for future growth.

*SP Angel acts as nomad and broker to Keras
Posted at 24/5/2023 08:58 by gb904150
I think most would agree that the 'deal' is pretty abysmal compared to the money and years of effort that have been expended.

That said, Nayega/Togo has been valued at zero for years now. No real expectation of any resolution to the problems there. It has been apparent for years that the government weren't in favour of KRS mining it.

If the $1.7m is all KRS see from this deal then that is fine but that will mean the Togolese will learn nothing from the BOD and are unlikely to do a good job of exploiting the resource. I guess that's up to them.

If they had any sense they would accelerate the entire project - get it up and running as fast as possible, optimising it with the input of the KRS BOD.

The more likely is they will dither and delay, but in that case they are the ones that will lose out as they will learn nothing.

It's clearly up to them (Togo govt) but the opportunity is there.

Yes it's a rubbish deal, but that's why KRS pivoted to Utah. If they hadn't they would be in an even worse situation, dependent on this single resource, limited to 3.5 years of revenues and with only $1.7m to show for it. They might not even have had that if they didn't have a plan B.

DC too was a mess and owning 51% of it proved not to be great, but that too is resolved and we now have the 2nd payment of $800k available to us. That was hanging over us but now isn't.

It now just comes down to whether DC is a good project and can generate much profit.
Posted at 18/4/2023 04:27 by sos100
Chris Grosso will hold the shares on behalf of Kershner Grosso which manages in excess of USD400mn on behalf of its clients, investing in businesses in the junior resource sector which tend to be long-term in nature with Kershner Grosso providing ongoing support and guidance as dictated by each management group, until the full value of each asset is realised. Most recently, Kershner Grosso was the largest shareholder in Silvercrest Metals Inc, a Canadian precious metals exploration and production company headquartered in Vancouver, BC with its flagship asset Las Chispas Mine, in Sonora, Mexico. Kershner Grosso clients remain large shareholders in Silvercrest and have seen Silvercrest's share price grow from USD0.10 at the time of its spin out and initial private placement to its current price of over USD7.00.


---

Don't often see this mentioned on a holdings rns.🤞
Posted at 17/4/2023 15:42 by stockriser
Sounds very good news to me (even if they did get them cheap), I would suggest they may even be adding to their holding.

GLA SR

17/04/2023 4:30pm
UK Regulatory (RNS & others)

Keras Resources (LSE:KRS)
Intraday Stock Chart

Monday 17 April 2023

Click Here for more Keras Resources Charts.
TIDMKRS

RNS Number : 4811W

Keras Resources PLC

17 April 2023

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

Holdings in the Company

Keras announces that it was notified on 13 April 2023 by Chris Grosso from Kershner Grosso & Co. ('Kershner Grosso'), a Saratoga Springs, New York State based Investment Advisor that it had acquired First Uranium Resources Ltd's (CSE: URNM) (KMMIF:OTC) ('First Uranium') entire holding of 8,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") in an off-market trade at 2.5p per Ordinary Share. Post the announcement of 13 March 2023 stating that AxCap Ventures Inc ('Axcap') had sold its entire 5,610,000 shareholding in the Company, neither First Uranium nor Axcap hold a notifiable interest in the Company's issued share capital.

Chris Grosso will hold the shares on behalf of Kershner Grosso which manages in excess of USD400mn on behalf of its clients, investing in businesses in the junior resource sector which tend to be long-term in nature with Kershner Grosso providing ongoing support and guidance as dictated by each management group, until the full value of each asset is realised. Most recently, Kershner Grosso was the largest shareholder in Silvercrest Metals Inc, a Canadian precious metals exploration and production company headquartered in Vancouver, BC with its flagship asset Las Chispas Mine, in Sonora, Mexico. Kershner Grosso clients remain large shareholders in Silvercrest and have seen Silvercrest's share price grow from USD0.10 at the time of its spin out and initial private placement to its current price of over USD7.00.

The Keras Board is very pleased to have Kershner Grosso on board as a cornerstone shareholder. Kershner Grosso's investment philosophy is very much aligned with Keras's growth strategy in the US and the relationship is expected to provide access to new markets and opportunities throughout North America.
Posted at 06/1/2023 23:41 by jimbl
Oh, I'm nailed on certain that a license in Togo would send us north rapidly. Unfortunately there's absolutely zero positivity or indication of that being satisfatorily resolved at any time, let alone any time soon.

As for telling the truth - what's your problem with it? $697,491 annual sales revenue is hardly earth shattering.

As for 'buyers piling in today' the share price closed 12% down. We are now worth 1/6th of the consolidation price. Spin that all you want, but it still sux.

Get some perspective. Fertoz, whose carbon capture model we seem to be following, is a long standing multi mine, multi country organic operator, including the NA market. It's share price presently stands at approx 10p. Its share price was only marginally more (2.8p) than ours currently is before moving into carbon credits/capture etc.

'Kinda suggests that organic fertiliser alone is not the golden ticket some promote it to be.
Posted at 23/8/2022 13:17 by livewireplus
Presume that was the temperature forecast - not the KRS share price forecast - although it is a tad more lively today (KRS SP)
Posted at 05/8/2022 09:30 by rec0very stock
I think it is worth recapping where we have been, where we are now and where we are hoping to go.

We had the successful demerger of CAI, which has left those of us who were in at the time and have not sold with ASX listed shares in a producing gold company. POG has come off its highs but is still way above where it was when the DFS was done. We await the phase 2 DFS which may also update some of the phase 1 assumptions. The current MCap of CAI looks to me to undervalue the company by quite a margin given all the potential resource that is yet to be proven up - a 20+ year LOM is entirely possible. The Lithium is early stage but for the stage it is at looks promising - let's see what Dave can get for it when it lists - aiming for end of 2022 but a lot will depend on market conditions at the time (he is not a forced seller so if the price ain't right he does not have to sell).

The demerger left KRS waiting for Godot in Togo and that was all. KRS is still waiting for Godot in Togo. There remain a range of outcomes from pull the plug totally and write it off, through sell to wash our face and have a small royalty to a miracle happens and Godot arrives. The company is totally realistic about all this and makes no false promises (they have had enough of those from Togo). The bare minimum money and effort is going in to keep all the possible outcomes alive.

A one trick pony waiting for Godot in Africa would have died - some AIM BoDs would have continued milking the dead horse for as long as possible doing placing after placing on BS RNSs just to keep their fees rolling in - the AIM lifestyle companies. Over all its years on AIM, firstly as FRX and now as KRS this has NEVER been a lifestyle company. The BoD has always owned a significant stake and has always put their own money in to support the company and maintain their stake. They have all put far more cash in than they have ever taken out. A bit like being football club owners, without being billionaires.

The KRS strategy is clear. Don't care what it is or where it is, it just has to be low CAPEX and near term cash generative - that in turn means it's going to be small, simple, but with a problem KRS can solve but the current owner can't - they would have done it already if they could.

Diamond Creek. Somewhere totally new - hooray out of Africa and into an area with far less jurisdictional risk. And a product that has a growing market, but never been done before by the BoD in any of their other projects. A local (if you call California local to Utah) JV partner (Shawn) who should know about and be able to market it.

First step - BOD puts their own money in to secure the project and begin to do the things Shawn was too inept to do, including a bulk sample so they had product with which to start growing the market.

Then we had the curse of Shawn. Had the BoD been smart getting in to bed with him? with hindsight possibly not, but the only way into the opportunity was through getting into bed with Shawn. Should the company have told us earlier about the problem with Shawn - I think they pushed the boundaries of AIM rule 11 but did not go over them for all the right reasons - going public does not help solve the problem. Most AIM companies push the boundaries of rule 11 and often go well beyond them. There was a short period where the project proved it was cashflow positive at project level, but overall it was still burning cash.

With the news in the public domain and the cashflow situation obvious, many predicted and expected the usual AIM microcap response - push out BS RNSs do some presentations, get the shares ramped on BBs and call the Broker to get a discounted placing away before Christmas. This period was a pure test of faith and I admit faith is a lot easier to have when you are sat on a load of CAI shares. If you stick the 2 bits back together through reversing the demerger arithmetic KRS share price today is about £1.20.

The BoD did what those of us who had faith in them knew they would. They went dark, they rolled up their sleeves to sort out the problem and, as they have many times before, ran the PLC on a shoestring. There was no guarantee of sucess and, as anyone who has seen them before knows, US litigation battles take years, cost a fortune and the only sure winners are the lawyers. Money was spent on lawyers, but smartly ie not issuing writs and getting into an impossible standoff to see who runs out of money first - I think they both would have.

Finally Shawn see sense and we have the lot. He gets a fair but not excessive pay off, which is still far less than he could have had, had he not behaved the way he did in the first place. Shawn's ineptitute created the opportunity in the first place and further ineptitude has created an even greater opportunity now.

First step to realising the opportunity we now have was raise cash - no surprise. FU coming in at 12p, the BoD putting in at 12p in addition to converting accrued salary at 12p and a fully subcribed Broker Option at 12p all with warrants at 18p sorts that out.

Yesterday's RNS tells us how it has been going since - it has been well commented upon so no more needs to be said.

The key to future success is sales growth - not normally an issue for miners. There is normally a market they can put all they can dig out into and / or an offtake agreement which they satisfy. Sales is the key to everything here and optimising everything to grow sales and increase margins is what gives us and the BoD the reward. It is also clearly the biggest remaining risk. Macro tail winds help, but there is work to do and the right advice is needed as the BoD are miners, who can optimise margins, but not marketers / sales people.

How big is the reward? The Shard assumptions (how valid are any of those now?) gave an NPV at project level of £20m (£10m for KRS share when KRS only had 51%). Hopefully when things are clearer and there can be more certainty in the new assumptions, we will get an updated NPV. I would hope it is greater than £20m, but I don't see how it could possibly exceed £40m - it could end up being less than £20m but still above current MCap, I don't see how it could be less than that on an unrisked basis.

One trick ponies are always higher risk than those with more tricks. The priority has to be, and is, to get the one trick pony doing its best trick. There are other oportunities in Utah, in the US and indeed anywhere in the world. Who know what the world will be like next year? The strategy remains clear and the BoD have shown an uncanny ability to find opportunities that fit the strategy - they don't always work as mining is a risky business, but they will never fail due to a lack of commitment from the BoD.

The BoD has made clear its desire to pay a dividend (they will get quite a bit of their own money back that way). The company is structured so it can pay a dividend (ie historic losses are not an impediment). All it needs is sufficient positive cashflow at PLC level to actually pay it. How much it will be and when we might see it are not worth speculating about at this stage. There are AIM microcaps that talk about paying dividends, but there are very few that actually ever do.
Keras Resources share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com