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| 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% | 2.55 | 0.00 | 08:00:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 2.40 | 2.70 | 2.65 | 2.55 | 2.65 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Iron Ores | 916k | -475k | -0.0059 | -4.32 | 2.05M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 2.55 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 31/10/2024 | 16:04 | UK RNS | Keras Resources PLC Holding(s) in Company |
| 31/10/2024 | 16:03 | UK RNS | Keras Resources PLC Holding(s) in Company |
| 29/10/2024 | 07:00 | UK RNS | Keras Resources PLC Subscription to Raise £372,500 |
| 26/9/2024 | 12:30 | ALNC |  EARNINGS: Ebiquity bemoans poor conditions on swing to interim loss |
| 26/9/2024 | 06:00 | UK RNS | Keras Resources PLC Interim Results |
| 23/9/2024 | 06:00 | UK RNS | Keras Resources PLC Operations Update – Diamond Creek Project |
| 01/8/2024 | 06:00 | UK RNS | Keras Resources PLC Commencement of commercial production at Delta |
| 26/7/2024 | 13:33 | UK RNS | Keras Resources PLC Result of AGM |
| 03/7/2024 | 10:55 | ALNC | EARNINGS: Team in "stable" second half start; Duke Capital profit down |
| 28/6/2024 | 10:19 | ALNC | IN BRIEF: Keras Resources celebrates hot commissioning of plant |
Keras Resources (KRS) Share Charts1 Year Keras Resources Chart |
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1 Month Keras Resources Chart |
Intraday Keras Resources Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 01/11/2024 | 00:19 | KRS Finally Coming of Age | 3,596 |
| 05/4/2022 | 20:10 | Keras Resources (ex Ferrex) - mining gold and manganese in 2016 | 1,753 |
| 15/12/2017 | 01:25 | Keras Resources (LON:KRS) shallow resources that can be extracted easily and con | 617 |
| 27/9/2017 | 10:42 | ASX listing stinks! | 8 |
| 01/7/2016 | 13:41 | Ferrex KRS | 63 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 21/11/2024 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 2.55p.Keras Resources currently has 80,497,177 shares in issue. The market capitalisation of Keras Resources is £2,052,678. Keras Resources has a price to earnings ratio (PE ratio) of -4.32. This morning KRS shares opened at 2.65p |
Posted at 31/10/2024 20:27 by the skipper Just seen the two late RNS’s. Begs the question how did they manage to get that much stock without driving up the share price? Must have been off market transactions with a large holder imo. |
Posted at 23/9/2024 10:10 by apotheki SP Angel . Morning View .Keras Resources* (KRS LN) – 3.20p, Mkt cap £2.58m – Diamond Creek Phosphate Project, USA - (Keras holds 100% of the Diamond Creek phosphate mine in Utah, USA) Keras Resources reports the restart of mining at its Diamond Creek Phosphate Project, Utah, USA. The mining campaign will run till end November, eg before the snow sets in. The Delta Facility is currently operating at full capacity, on a single shift basis. Mining starting later than usual due to management focus on the Delta Facility construction, commissioning and production ramp-up. The mine has already produced 3,000t with plans to mine a further 3,000-5,000t of rock phosphate by the end of the mining campaign. The plan is to truck this material to a laydown area at Diamond Creek with crushed run-of-mine ore progressively hauled to the Delta Facility before winter snowfall. This material will be milled to 10 mesh and 50 mesh for direct sales and will also provide feed for the new granulator plant to produce 240SGN PhoSul®. Phosul is currently selling for $40 per 25lb (11kg) bag on Amazon in the US or £31 in the UK through theseedsupply.com. The mining campaign will ensure sufficient ore for in-house sales as well as feed to the joint venture with PhoSul which 3,500-4,000t of PhoSul® this year. Power: Connection to 3-phase power will replace 600kW of diesel generation as soon as is practicably possible reducing power costs and CO2 emissions. Manganese: we await news on the restart of the Nayéga manganese mine by the government of Togo where Keras holds a 1.5% royalty advisory fee plus 6.0% of gross revenue from the mine over the lesser of 3.5 years or 900,000t of beneficiated manganese ore sold.. The deal with the Togo government should give nearly $0.9m a year at a price of $3.5/dmt for manganese and production of 7,480tpa equating to some $2.6m over three years. Manganese ore prices for 38%min FOB South Africa have slipped to $3.65-3.80/dmtu from in July to $4.07-4.22/dmtu from 3.47-3.62/dmtu at end June. We note Manganese concentrates are subject to a 25% import tariff into China from this year. The recent jump in manganese prices should be good for Keras assuming the government of Togo starts production from the Nayéga manganese mine. *SP Angel acts as nomad and broker to Keras |
Posted at 02/9/2024 18:05 by tim000 I’ve been adding a few more shares, including today. Recovery’s feedback from the AGM was that cashflow should cover all known liabilities going forward. Nothing of course is certain, but if that’s the case then the company must be expecting to generate cash from operations of at least three-quarters of a £1 million next year to cover the final payment of $800k, plus any capex. At the current share price, that alone puts the company on a very low forward p/e. The promised broker’s note later this month (with profit forecasts guided by the company) could be a transformational event. |
Posted at 01/7/2024 11:27 by rec0very stock The decision to ramp up and the responsibility for funding the ramp up now sits with Togo Govt. I think we have all learned not to count our chickens when it comes to Togo Govt.A properly worked out note which gives low, best and high estimates of net cashflow to KRS for both revenue streams is desperately needed if KRS share price is to have any chance of reflecting true value. After what has happened at CAI, I for one really need KRS to deliver. |
Posted at 01/6/2024 22:31 by tim000 Skipper, thanks for your posts. I can’t understand why anyone would pay KRS $1.7mn cash and then sit back and do nothing while the Manganese ore price hits record highs. I don’t care who the President is, they would have to be a lunatic to procrastinate on appointing a contractor at Nayega. The fact that they have announced a competition to tender, with a quick deadline, suggests that isn’t so. I understand this is Africa and that has to be taken into account, but if the contract is awarded to a competent firm then there is a chance that KRS might get some payment at a time when it has real value. But in any case, having the backstop of a committed and supportive investor in the business is a major plus. As has already been pointed out, they don’t demand death spiral terms either. And the phosphate resource is substantial. This all suggests the share price still has a long way to go - as Grosso believes too. |
Posted at 29/5/2024 07:35 by tim000 In that placing, an institution named First Uranium became a shareholder. Almost exactly a year later they sold out, selling 8mn shares to Grosso @2.5p! I would guess the fund manager at FU left and his successor had a clear out, as they do. How did Grosso, who lives in Florida, become acquainted with KRS? One might speculate that an exiting FU manager might be involved? Anyway, terrific business for Grosso, who hopefully projects KRS to be another Silvercrest-type success in the fullness of time. Diamond Creek has 3mn tonnes of high-grade phosphorus pentoxide accessible by opencast mining, no doubt with more reserves waiting to be booked. KRS hasn’t produced a NPV calculation of the resource, but maybe Grosso has and it would be an awful lot more than KRS’s mkt cap, hence his enthusiasm. |
Posted at 26/5/2024 14:35 by tim000 Christopher Grosso, on behalf of his fund management business Kershner & Grosso, holds 13.7mn shares (17.0%). Grosso has a good track record in small caps, eg a KRS RNS mentions a ca 100 fold share price increase in his investment in the silver miner Silvercrest. 8.0mn shares were acquired off market @2.5p, the other 5.7mn shares seemingly were acquired on market between June and November 2023 at share prices of ca 4p, giving a weighted average of ca 3.1p. His family has subsequently provided about £600k of debt finance, half of which is a CLN convertible at 4p (equivalent to a further 7.5mn shares if converted). The Grosso family direct and indirect shareholding would then increase to 24%. So a very successful US entrepreneur has made a large vote of confidence in the business, and no doubt will provide further funding if needed. Moreover, the recent spike in the manganese price and progress at Nayega is all post the Grosso share acquisitions. Next up is some news on commissioning the new milling plant - expected in late May - and news on the Nayéga tender process - possibly in June/July. |
Posted at 25/5/2024 08:19 by tim000 I’ve only recently discovered that a very large manganese mine in Australia majority owned by S32 was severely damaged by a cyclone, and is expected to be out of action for around a year. In consequence manganese ore prices have roughly doubled due to supply shortages. It’s unlikely these shortages can be closed for some time. S32 apparently has other production facilities, so has benefited from the much higher prices and hence might not be in any rush to spend large sums restoring the mine damaged by the cyclone. Togo thus has every incentive to get Nayega into production asap. Share prices of manganese miners have risen strongly; it appears that, like me, the market has not picked up on the potential value of the Togo mine to KRS. |
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. |
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