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Share Name Share Symbol Market Type Share ISIN Share Description
Keras Resources Plc LSE:KRS London Ordinary Share GB00B649J414 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.015 -10.71% 0.125 15,174,076 10:35:15
Bid Price Offer Price High Price Low Price Open Price
0.12 0.13 0.14 0.125 0.14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.47 -0.02 6
Last Trade Time Trade Type Trade Size Trade Price Currency
10:35:32 O 3,852 0.1298 GBX

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Date Time Title Posts
18/1/202110:24KRS Finally Coming of Age1,595
07/10/202013:53Keras Resources (ex Ferrex) - mining gold and manganese in 20161,726
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

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Keras Resources (KRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:35:330.133,8525.00O
10:35:330.133,8525.00O
10:35:080.12269,301326.12O
10:34:570.132,500,0003,125.00O
10:24:470.133,763,2634,704.08O
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Keras Resources (KRS) Top Chat Posts

DateSubject
18/1/2021
08:20
Keras Resources Daily Update: Keras Resources Plc is listed in the Mining sector of the London Stock Exchange with ticker KRS. The last closing price for Keras Resources was 0.14p.
Keras Resources Plc has a 4 week average price of 0.11p and a 12 week average price of 0.11p.
The 1 year high share price is 0.23p while the 1 year low share price is currently 0.07p.
There are currently 4,866,007,851 shares in issue and the average daily traded volume is 21,754,952 shares. The market capitalisation of Keras Resources Plc is £6,082,509.81.
18/1/2021
10:24
tomboyb: GM today to approve to allow headroom for warrants - Directors will subscribe for £110k part of the placing - That maintains 25% of their total equity holdings in KRS -
15/1/2021
08:42
tomboyb: https://www.youtube.com/watch?v=G_6RKAp91k4&feature=youtu.be Tips for 2021 resource sector - KRS at the end -
11/1/2021
16:18
rec0very stock: Mogwhy, Look at the presentation linked to at the bottom of the thread header - gives OPEX as $2.21 / dmtu. There is also this from Shard. Https://www.kerasplc.com/download/30/research-2020/12040/shard-capital-keras-9-9-2020-r.pdf I think it values Utah about right but undervalues Togo. The Togo valuation is only stage 1 and it is valuing the KRS project equity share, however that is only part of the cashflow which comes to KRS as there is also a management fee which I believe is 7.5% of revenue. If you add that in too then NPV of Togo is about double what Shard calculate. Personally I think the MCap of KRS is about right on Utah alone with nothing at all in the price for Togo. Obviously Togo only becomes worth something when the licence is granted. Today's news is really only confirmation that they are doing what they previously said they would do. Some hard achieved sales figures would help when they have them - probably get something with full year results due Feb / Mar. I never try to predict what the shareprice will be or when as it all depends on when the market wakes up. There have been a lot of false dawns and I believe the market wants to see real positive cashflow actually arriving.
11/1/2021
15:24
tomboyb: KRS is funded - The commissioning of the Utah processing plant will increase both our production capacity and flexibility to produce a variety of high grade, organic phosphate products, which will underpin the drive to grow market share whilst driving down costs. Due at the end or before of this month -
04/1/2021
08:50
tomboyb: From LSE: Diamond Creek Organic Phosphate mine at Utah, USA Company now owns 51% after making recent final payment of approx. $300,000. The total payment of $2.5m for 51% ownership by KRS to falcon Isle (who was the sole owner) is a loan and will be paid back to KRS on tranches. Falcon Isle will soon receive shipment of machinery plant and commissioning is schedule to complete in Q1. Once completed, I believe ramping in production will be done swiftly. However, sales of organic phosphate expected to commence in January 2021. Manganese in Nayega, Togo KRS has come through so much in here that I think the directors should not stop for pressing Togo government to make their final decision on permit to exploitation license. Finding out If there is any shortcoming from KRS causing delay should be done and addressed quickly. If the delay is from Togo government, then, I believe directors should be well informed on the progress and KRS to shareholder. But the good things is CEO remain positive about the award of the exploitation permit and believe that significant progress towards a permit has been made, specifically over the last three months. Manganese will be replacing cobalt for increasing power on batteries and the future looks really good with increasing demand and price rising. When the license is awarded, we all know what will be the share price of KRS whilst both organic phosphate and manganese, highly soughted resources comes on the market generating revenues for KRS.
07/12/2020
14:54
zhockey: Ask the share price Alan.
04/9/2020
07:34
edgein: Z, Interesting comparison, I haven't checked those guys out before, mainly just Jupiter in South Africa. Giyani have 1.24Mt at a very high grade of around 27% and a cut off of around 8.9%, there is some over burden on their development. But their PEA suggests US$275m and an IRR of around 80% from a quick read through. Those are impressive numbers when you consider than KRS has x10 that tonnage at around half the grade but its pretty much at surface, no pre-strip. I guess its why many of us hold on so tightly here as Nayega simply isn't in this small cap. Also KRS are more advanced they're ready to go on the drop of a hat (ML). They could also add more tonnage from these two satellite deposits (also high grade and at surface). Interesting times ahead and a good find, with Utah cranking up too even more pressure on the share price. Regards, Ed,
24/8/2020
21:38
rec0very stock: ZH the short answer is yes. With the decree back in Oct it can't be given to anyone else and Togo wants to grow a mining sector - screwing people who have invested in exploration around when it comes to licencing exploitation is not going to encourage anyone else to do anything anywhere else in the country. Togo needs the employment and the money the mine will provide. The FOB OPEX has also come down to $2.21 per dmtu iaw Jul presentation. I asked about that and RL said they have done better deals with the various contractors including the guy who trucks it down to Lome. Basically he has trucks taking clinker from Lome to Burkina Faso returning empty and a bit of arm twisting got him to reduce his costs. They are also talking to a number of interested offtakers - RL has a meeting set up with some guys in Hong Kong later in the week. All it needs is one signature and one counter signature and it is all systems go. There is absolutely no reason why that can't happen, except it is Africa and things happen in Africa when they feel like it. It is about 1/3 of the company dilution but does go up to about half if all warrants are exercised - share price needs to more than double for any warrants to be exercised. They raised more cash than they needed for Utah so will be able to cover other costs quite comfortably - the pot was getting pretty dry and another equity raise to stand still was on the cards about now anyway. If warrants are exercised that will raise the same amount again. Utah is a good place to mine and with a foot on the ground there they are well placed to sniff around for other projects, which they now have spare funds to at least do the initial part of any deal. Everyone agrees it would have been much better if Togo had come through before needing to move Utah to the next stage. However there is no point sitting still waiting for Godot when there is money to be made elsewhere. Mining is going well in Utah and they will dig up far more than the year 1 target with much of that being done in the next few months before the snows come so there is a decent stockpile to mill and supply what will hopefully be a growing customer base wanting high quality fertiliser at the start of the next growing season. So yes in an ideal world we would already have been mining in Togo with the share price much higher and Utah would have come in with far less dilution, but you have to play the card you are dealt and in the circumstances RL and DR have played a blinder with one cash generative project already running at pace and another one just waiting for the starting pistol to go screaming down the track and over take it. Holding Utah back would have been a missed opportunity, given there is nothing more KRS can do to get Togo started.
02/8/2020
08:49
5teadyeddie: This is a very welcome deal after ten years of pain, but it is as yet very small. 5,000tpa is 100t per week - a one excavator and one truck operation. But with RL and DR leaving their loans in shares it shows their faith. Two observations: the market size figures given in the RNS are retail values: what KRS receives will have to allow for significant retail margins, maybe as high as 50%. The share price Angel sales figure of $362/t 'premium price' is hopefully what KRS will receive but needs to be treated with caution as yet. They may be no profit or cash flow in low-volume year 1. Secondly, looking at the map there appears to be potential of additional underground resources connecting the identified blocks, which would extend the LoM or, more likely, increase production. FWIW, I spent an hour with RL discussing Goldplat when he took over there, and I think he's highly trustworthy in a sector full of sharks. Also, I'm guessing that an investment of $350k is material to him. So this feels like a great deal. Good luck to all!
30/7/2020
23:51
rec0very stock: NPV is the sum of the discounted cash flow and if the market is valuing it properly it should be at a risked NPV. Cashflow starts off small because quantities are not large but are projected to grow - you need to think about is as a new high quality brand of fertiliser that is looking to gain market share in growing market, not like something traded on spot / futures markets. Operating costs are quite high until production grows to provide economies of scale - production grows to meet demand so if demand is not there production stays small, if demand booms production can grow faster to meet it. I flat profiled at the 5 year target, but there is no reason why it could not continue to grow for longer. With a 60 year LOM at the 5 year flat profile level, growing to double the projection would still give 30 years - I just ran the NPV to sum over 15 years. There are 3 items of CAPEX which coincide with the 3 tranches of debt. Further improvement to the road. Buying their own plant - both improve quantity and reduce cost and should be done fairly quickly - I would expect both to be done early in the New Year, though the area does get quite a bit of snow in winter. The last bit which is not until Q2 2021 is proving up more resource to JORC standard. This gives more confidence that quality of product will be maintained and provides credibility if they want to sell it / secure bank debt on it. Cash should start to flow back to KRS in the form of debt repayment towards the end of the year and continue for 3 to 4 years until it is all repaid then it flows as dividends. I hope that answers your question, I don't want to give any more detailed figures as they would be guesses founded on assumptions which are in turn based on guesses. I did see a figure of $5m EBIT in year 5 in my research, but I can't remember where I saw it - KRS share is 51% of that. Togo remains the jewel in the crown of the KRS portfolio, if we can get the permit to start mining - I remain convinced it is just a matter of time, but it has been a very long time already with many unfulfilled promises on the part of the Togo govt. Hopefully share price Angel will put out a note at some point which does give some better figures.
Keras Resources share price data is direct from the London Stock Exchange
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