Kryso Resources Share Discussion Threads

[onedayrodders] 26/2/2013 13:57

Nice chart Charlie, keep em coming, thanks.

[charles clore] 26/2/2013 11:17

Folks, that is the nature of the beast I'm afraid. Kryso has always been bad, no terrible at PR! For what it's worth, delays in mining are an everyday occurrence. I don't think ours should be a cause for concern.
Interesting to note the chart. We are still in the middle of an upward trend channel and that appears to be very solid indeed.

[novicetrade68] 26/2/2013 09:59

Whatever they'll say in the next update I'd think chances are quite high we will go down again from here, since this is trading now at more or less the same price before last weeks' news.

[onedayrodders] 26/2/2013 09:52

Still holding but agree with smarm .. that whole episode has shaken my confidence. The next RNS had better be professional and regardless of delays at least give the impression they are in Control instead of the perception of them being woken up at 3am with 10 seconds to put a RNS together.

[smarm] 26/2/2013 08:18

No sweetheart, I really don't like what happened last Monday.

S

[charles clore] 22/2/2013 11:46

S - are you back in yet? Don't leave it too long darling x

[ifthecapfits] 21/2/2013 15:39

Well POG seems to have found its footing agian. China will be loading up at these levels for sure!

[smarm] 21/2/2013 13:24

tiswas - yes, that's the sum of it. Add to that gold price tumbling, unquantified delays and KYS price rises.

One has to have a sense of humour to be in this game.

S

[tiswas] 21/2/2013 09:21

So we are being told by everyone except the company what is happening?

I don't get it.

[c9ajl] 19/2/2013 11:04

I can recommend registering via the company website for the News Service (apologies to those who have already registered).http://kryso.com/Subscribe%20to%20News.cfm

[smarm] 19/2/2013 10:52

Uncle J - like you I've known Craig for a long time and he's a good egg. We've had our fair share of feisty encounters but I really admire the persistance he's shown over the years. I have little doubt that one day this friggin' mine will produce gold!

Abacus was the voice of reason yesterday.

Any delay is undesirable but not unexpected. The market always overreacts and, on balance, so did I! Investec has given us the detail, so now we await guidance on new production date.

I said yesterday I am happy to buy back when we have a new production date and that is still the case.

The voice of reason is back.

Charles - see you soon honey.

S

[uncle john] 19/2/2013 10:50

Having read the Investec note, Thank you to the guys who posted the links so we can read the original.
It is a mystery why the analyst was able to quote more detail than the company in their RNS.
Perhaps it is the 'fault' of Investec?
Might they have released facts that should not have been released?
Naming the contractor will not, in my opinion, help on site managers solve the problems.

But I don't really mind too much, I have a fair few of these shares and am looking for ~45p when Definitive Feas is published with the latest resource/reserve estimates and grade details.
Thereafter depending on gold price, cost of finance and other factors 70p seems a reasonable estimate in 12 months time. (I think the mine life will be longer than estimates).

Some may remember that I have also thought the Ni at Hukas has a real value. I hope that in 12 months time we shall see drilling for Ni.

[abacus23] 19/2/2013 09:41

It's funny you should say LOQ.

That was the one i was thinking of, when i said "There all the same"

Not quite all the same.

[smarm] 19/2/2013 08:55

abacus - I mostly take it all on the chin but this one got to me. I've done really well on RGS and LOQ recently; no nonsense on either of those.

S

[abacus23] 19/2/2013 08:17

Smarm,

Yep. Was waiting for decent levels in my AIM companies then start to move funds to more FTSE 350 companies.

There all the same. (Well the ones I watch anyway).

[abacus23] 19/2/2013 07:48

smarm,

I wasn't expecting one, and so far nothing..........

I believe KYS think the investec note will confirm what has happened.

The only detail left, is whether it is 3-4 months or 5-6 months delay.

I would prefer the board goes back to 2 posts a day, that means KYS are progressing nicely and there are no problems.

[charles clore] 18/2/2013 22:48

S - don't stay away too long darling x

[smarm] 18/2/2013 22:21

Anyway, hopefully they will be able to update us on the length of the delay and this thread can then go back to being a quiet retreat.

I will nurse my small but perfectly formed loss of profit and be back when I've got over my irritation at this whole thing.

S

[abacus23] 18/2/2013 19:29

-10% for equipment delays, as discussed earlier. "The delayed start relates to logistical issues that the Chinese underground contractor (15th MCC) has experienced in terms of delivering all of its equipment on site"

This should have been in the RNS.

Would have helped I believe.

[c9ajl] 18/2/2013 17:49

Delayed start-up has negligible impact on target priceKYS announced today that it would not meet its previous target of completion of construction at Pakrut by Mar'14. In our view, the market reaction has been excessive, with an assumed delay in start-up having only a mild impact on our valuation and target price. KYS aims to advise of a new target date in due course. Meanwhile it has ample cash and available debt facilities to continue with development of the project. Maintain Buy. ¢ KYS announced today that it had experienced delays in construction activities at Pakrut, with the result that underground construction is unlikely to be completed by Mar'14 as KYS had previously guided. We had only assumed production from the 2H'14.¢ The delayed start relates to logistical issues that the Chinese underground contractor (15th MCC) has experienced in terms of delivering all of its equipment on site. Without this equipment, it has not been able to make satisfactory inroads into development of the underground decline. KYS has meanwhile seen good progress from other components of the project's development, including the road to site and the on-site accommodation camp.¢ While KYS aims to advise of a new target date in due course, we have taken the precaution of delaying our assumptions even further and have assumed start of production from the end of 2014, with first impact on the P&L from FY15E.¢ Our target price is made up of an equal blend of sector relative valuations and NPV. While the assumed delay has had a 6% impact on the NPV component of our TP, this has been offset by an appreciation in the peer group multiples. The full research note can be found here:http://investecsecurities.force.com/SingletrackCMS__DownloadDocument?uid=9366a042-4d2e-407d-9709-0828d2417b1a&docRef=4fb2def3-c693-4d17-8a58-6603d55ef5af&jobRef=76ca87d2-2768-4f5e-a1ba-d642efc5d5cc

[novicetrade68] 18/2/2013 17:30

LOL How can Investec already put a new target price up when we don't yet know what's causing the delays and how it will affect the construction timetable..

If for example construction is expected to finish in Q3 2014, that will effectively mean they probably won't be pouring gold till Q1 2015, which would be a major disappointment if that turns out the case (bearing in mind that a year in Kryso land only lasts 7 or 8 months or so due to the weather).