Kryso Resources Share Discussion Threads

[carlos panda] 15/4/2013 11:30

smarm

I'm impressed by your ability to crash the PoG so that you can re-buy KYS on the cheap! Clearly fiends (: in high places...

CP

[charles clore] 15/4/2013 11:05

You are with me darling x

[smarm] 15/4/2013 10:59

icejelly - look at the price of gold mate.

Charles sweetie - I'm in.

S

[charles clore] 15/4/2013 10:56

Couldn't resist a few more myself!

[carlos panda] 15/4/2013 10:24

IMO unlikely to be a delay / resource / BFS news leak (I think we are all pretty aware of the likely parameters of upcoming news). More likely related to the scandalous bear raid on gold so either a 'dash for cash' or a need to cover other positions. In any event volume is low (less than 150k so far).

Until very recently KYS has been easily one of the best and most stable small gold companies around but even success stories like MML have been hit badly of late.

[icejelly] 15/4/2013 10:09

Some news leaking out?

[carlos panda] 15/4/2013 09:03

Re: a secondary(?) HK listing, for those interested in such matters, when I last looked (February 2013) there were only 6 active, producing HK listed gold miners (2099, 1051, 3330, 0246, 1818 & 2899.HK) with P/Es 16.22, n/a, 6, 7.85, 14.83 & 8.5.

Whilst one certainly might question the value of extrapolation from such a small set of figures (average P/E 10.68), it is clear that KYS could have a far higher profile as a gold miner in HK than would be the case in the UK.

[andrewsr] 15/4/2013 08:43

Meadow2, I was referring to the presentation on their website (www.kryso.com) which is dated 10 April 2013.
Thanks for your comments, Smarm.

[meadow2] 15/4/2013 08:15

I can't find a 10th April announcement. The latest news is on 18th Feb. what am I doing wrong?

[smarm] 15/4/2013 07:33

Andrew - yes, nice to meet you too.

The video was a cleverly produced mock-up, nice but irrelevant.

I was introduced to their new PR. Hopefully new man on the job will be positive.

The presentation says production 1st half 2014. Verbally Craig said 4-5 month delay caused by what appear to be run-of-the-mill delays....a learning curve working in the area.

My guess is that it's going OK and the update in next few weeks will be positive. In terms of production date, we have another winter to negotiate but if things go smoothly from here (and they won't of course) they might - my view only - get things going by end 2014 and earlier would be a result.

We talked about costs and Craig defends the stated fact that they are a low cost producer (I can't remember the exact fig we're up to but I don't think it was more than $600 poz), so whether gold is at 15,14,13, or 1200 dollars has no impact on the feasibility of the project.

All in all then: good.

I will buy back.

S

[andrewsr] 14/4/2013 09:24

There's a new presentation on the website dated 10 April 2013.
They also presented a video of the mine construction - I'll ask them if that could also be placed on the website.
They said they would also have a stand at the Master Investor show on 27 April.

[rrr] 13/4/2013 19:34

Thanks from me too, rrr

[charles clore] 13/4/2013 19:23

Thanks andrewsr

[carlos panda] 13/4/2013 18:14

andrewsr

Many thanks for the feedback. It all looks pretty much as expected apart from the timing of the 2012 drilling results & the BFS update, but these 'delays' are of course not significant in the long run.

The long-anticipated HK listing should facilitate a closer approximation of true value for KYS once full production commences.

[andrewsr] 13/4/2013 17:04

Kryso were at the UK Investor Show today and gave a short presentation. As expected drill results, a reserve upgrade and revised BFS will be announced in the next month or 2. Also, a more positive up-date on the mine construction due in the next week or 2 and a listing on the Hong Kong stock exchange is well advanced and another announcement should be made soon. The additional listing is expected to boost the share price as there is a lot more appetite for gold mines with Hong Kong investors, especially mines controlled by the Chinese and in a country bordering China with heavy Chinese investment.
I think one of the above announcements is due next week, but not sure which one (sorry!).
Nice to meet Smarm (?), hope to hear your views on Kryso in the near future.

[carlos panda] 10/4/2013 08:30

Niels

Given that many parts of the market no longer appear to be forward-looking, you are probably quite right to wait until production is much closer before re-opening your position. For my part I have always been too 'sticky' with my investing - not good at moving in and out of my core portfolio despite this often being the most rational behaviour.

The next 18 months at KYS could be tedious (at least for the sp) unless management make a real effort to change their approach to news flow.

This is not to say that the share price in 2017 will not be multiples higher than it is now but certainly the share price graph could look very different depending on their investor relations strategy.

In my view, management competence (which KYS enjoys) may be a necessary condition for success but it is by no means a sufficient one. Management also have to be seen to be competent (even if this sometimes can feel like an unwelcome distraction to a company that is already fully funded like KYS) and a premium appears to attach to the few companies that get this right.

I too will be interested to see how SHG progress.

CP

[nielsc] 10/4/2013 07:22

Carlos,

Still out of KYS, but keeping an eye on things. Probably open a position again just as before and after they start production. The market can be notoriously slow at reacting to news sometimes.

Like your "mushroom managment" statement. Keep them in the dark and feed them sh*!
:-). Not that you are referring to KYS, but many AIM companies do. Look at SHG which misdirected investors quite badly. Thankfully that board has been mostly replaced with straighter talking management with more realistic targets.

Cheers,
Niels

[novicetrade68] 09/4/2013 14:11

If we take the last 'broker update' at face value then all there is to conclude is they still don't have an accurate lead time on whatever that needs to be imported. May not be the end of the world, but increasingly makes producing in 2014 unlikely imo.

[carlos panda] 09/4/2013 13:51

ODR

I think the point is that it really shouldn't be about individuals e-mailing the company or trying to tease out information at investor presentations (although I'm sure Craig Brown would be as helpful as ever in both cases).

What we need, despite the (small) cost, is regular, albeit on occasions even dull, news flow to reduce the need for unsettling speculation. The two most easily avoided mistakes that companies (especially AIM miners) seem to make are:

1) not establishing and maintaining an effective investor / market communication channel (ongoing - not just when they need to raise funds!),
2) not publishing realistic project schedules, production targets and costs.

I believe this undesirable approach is sometimes referred to as 'mushroom management'!

[icejelly] 09/4/2013 08:53

Yes a bit worrying that there has been no news. Remember that it is the Chinese running this now. Still any sold shares seem to be mopped up (looks that way round) and the share price is holding up.

[carlos panda] 09/4/2013 08:41

It has now been 7 weeks since the delay announcement and still no further news.

IMO there can be no excuse for such poor investor relations from a company with a market cap in excess of £100m.

Whilst I am sure that KYS management are fully focused on developing the mine, it still remains essential that communications be improved if the company is to be taken seriously.

Time to grow-up.

[icejelly] 02/4/2013 11:05

Slightly worrying that we haven't heard any more about the delay. But the share price is holding up.