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KYS Kryso Res

32.375
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Kryso Res LSE:KYS London Ordinary Share KYG532181065 ORD USD0.0001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 32.375 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 32.375 GBX

Kryso Resources (KYS) Latest News

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Kryso Resources (KYS) Discussions and Chat

Kryso Resources Forums and Chat

Date Time Title Posts
22/11/201312:16Kryso Resources13,220
12/5/201310:30Kryso Resources - Gold, Nickel and Copper473
18/10/200215:13KEYSTONE; VOTE NO TO THIS DERISORY OFFER>>50
15/5/200209:57Keystone Offer - Help Required Please2
08/3/200217:40KEYSTONE RESULTS/ MERGER110

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Kryso Resources (KYS) Top Chat Posts

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Posted at 29/10/2013 13:48 by c9ajl
Kryso Resources Corporation Limited(?Kryso? or the ?Company?)AIM: KYSRESULT OF GENERAL MEETING AND CHANGE OF NAMEKryso Resources Corporation Limited (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that, effective today, and following the general meeting of shareholders of the Company held earlier today where the proposed resolutions were duly passed, Kryso Resources Corporation Limited has been renamed China Nonferrous Gold Limited?????????? (?CNG?).It is expected that the Company?s TIDM code will change from ?KYS? to ?CNG? with effect from 1 November 2013 and its ISIN and SEDOL numbers, being KYG532181065 and B99JTK3, will remain unchanged.The Company?s AIM Rule 26 website can now be found at www.cnfgold.com.Project SummaryThe Pakrut gold project, of which CNG has 100 per cent ownership, is situated in Tajikistan approximately 120km northeast of the capital city Dushanbe. Pakrut has estimated total JORC compliant resources of 4,720,000 oz Au (assuming a cut-off grade of 0.5 grams per tonne of gold) and is located within the Tien Shan gold belt, which extends from Uzbekistan into Tajikistan, Kyrgyzstan and Western China, and which hosts a number of multi-million ounce gold deposits.CNG is currently in a construction phase with mining contractors on site developing the underground mine and surface infrastructure. CNG has completed building a number of new bridges and roads up to site. Tenders have been completed for the large items of plant equipment and contracts are now being finalised with successful tenderers. Infrastructure construction began in October 2011 and construction of the mine commenced in September 2012. At the same time exploration is continuing with four drill rigs currently operating in the Pakrut Licensed Area drilling at Eastern Pakrut, Rufigar and Sulfidnoye.
Posted at 25/9/2013 19:56 by carlos panda
doldrums |ˈdɒldr01;mz|

plural noun (the doldrums)

1 a state or period of stagnation or depression, e.g.: the KYS share price has been in the doldrums for the last twelve months.
2 an equatorial region of the Atlantic Ocean with calms, sudden storms, and light unpredictable winds.

ORIGIN late 18th cent. (as doldrum 'dull, sluggish person'): perhaps from dull, on the pattern of tantrums (which is what I'll be having if this continues for another six months).
Posted at 17/7/2013 08:37 by ned
CP

The brainstorming meeting, if it can be described thus, certainly looks encouraging, with a nice orange banner thrown in to show their aim. I think the fact that the UK holdings are probably small now is no bad thing either - the Chinese interests are hopefully a strong partnership with a common goal, and the more interest that they have in the project hopefully translates into commitment. The high profile of the project and the relative "luck" we have had with the share price not collapsing as the shares gradually change hands, certainly gives me some confidence in holding (at a time when a bit of confidence doesn't go amiss).

I was concerned at losing the London listing, but expect they just see the move as being away from an AIM listing with little benefit going forward compared to that offered by HK, and hopefully with a large number of potential investors to boot. Kryso or New Kryso may not explode onto the HK market but at least there is some potential for it to do so if Chinese funds need to have a weighting.

Perhaps a decent rise in the share price will provide a nice cushion for your trip to the HK AGM!
Posted at 01/7/2013 08:31 by carlos panda
legg96

Apologies for my all too hasty appearance - I had intended to arrive around 1pm in order to meet other shareholders but ended up spending 3 hours slogging the 60 miles up the M3 and then had a commitment at 4pm. So much for Sunday traffic!

I find AGM type Q&A sessions tricky for both those asking the questions and those answering them, mainly due to the disparate knowledge levels of the various attendees but also because management obviously have to be rather more guarded in their responses. That said, Craig certainly appeared to do his best to provide straightforward answers where possible. I had rather hoped although not expected that perhaps the chairman, Tao Luo, might have attended.

I also was somewhat surprised at the range of figures mentioned for a possible market cap / share price pursuant to the HK listing ($300m - $500m, i.e. x2 - x3 current). It's not that I see such a level as fundamentally unreasonable, rather that the recent (and continuing) departure of UK shareholders may lower the reference price for HK investors. Still, as Craig indicated, the company received very positive feedback during their HK presentations so perhaps a starting point of HK$ 6+ is achievable with my 2017 target of HKD 15 not too unrealistic.

All in all there was nothing much new that came out of the meeting but the chance to clarify existing issues is always useful. It's also helpful to have an opportunity to get 'bigger picture', albeit more soft focus, feedback (something that often seems to get lost in the detail of RNS announcements) e.g. CNMIM's political and financial connections, regional M&A possibilities, a 250k oz pa company.

In summary:

1. HK Listing. This will happen sooner rather than later this year and should help KYS achieve a more realistic valuation.

2. Funding. KYS will have no problem raising the additional equity / loan funding at good prices / reasonable terms for the enhanced Pakrut mine plan or indeed for M&A.

3. Subscription Bonus Tax. This is expected to be agreed towards the lowest end of the possible range.

4. Resources. The ITR contains much of the 2012 drill results, although not using independent laboratory figures. The full resource update is still awaited but will show increases in measured and indicated (from inferred) as well as data from East Pakrut and Rufigar.

So, despite short term UK investors still heading for the exit, IMO the future still looks very positive.


CP
Posted at 28/6/2013 12:45 by carlos panda
Not many I suspect.

IMO the share price would have been much stronger recently if the company had decided to dual list for a year or so, thereby giving UK shareholders more time to either sell their holdings or transfer their shares to HK.

There may be good legal or financial reasons for the UK delisting but it seems that the only beneficiaries at the moment are those who are buying (Zhao Bin?).

The share price weakness will also have an undesirable effect on the placing price (even though this will doubtless be in HK).

I am hoping to attend the AGM on Sunday. Is anyone else thinking of going? I understand that it is being held in a telephone box this year!

CP
Posted at 10/6/2013 17:44 by carlos panda
Is it surprising that KYS wish to move to HK? Good progress reported, every prospect of an excellent return over the next couple of years and no interest whatsoever in the UK!

KYS clearly isn't dangerous enough for the average AIM punter (addicted as they are to making large losses)...

Is anyone able to provide details of current short positions in KYS? It would be intriguing to see whether the recent share price weakness is due to shorts taken out since the 20/05/13 Zhao Bin holdings announcement. Any such shorts look pretty risky to me as a holdings announcement doesn't mean that he has finished accumulating stock.

I think it safe to say that our Chinese co-investors are probably in a much better position to assess the value of KYS as an HK listed company than us LSE-centric folk. (;

CP
Posted at 21/4/2013 16:19 by carlos panda
augustusgloop

OK, I don't think we disagree on the basics here. To break this down:

1. Mining companies around the world have, almost without exception, over-estimated output, under-estimated (mis-categorized, concealed etc) costs (capex, sustaining capex and operating), over-paid for prospects and repeatedly and massively diluted shareholders.

2. AIM has proved to be a superbly crafted mechanism for transferring funds from gullible outsiders to incompetent, often crooked businesses and their grasping hangers-on.

Ergo...

3. Only invest in businesses where you can have some confidence in the professional experience and personal integrity of management.

4. Value such a company based on your own calculations (however inadequate) rather than listening to either the corporate boosters or the great unwashed.

However...

Right now (i.e.: with available information) I am projecting an eps for KYS of 16p for 2018. This may of course prove to be wildly inaccurate but that is an entirely different discussion. Further 2018 assumptions: KYS is competently managed, has a LoM to 2030 or later and is HK listed.

So now the question for me is how many years of post tax earnings will a Chinese investor be prepared to offer me to part with my KYS shares? I have estimated 8 based on current HK P/Es but it could equally be 4 or 12 (or 0). No matter how over or under valued companies may be on AIM my personal target share price relies on HK. In fact I would be quite happy if KYS de-listed from AIM given how easy it is to hold & trade overseas shares these days.

CP
Posted at 21/4/2013 14:26 by carlos panda
augustusgloop

I'm not sure I understand your question. Are you agreeing that AIM is a graveyard of (not only!) gold mining companies (also TSXV)? Perhaps the point is "How many gold miners (producers) on AIM are profitable?"... to which the answer is VERY FEW (AR., MIRL, PAF, AMA, OMI, GDP, AAZ, STI, OVG, PGL etc n.b. listed from memory not current knowledge so may be incorrect). Once a company starts to produce gold it understandably wants to escape AIM ASAP, either to a main listing , an overseas listing or both.

Without trying to ramp KYS, my points are simply that: 1. KYS should move its tax domicile to a lower (than UK, not greater than 15%) rate country (I suppose this might conceivably be to HK given the CNMIM connection) thereby immediately increasing post tax profit by some 13%; 2. There are far fewer gold miners listed in HK which will lead to a higher profile for the company; 3. The Chinese have a traditional interest in gold as an 'asset class' so may view a locally listed KYS with a less jaded eye than UK / Canadian / Australian investors.

IMO it would make more sense for KYS to be listed in HK, either in addition to AIM or possibly even instead of AIM.

Extract from my post 12868:
"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."

Extract from my post 12825:
"I am still forecasting eps of 16p for 2018 onwards (at USD/GBP 1.60). With a secondary listing on a stronger, more relevant exchange I can see a P/E of 7 - 9 as quite achievable. Ergo an share price of 112p - 144p."

CP
Posted at 10/4/2013 09:30 by carlos panda
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
Posted at 03/12/2012 15:30 by carlos panda
If the KYS share price were on a heart monitor I think it might be about to flatline!
Kryso Resources share price data is direct from the London Stock Exchange

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