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Haha, just as I said we shouldn't expect any news overnight, we get news over night!
I think the buyer apathy is mostly as this is only a resource statement and is broadly already known. The 'intent' is a nice to have, but the market will probably want to see the Feasibility Study and, given track record, probably tangible first quarter proof of success before responding.
It's going in the right direction.
Hey Prop, not as easy a task as it sounds. I'll have to dig up some old projections, compare the production numbers and recalibrate to the new obscenely large shares on issue.
I'll get round to it.
A tasty RNS re : bringing Nullagine into production no later than Q1 2025 with absolutely no hedging (hallelujah 🙏😂). Who would've thought it 🤔. Only at Calidus though would a fantastic RNS like that be met with such investor apathy and nil impact on a beleaguered share price. We'll see if DR can regain trust. :o).
Marky, What were the original share-price assumptions - it was so long ago?
That's the biggest issue. That hedge was devil and the deep blue sea stuff. It certainly seems the open pit resource modeling was the problem. We now seem to be in position to hit the BFS grades, but the mining plans (and finance plans) didn't seem to take into account the need to manage lower grade overburden or the capital intense pit cutbacks.
A pretty significant error, but it sounds like there were a few different consultants and geos that provided confirmatory assumptions.
Fingers crossed it'll take us where we wanted to be. Albeit maybe a year or two later than planned.
I'm cautiously optimistic that the potential of Nullagine on top of our other assets could see original share price assumptions smashed - albeit as a result of extensively greater asset holdings.
Just imagine where we could have been if we'd hit expectations AND THEN picked up Nullagine on the cheap?
Hey ho, junior miners are never risk free.
Improvement welcome for all Marky. If only they didn't have the ridiculous Gold hedge in place (fully realising that it was a necessary big part of obtaining the original finance deal from Macquarie bank to build the plant in the first place. :o).
A very busy period in the rear view mirror sorting the refinance. Signs they're now on track, with WGP pit now hitting straps with expensive land moves complete, and the Blue Bar pre to be processed.
June quarter report should be very nice indeed.
Not too fussed about low news levels since sorting finance and cutback, should be in solid cash generation now, and maybe some exploratory and conformation works at Nullagine - my point being, that's not an 'overnight' exercise.
We all just need a little patience on that one now.
Still a very poor show. Needs to change. Hopefully from this month onwards 🤞. :o).
All very positive!
Fingers crossed and eyes peeled for the Nayéga next steps
Expecting big things here after all this time :)
GLA - EP
Nobody selling then, I wonder why ;-)
Next RNS Monday 10th June then ......
"The services expected from the successful bidder include the management of all mining and processing activities at Nayéga and a total logistics solution from mine to port. The tender process closes on 7 June 2024 and requires the successful applicant to be fully mobilised within 6 months of the tender award. "
GLA SR
Commissioning of Integrated Delta Processing Plant
Keras Resources plc (AIM: KRS) ("Keras") is pleased to announce that dry commissioning ("C1"), of its Integrated Granulator Plant ("Granulator Plant") at its newly acquired Delta processing facility ("Delta") has commenced on schedule. C1 involves energisation of motors for directional checking, start-up sequencing, instrument set-up and confirmation that all installed items meet design requirements under no-load conditions without dry feed materials or binding and dust control liquids. With all equipment installed, C1 is a significant milestone for Keras's 100% owned Falcon Isle Resources Corp ("Falcon Isle").
Given the scale of what was required to transition from an outsourced production and ownership model operating from three rental facilities to the Company's wholly owned, fully integrated production facility at Delta in just four months, which was underpinned by the conclusion of the Phosul Utah LLC joint venture ("JV") as announced on 22 January 2024, has been an outstanding achievement by the project team as well as the Company's supportive funding partners.
The project team will now work towards wet commissioning under load conditions with granulator binder fluids ("C2") during the first half of June 2024 which will initially comprise test granulation of Falcon Isle's rock phosphate before introducing the additional constituents of the Phosul® final product. The Granulator Plant has a nameplate capacity of 5 tonnes per hour of finished product. At steady-state single shift operation, the Granulator Plant is planned to produce approximately 520 tons per month ("tpm"), working towards upgrading to double shift operations during the fourth quarter of 2024 to produce approximately 920tpm of saleable bulk Phosul® granules. The Phosul® formula comprises 80% of 50 mesh PhosAgri feed produced from ore mined at the Diamond Creek mine, Falcon Isle's wholly owned, high grade organic phosphate mine. Falcon Isle currently holds inventory of approximately 4,250tons of 50# PhosAgri product, sufficient to cover Granulator Plant operations for the rest of 2024 which, importantly, will have a positive impact on cashflow with all mining and crushing costs already expensed.
Onwards, and most definitely upwards!
GLA
Utie.
Que?
Some might think prop....a letter in his name
is kremlin propogander?
https://www.youtube.com/watch?v=l2F11F26bPI
Or Zakatak.
Ok prop,in the interest of interboard peace n tranquility
we'll call him
ZIK MAR.LOL.
I implore you to stop quoting Zak Mir on share-prices: his predictions remain as rooted in fact as those of Mystic Meg’s daily horoscopes.
It's been blue on cnbc,for a few weeks chesh.
that's a good sign.
Morning Peeps.......!
ya man Zak has it at +5p ........! :)
https://youtu.be/PabhzLqLr70?si=6396H9UrFJkMzrko&t=594
All the best (Blue Tro.......! :)
3.92 to buy atm
My broker has it up 2.98% which is more then rise minus spread .
Can never get an answer to who owns this site.
Looking better now 40 days from top up.
Share Price: 3.75..Bid: 3.50.....Ask:..... 4.00.....Change: 0.40 (11.94%)
Spread: 0.50 (14.286%)
😂. :o).
New granular plant should start production shortly which will see a big rise in sales due to the large offtake agreement.
The manganese price is strong so there's the prospect of very significant revenues from Nayega.
The market cap looks very undervalued and there's no funding uncertainty to hold it back now
I can understand the conversion option of some loan notes (£597,805 loan) being at 2.75p but only if the share price hits 9p, so presumably the company will have made substantial progress for that scenario to play out, otherwise it's a 4% interest rate loan.
But yes a bit complex and I only have a few shares so don't want to spend days on it. Perhaps it's a kick the loan can down the road scenario. with an expectation of some ( maybe significant) profits and revenue growth so by then. On the whole it's perhaps removed an uncertainty for a year or more. So positive news IMO. Look forward to something more significant in terms of product sales etc.