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Started: diggit1gold, 14 Jun 2024 04:35
Last post: Markyess, 14 Jun 2024 08:13
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.
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).
Started: diggit1gold, 13 Jun 2024 12:56
Last post: Markyess, 14 Jun 2024 08:10
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.
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).
Started: diggit1gold, 13 Jun 2024 07:09
Last post: Markyess, 13 Jun 2024 09:20
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).
Started: ForrestGump, 3 Jun 2024 07:17
Last post: English_Parisien, 3 Jun 2024 14:02
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
Last post: Troajan, 29 May 2024 13:08
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.
Started: diggit1gold, 29 May 2024 08:45
Last post: diggit1gold, 29 May 2024 08:45
😂. :o).
Started: Pinecone54, 28 May 2024 09:00
Last post: panda1, 28 May 2024 18:12
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.
Nayega should be fully operational by the end of the year - if I have read the latest Nayega RNS correctly, that is.
In short.
This year's Falcon Idle/Shawn Helda payments covered
Loan can kicked down the road
Possible that it's paid with some significant dilution making Grosso a very sizable major shareholder
Next year's payment still outstanding, so hope Diamond Creek ops and sales AND Nayega generate some cash
I can see those that have recently bought in being excited by this RNS. Those of us that have been here a while.... not so much.
Hopefully…………..by the time of the AGM, I may have been able to digest this latest piece of news, as of now, I’m in complete awe of its complexity!
Sorry!
PC
Started: diggit1gold, 16 May 2024 14:03
Last post: djframboise, 20 May 2024 11:46
More buys this morning. Looking like a strong start to the week.
Good to see a decent rise over the past week or so. Didn't take any this time myself as i bought a few times on the previous drop below 2p. ATB. :o).
Last post: djframboise, 16 May 2024 13:19
Me too. Added a small bit last Thursday. Still a bit to go to b/e (@ 5.43) but nice bounce today.
Pleased I topped up the other day - this amongst other AIM tiddlers are soon about to swim to the surface ;-)
GLA SR
Prop
that sounds like your rolling stones?
Before ruby Tuesday, then.
Prop
only on an indigo monday prop.lol.
Started: Chesh, 15 May 2024 11:19
Last post: Chesh, 15 May 2024 11:19
Morning Peeps........!
a +200k share Buy goes through........! :()
All the best (could be more blue soon.......! :)
Started: diggit1gold, 15 May 2024 06:52
Last post: diggit1gold, 15 May 2024 06:52
AUD $6M raised in the "overwhelmingly oversubscribed" SPP. Allocations have had to be scaled back. Hopefully things start to improve now especially if DR has learned to tell the truth and separate fact from fiction. Oh, and stick to the bloody plans (multi amended previously) mate 😂. :o).
Started: diggit1gold, 14 May 2024 15:47
Last post: Propinquity, 14 May 2024 21:16
Non.
Keras has just scraped back over the £2M MCAP @ today's mid price of 2.5p. The lack of decent communication with pi's here has been abysmal despite previous promises. Can they change 🤔. :o).
Started: ForrestGump, 9 May 2024 08:13
Last post: Markyess, 14 May 2024 13:53
Dependent on production profile, Togo could generate 3 years of revenue for Keras of up to twice our current Market Cap.
As a long term, nationally owned project, when the wheels finally get turning I do not expect that STM would linger at the lower production profile that a small, UK Junior miner would have had to, to organically generate capital investment for the second stage production growth.
Interest is coming back from the market, could be doing a classic bounce but with some increased numbers to back it and sustain it. A bit of hope and hype from me and maybe some real tangible money coming into the company after all.
So based on what we know from previous Shard observations!
Initial production 25 tonnes/ hour, equates to 78,000 tonnes per year!(25x60x52).
If we use $400 per tonne ( then use the 80/20 rule).
Then they could get $320 per tonne!
Our percentage is 7.5% so that comes out at $1.87million per year!
Would only need a few good up-ticks to make it very profitable for Keras!
Or even the original off takers agreement reinstated, after all these years, would be really good news!
PC
For Togo would I be correct to think we only now need to concentrate on two factors?
How many tonnes they can produce and how much they can get per tonne?
PC
Morning Peeps.......!
8.89% Blue and a 1 code trade for the believers..........! :()
All the best (are we expecting news BTW.........? :)
Started: Chesh, 14 May 2024 11:00
Last post: Troajan, 14 May 2024 11:14
Well spotted chesh.
Not seeing this on the Website........!
https://twitter.com/kerasplc/status/1785729942103470479
https://kerasplc.com/video-gallery/
All the best (BOD would do well to update the Website with this media.......! :()
Hi Prop final results for 2023 due circa early July more bull.... till then I'm afraid unless the man means what he says and there is no way any SP recovery is coming until we know some of the numbers from Utah . Maybe there is some fees coming from Togo, nice bounce this morning on little interest.
ATB Robsky
Because historically the BoD provide broad updates, leaving the market to fill in the missing details.
Graham Stacey, CEO of Keras, commented, "The mobilisation of key staff at Nayéga and the issue of a request for tender for the management of the Nayéga operation is a significant step forward in the development of this asset which the Company fully supports and is very much in line with the 2023 cooperation Agreement we have with STM and sets a clear picture of how the asset will now be developed to benefit all stakeholders including Keras. We look forward to working closely with the management team of STM.
The progress at Nayéga is very positive for Keras from an additional cashflow perspective and will underpin what has been a hugely productive 6 months at the Company's flagship operation in Utah, USA where its subsidiary Falcon Isle Resources Corp, now operating from its 100% owned facility in Delta, is finalising the construction of a fully integrated granulator plant to produce Phosul® granules under the joint venture with partners, Phosul LLC. The Phosul® production line will augment the already installed processing infrastructure producing sized dry rock phosphate products from the high-grade Diamond Creek phosphate mine. I look forward to updating shareholders on a continuous basis as we move forward on these two fronts."
Why doesn't Graham just give us the details now?
GLA
Started: diggit1gold, 9 May 2024 07:41
Last post: Propinquity, 9 May 2024 09:12
Usual bull-waste on the comms on more comms - and now silence for the next few months.
I look forward to updating shareholders on a continuous basis as we move forward on these two fronts."
Well I think we have heard it before may be something to do with my comment on Linked in about SP being trashed over the the bad comms of the company , lets hope so moving forward. we could do with an upward swing.
ATB Robsky
How will the market react today? Should be a strong one but as usual anything is possible.
Well………it looks from first read, we are moving forward…….at last!
PC
RNS, 😂. Yes it's a positive development especially if they do actually start to provide us with regular communications. We'll just have to wait and see on that front. :o).
Last post: djframboise, 7 May 2024 10:18
Closing date was 2nd May with ii. I didn't take it up. Am already too heavily invested.
Closing date for application is 11am today 7/5/24 at least with IG brokers.
ATB Robsky
Thanks, Robsky.
Hi Prop I received email from broker IG to see if I wanted to participate in the offer and to reply to the email with the option decided and make sure my account had enough cleared funds for the purchase and they do the rest with no dealing fees.
ATB Robsky
How would we apply for them?
Started: Robsky, 3 May 2024 15:08
Last post: Robsky, 3 May 2024 16:03
I thought I was here on my own, dead right PROP maybe he has a magic wand, we will be the last to know for sure likely be a back door share issue or some other deal .
ATB Robsky
A long way to go - the BoD has to find the money to pay the outstanding $1.6 million owed to the ex-JV partner? Where’s it coming from - existing sales, majority shareholders, or another raising? The elephant in the room.
Progress report from Graham Stacey it should be coming to shareholders as I pointed out in the comments but was almost instantly removed : ( is KRS really up today or am I seeing things its got a long way to go .
https://www.linkedin.com/posts/graham-stacey-a215b160_having-acquired-the-delta-facility-on-26-activity-7191497230086717440-5ZxY?utm_source=share&utm_medium=member_android
ATB Robsky
Started: Pinecone54, 29 Apr 2024 07:32
Last post: JimBL, 30 Apr 2024 14:34
Lack of 'historic progress'? Dear lord...that's rich coming from a government which refused to license us in a decade of trying.
I still think we've more chance of seeing Unicorns farmed in Togo than receiving any fees or royalties connected with Nayega.
That's the only question that matters, Prop.
I hope we aren't relying on royalties from Togo, as the government are hardly steaming forward with their new Publicly ownerd Manganese company. Didn't they make a jibe about lack of historic progress made by Keras??
I wonder whether they will be able to pay the ex-JV partners the next instalment for 100% ownership of Diamond Creek.
Hey Prop.......!
like you stated earlier, "at some point - have to publish its figures - just as other companies do"
This isn't a final/interim results RNS, it's titled a "Q1 2024 Operations and Sales Update"........! :)
All the best (figures will out in early July by the looks........! :()
Robsky, Yes, thanks for that; my gripe is that it’s never clear with out BoD - why did they not, for example, release the updated figures?
Started: diggit1gold, 29 Apr 2024 08:57
Last post: diggit1gold, 29 Apr 2024 08:57
Keras comes out all guns blazing, ha ha. Decent update but wasn't even tempted to buy more at the recent lows. Got enough, just sit and wait. Still waiting on the NI compliant resource upgrade update though that was supposed to happen sometime ago. :o).
Started: Stockraiser, 17 Apr 2024 14:14
Last post: Stockraiser, 17 Apr 2024 14:14
It's time to release the beast ;-)
GLA SR
Started: Robsky, 4 Apr 2024 17:46
Last post: djframboise, 5 Apr 2024 15:35
With gold prices soaring, Calidus SHOULD be well-placed.
Started: Pinecone54, 5 Apr 2024 09:38
Last post: Propinquity, 5 Apr 2024 14:38
PC, The Togolese govt may have started operations - without publicising it; however, let’s hope that they have - so that they can pays us our money,
“On Wednesday, April 5, 2023, Togo announced the creation of Société Togolaise de Manganèse (STM), a state-owned manganese mining company.
According to Togolese authorities, STM was created to ultimately "develop the mining value chain, boost job creation and improve the country’s economy by helping efficiently take advantage of mineral resources. “
Well that’s typical of government promises, a year gone by and still the opportunities fail to materialise for the benefit of the country!
PC
If Mr Grosso was happy to buy at 4p, why isn’t he buying now?
Hope this isn't just another typical AIM resources stock that ends up at zero eventually?
But yes seems to be a flurry of 25,000 block sells today and in reality it's not that much but the market is thin, with no buyers interested?
Eyups,up on a sell?
Started: diggit1gold, 22 Mar 2024 07:51
Last post: eado, 29 Mar 2024 16:18
Dave looks under a lot of pressure!
Encouraging his confidence in the operation of the pit.
That is positive news at least.
Will have to wait and see if the company will move forward to a strong financial future.
I don’t understand about the hedging aspect to the financing, anyone with an understanding able to break it down in layman’s terms?
Dave faces up to the challenges!
With……… hopefully an exceptional June quarter!
Holding here, but need some encouraging news before getting too excited !
🤔
https://www.google.com/url?q=https://m.youtube.com/watch%3Fv%3DLL_ZALx3BJY&sa=U&sqi=2&ved=2ahUKEwjd3Y7g6ZaFAxXfVEEAHXO_C-oQwqsBegQIDhAG&usg=AOvVaw1_HcJpYyLSabeliPDWvkWp
I've taken mine this year, aged 60. I wrote KRS off in my portfolio long ago so haven't been dependent on its performance, though I still kick myself I didn't take advantage of the CAI high. Just goes to show in this game - the hype seldoms meets reality. Expecting a bit more of a rise in the sp cost me (and us all I suspect) dearly.
Now totally underwhelmed with DR and his mates who form both company's BOD's. Not a single thing has gone as they said it would, promised, or suggested. Some things not their fault (like IO price collapse) but Nayega turned into a fiasco literally given away, as did the gold tributes, as has CAI, and as a whole so has KRS.
If you are hanging on to them ( as I am as no point selling now) then good luck.
Markyess, I also have a target for early retirement but have gone backwards this year. 4 years to go and at current rate, will have to go the distance. :-(
Lucky you have time on your side Marky, been retired 5 years now been here since ferex days and still living in hope :(
GLA Robsky