Member Info for Early_Bird

Drifted from 5.3p to 3.3p based purely on what must be PI boredom. Seems a great area to accumulate here, news cant be far off on a few fronts. Permits, ofttakes and financing.

https://twitter.com/kerasplc/status/1309389261616148481?s=20

I backed this company at 5.5p and am feeling the heat here at 4.5p! But I have faith this management team arent all talk and no trouser

very encouraging

Seems to be a disproportionate amount invested in this stock, a 0.5% dip n the FTSE causes a huge 9% panic sell off here... happened on the last dip too.. funny.

Looks to have bottomed, FTSE stabilising now so hopefully a swift move back up... was a panic fuelled drop yesterday largely unfounded going off todays comment by Boris

Back at yearly lows yet house prices are at all time highs. Blackrock pulling the price down with their selling.

Good stuff investor call next Thursday, wonder if we will get any more juicy news before then too

things starting to bounce a little, yet someone here is really dumping out.. painful to watch.

DanBrown check out the FTSE... its -3.5% its having a huge dump off and most AIM stocks are now following suit. Its purely wider market wobbles causing the poorly positioned to panic and mug themsleves

Someone really is sh**ing the bed today here... wider market wobbles catching out those probably over leveraged elsewhere.

Sub £5m Mcap now, funded from recent 5.5p placing, producing, more proven 2P resources than most £30m + Mcap companies and also $100m Trafigra facility to source new assets.

Id say this is in just about one of the best positions to weather any wider market storms.

EV/2p currently sitting at $0.40c which is a factor of 5 undervalued compared to standard metrics

Then you have $100m Trafigura facility for this new heavy hitting board to exploit and bring in new assets for the company to develop. Trafigura being one of the largest commodity traders in the world.. worth recapping on them endorsing the new ADME management here n this article:

https://www.petroleum-economist.com/articles/corporate/finance/2020/trafigura-goes-upstream

"We knew the ADM management previously, so when they approached us asking if we would want to do something at the cooperation level, as opposed to them tendering their barrels or talking to traders for financing, we said, “why not?” It is a well-managed company and it is listed in London, which is very rare for an African player"

https://www.zdnet.com/article/brazilian-government-wants-tesla-factory/

Saudis want to make the oil shorts burn “I want the guys in the trading floors to be as jumpy as possible. I’m going to make sure whoever gambles on this market will be ouching like hell."

https://www.bloomberg.com/news/articles/2020-09-17/saudi-arabia-delivers-public-dressing-down-to-opec-quota-cheats

this new management team havent put a foot wrong as far as im concerned. Recently raised funds at a zero discount (at the time) which shows the demand here and quality of management in wanting to protect SH value... now funded on a working cap level it unlocks this to rerate.

a typical standard valuation per 2P barrel of oil is £2/bl... even if we conservatively say £1/bl that puts a current fair cap here at 18p currently.

Then you have the £100m facility leverage a transformational deal from....

for me.

nice big gap to be filled : https://twitter.com/MrLarus/status/1301118884121116672?s=20

and some nice big deals using the £100m Trafigura facility due vs £5m Cap with some seriously heavy hitting management.

Currently trading at £0.33 per 2P barrel of oil too which is ridiculously cheap in its own right.

https://www.tradingview.com/chart/KRS/DPAUSk8y-Keras-Resources-KRS-Ranges-here-then-moon-2015-6-style/

https://www.youtube.com/watch?v=B4S5t-b1ICA&feature=youtu.be