RE: RNS should move the SP1 Aug 2024 08:02
Graham Stacey, CEO of Keras, commented, "It is naturally an exciting time for us to be building a PhoSul® stockpile at our Delta Facility. Organic granulation requires a very specific formula and the blending of the PhoSul® ingredients in the design ratio, supplemented with moisture, an organic binder and a dust control agent in the overall product blend has been a challenging process which we will continue to optimise with strong support from our PhoSul LLC JV colleagues. An important part of our transition to sales will include moisture and hardness testing as well as 240 size guide number ("SGN") analysis on an ongoing basis. Our intention is to produce 240SGN product in bulk in the short-to medium-term, with the option to produce 1 ton bags should demand dictate.
"The move to Delta has been a significant shift in our operating model, we look forward to settling into our new facility, optimising operations and growing our sales without the distractions we've experienced to date, and delivering profitability to our shareholders. We look forward to announcing our output and profitability forecasts during the coming weeks."
GLA