Member Info for jr71

Ha ha. Have you started the beer already Andee

Russell Lamming, Chief Executive Officer of Keras, commented, "All indications from this drill programme, and previous programmes conducted at the wider Warrawoona Project over the past two years, point to this asset hosting a large and high-grade gold mineralised system. Calidus has already proved-up a significant Resource of +700,000oz gold at Warrawoona, however we are confident that this has potential for substantial upside and we look forward to the publication of a Resource upgrade, due in Q1 2019, as we look to better define and translate the tangible value of this exciting gold asset for Keras investors."

https://www.kerasplc.com/sp-angel/ Research note worth a read too

Wonder if the scrubber plant made it to site yet. Was due onto lome port around 22nd Nov.

https://mobile.twitter.com/kerasplc?lang=en

Sorry sbk, needed it for a sandwich....lol

From rns 28th aug,

The final phase, comprising the washing and scrubbing of the Detrital and Lateritic units of the Nayega orebody is planned to commence in mid-November. Appropriate Process Technologies Pty Ltd will commence commissioning of the 20 tonne per hour scrubber plant at the beginning of November.

Hopefully still all on track time wise. Would at least expect a tweet when plant is commissioned.

I’m guessing it’s Bellevue Gold as mentioned in the following article

https://resourcesrisingstars.com.au/news-article/rio-airstrip-more-drill-lines-fuel-talk-its-biggest-find-25-years

Good one CC
Funny...

Investment Arrangement
• Alkane will subscribe for 125M ordinary shares via a placement at 2.95c/share ($3,687,500 total consideration). The price was set near the 5-day VWAP leading to the transaction.
• Post the acquisition of these shares Alkane will hold ~8.8% of Calidus on an undiluted basis.
• Alkane will also be granted share options for 70M shares at 3.5c/share. These options have an expiry date of 1 November 2019.

Reports of a tie up....

https://hotcopper.com.au/threads/west-australian-today.4492731/

http://investors.alkane.com.au/site/PDF/2185_0/TradingHalt

Shouldn’t be long till we get news

From last night

https://www.kerasplc.com/wp-content/uploads/Keras-Corporate-Presentation-for-Event-11.10.18-FINAL.pdf

Thanks for the reassuring update. I think it was needed after the drop this week.

http://www.investi.com.au/api/announcements/cai/2bc0fa77-418.pdf

Thursday afternoon ramp...

Valuation: we value the manganese business on its current small-scale mining plan at £11.7m or 0.52p/s. Keras’ stake in Calidus is worth A$16.5m or 0.52p/s. The two businesses together indicate a value of 1.04p/s not including any value for the Kamina cobalt and nickel in Togo.

Chesh...this is normally your job. : )

Interesting read and about time...

Where did you get that from?

Morning bigJ.
I don’t think Dave really wants to become a long term producer.
When asked about building a mine he said that was where the money was at.
My take on that is that land /leases are more valuable to sell on with a mine already built...imo

Soooo, a lot of sells today. Quite a drop for us I think....

Andee, I predict lots of people going next week with a list of questions.........
One of which may be..
Is there a possibility of an off take agreement for manganese with the company financing the bulk sampling?

However, readings are not always accurate at weekends...
Have a good one.

So, am I psychic or was it coincidence......lol

I know the answer..