Member Info for Markyess

I think they have been deliberately conservative on the timeline. It would not surprise me in the slightest if the suggested pour date is 'worst case' and we deliver inside of it. I feel the BOD have deliberately set us up to succeed with time and budget contingency in hand.

In fairness, gaining market share and breaking down the barriers to enter was always called out as the biggest obstacle/risk on the Utah project.

I have no idea how much, but a chunk of the initial extraction was given away as free samples to allow big-agri to compare the effectiveness of our phosphate content. In essence, part of the marketing campaign to try and break in.

Sales curves are usually parabolic rather than directly proportional, so although initial sales appear below the proportional 'line' we will get a much better sense of sales growth from the next quarter and whether we are benefiting from parabolic sales growth. Some of the sales growth will be hoping for successful conversion of the free sampling, and so has a lead time.

My apologies if this is too positive for you.

I'm tempted to offer you a little sporting bet, diggit...

I'll take Utah, you take Togo - first project to reach $5m annual revenue.

Loser buys the champers....

West Africa - where is isn't what you know, it's who you know. I would suggest your hypothesis carries water, Jim.

Need to go into more depth, but my first view / summary of the RNS is 'wait until September'.

Diamond Creek - progressing, won't have a real sense of sales development until September as this period covered is too early on the sales curve. Language used was measured / less committal on hitting first targets than prior RNS. Obviously Covid hasn't helped

Togo - same old, same old - overheads have increased with the new appointment. Still the overriding sense that *we* don't know next steps and are dependent on Gnassingbe. Maybe not today, maybe not tomorrow etc etc

This RNS confirmed for me that the £1m raise was indeed for Opex, not a new, shiny near term project.

It is what it is. I'll get some time to look into further later, but it's not put a spring into my step and I can't see many new investors feeling inspired at this juncture.

Half yearly report due for publish by June 30th.

I wouldn't expect any further / major RNS beforehand, unless it's spectacular, game changing news.

Completely agree and for my part, I apologise profusely. FWIW I was desperately trying to keep the conversation focused on the company, not out of date, context-less and valueless discussion of my personal affairs - which are, after all, personal.

In a couple of weeks time, we'll see half yearly results and sales progress and compare them against the Corporate Presentation and plan.

At that point we can make some informed assumptions.

Hahaha, just read your message and tell me who's stalking who, you frigging weirdo. In the last 24 hours, you've made barely a post about the company and dozens about me, you nutjob.

Ah, doubling down on the personal and not engaging with any of the actual company debate presented, the clear sign of someone that knows they've made themselves look a d*ck.

You know you're in the wrong. It's beautiful.

Director interests (and their close families) are publicised information. Have you ever invested in a public company before?

Also, when you go to investor events, there's usually only about 20-30 people there. You get to speak to the BOD and they're quite open, funny that, they're normal, socially functioning human beings! On some occasions, their friends and family are stood with them! Shock, horror, at an investors event?!

Leave YOU alone? I'm trying to discuss the company I'm invested in. You're the one that's making it personal, you sh*t Hercule Poirot wannabe.

To head off your likely immediate response that I guess will again revolve around my personal finances rather than the company, no, I didn't invest in the Diamond Creek share issue. That diluted my position.

I do however, understand why it was the option taken, (and why the issue was fully subscribed).

Or maybe you just don't read or engage in discussion around posts, you just jump into personal conjecture.

If you actually read posts, you'd see I'm not supportive at all costs. I wouldn't have invested in Keras plc as a standalone company post Calidus divestiture, but I'm in it now. As a 10 year old explorer with iron ore failures behind it, it faces a unique position in the market. It's broadly Nayega or bust. Diamond Creek is a bar job to help get us there. Or not, but we have a better chance of not adding to the litany of failed juniors with it than without it.

Openly discussing all sides of a conversation about a commonly held project is healthy. Certainly healthier than obsessing about another person's finances.

If you don't see how many times I refer to this company's potential liquidation and failure - that's on you, not me. I've had a career working with stricken companies and so appreciate what options may or may not be viable.

Great interview. I like Matt Gordon, he's not a sycophant and does look to dig into risk profiles.

Worth keeping an eye on the red flags mentioned - hiring resources and the impacts of Covid (immigration). A likely nudge up on AISC in order to attract and keep a full complement of crew, maybe?

Good to hear that the early order of high value capital assets has mitigated (some of) the Covid impacted production timelines.

So is staffing likely to be our biggest remaining obstacle?

My personal position is irrelevant to what is going in for Keras plc and decisions going forward now.

Your insistence on not discussing Keras plc, the balanced pros and cons of Diamond Creek and focusing on my personal investment is weird. Are you weird Jim?

Yes, Keras owes me nothing - it doesn't mean I want to see it worth nothing. It also doesn't mean that I'm going to stop looking at the bigger picture of the company acquiring quick cash flow projects.

So focus on what's important. Keras plc.

I'm still here, Jim.

I'm ready to discuss Keras plc whenever you are.

If you want to make it personal, then I'm not backing down from a war with you.

It's not the purpose of these boards and is of no value to investors in Keras though.

This is a Keras plc bulletin board, not a meeting with my personal financial adviser. Debate the share and mind your own f**king business.

A bit of a hot mess of a post there. Jim, so I'll focus on the bit that is relevant and worth debate. Yes, we are on borrowed time, as all junior explorers are, and you only invest in them where you can afford to lose your head. With the high risk hope that you could make ludicrous money. Like the If poem by Rudyard Kipling. No one forces anyone over a barrel to invest.

The profile of Utah keeps us operational, it pays bills, it provides an asset that we can leverage for additional funding and to keep us in the hunt for Nayega.

Without Utah, we'd be facing a far shorter shelf life than we do by having an in production asset. It provides cash flow, it's in production, and so from a leverage perspective, here today, it's worth more to us than Nayega. It is the means to keep us in the hunt for Nayega. If and when that happens, the story changes.

Is this the first junior you've invested in Jim?

So you don't respect that without the acquisition of Utah, we were on borrowed time and our investments would all have been worth the same? Zero? Good. Glad we got there.

Not that it is really anyone's business but mine, but my total investment in Keras is considerably lower than £108k.