Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Why publish this RNS? Googled a few companies that have done this and all I’ve looked up have increased in value significantly within a month of the published RNS. Would be nice!
Do the same search yourselves and see what you find....
Are you saying they don’t even have £8.5k cash?!
I would suggest you are spot on. I for one, did not understand that they didn't have the permit when I invested. In fact, it was the opposite, I was of the understanding it was sorted for thirty years or so. How Greg still has a job is beyond belief to me. Others I believe entered with good intentions. Unbelievable, and still dropping.
With the view of the end of Q1 being our target date for exploration and Togo kick off, it doesn’t explain why on the 30th January 2019 Keras released an RNS saying “ Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that it has commenced the trucking of processed ore from its 10,000-tonne bulk sampling metallurgical testwork programme at the Nayega Manganese ('Mn') Project in northern Togo ('Nayega' or 'the Project').”
This surely means it’s feasible to extract NOW? Please help me out here?!
Whilst logically correct, this market runs on sentiment, and missing a published deadline always impacts. In my day to day job I don’t miss deadlines (with a handful of exceptions). I just with the BoD would be more realistic, and if missing a deadline, proactively announce why. Sentiment would therefore improve in my view.
... of the working year to go before they need to deliver on the promise of “ the Exploitation Permit is expected to be concluded by year end allowing commercial production to commence in the first quarter of 2020.” Eight or so days by my reckoning. It would be good to finally get this done.
Let’s be absolutely clear. This is a stock exchange rule, and everything KRS has informed us of us correct or done in good faith. The company has not done anything unfairly in my view. I would imagine DR hasn’t sold, and remains in for the longer term. Having being caught out with dividends once before, this doesn’t surprise me too much, though I do feel we could have been better informed as a group.
Halifax has confirmed that CAI share allocation will be made through CREST, and nothing happens before that. Currently scheduled for 29th November, but could be sooner given the RNS on 20th referring to 'sooner than expected'. I am not sure where others are getting information, but until CREST allocation has happened, then nothing is official in my view.