We have 20 working days left of Q1. Minus 1 to get to production leaves 19 possible days to get an RNS. Assuming that Russell isn’t likely to mobilise in 24 hours, and around 5 days is more reasonable, leaves till end of next week - otherwise we will miss the commit.
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....
RE: The future of manganese is bright!20 Feb 2020 22:51
Crikey... he’s getting excited about 500T, and talks about huge volumes at 50,000T... makes you pause and think about what we are sitting on! Good find.
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?!
Yes, but this is really frustrating now. I expected an RNS... can’t remember, but did someone at the December event say that Russell didn’t expect to update us until mid-late January?
Sorry, to answer both, the correct number showed in Halifax, but not pound value... they were at £0.26 per share, so too high, and IG move not quite complete yet, so can’t confirm.
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.
If it’s not done today... and I don’t see an RNS, then can see this happening before mid January... everyone shuts down for two weeks from today. It’s possible, but unlikely now this year in my view.
Any views on the in-production target price? We know volume and value... not sure of costs yet with possibility of off-take agreement, so would influence... that aside, any ideas?
... 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.