Member Info for oilmagnet477

looks like HL have one or more spotted dicks?

Should be pretty straightforward going forward.....
I was tempted to look back and try and see where we were before Calidus, or even the less than successful gold tribute enterprise came along but LSE in their wisdom have removed all the old Ferrex data and KRS rns's only go back to 2016, so involve the tributes. At that time there were 1.1bn shares in issue.

I have concluded, however, that worrying about historic values is pointless! We have circa 2.5bn shares in issue. If this baseline is used then any projected value from Togo has to be recognised as 75% owned by KRS - since other 'partners' have taken a bite.

A Mn mine with a significant lifespan and take off agreements to iron out market fluctuations ought to put KRS on a decent footing - it has been stated that the financials are robust but until everything is sorted and we start production it is all a bit of guess work.

We were always undervalued (circa 0.35-0.4p with 1.1bn in issue) as there was no licence. Now that has been delivered but with 2.35 times as many shares, I would have thought a value around the same price would be fair until we know how the figures stack up. It all hinges on the figures - DR and RL have declared a desire to be 'producers' so the prospect of a sell off seems less likely - although never say never?

I'm sure the BoD are steaming about the way this has appeared to have been handled/mis-managed by the market but I have long felt that DR is a little naive/over forgiving when it comes to the market. The move to the ASX was supposed to cure all of that and has been no better to KRS than AIM. All in all - an object lesson on who wins from the markets....GLA

someone in a financial organisation being held responsible for error? that'll be a first!

and surely everyone knows, CGT isn't applied to the value of your holdings, only on a 'profit' if you sell, and then only after a certain threshold (£11k iirc).

If you had a high average, the division of capital still wouldn't put you in profit anyway

be careful what you say. Flying bats will result in a shut down in trading whilst the ecomentalists carry out an ecology survey looking for rare tiny winged furry things!

Do you have available funds in your account to buy anything - does that remove the ability? Is it the same for other shares?
Don't use Barclays so not sure

and Hawke investments also clearly committing cash on open market as holding from placing was 5.6% and now above 6.5%

Great to see and very sticky TSI backers are just what we need.

Going to interesting over the next period more TR1s and other news flow incoming

trading yesterday and today shows no justification for the drop. Mind you the 13-16 spread after close on Friday was fake anyway as there were no trades to back it up. So we actually went from 13-14 to 11-14. MM games on perceived 'bad news'.

In reality, anyone taking the time to comprehend the news yesterday should be highly encouraged.

Back in 2015 (or possibly before) DR indicated annual revenues of $15m but I thought that was on the 'old DFS' which included significant CAPEX. It is (was?) my understanding that the new project would be ready ToGo as soon as the licence lands without further expansion.

I'm now wondering if things have moved on - hence the meeting on the 6th Nov (sadly can't go). My guess would be Licence signed off RNS will land in advance - Russell and DR won't want to face the music on that if still outstanding.....

"BJ not a chancer"

Yes he is! Tried to get into my bunker on many occasions!!

is Billionaire husband of Michelle Mone of Weshop.......
The plot thickens here and is going to get interesting.
Plus Brandshield IPO in 2020.....
Load up on weakness. This is cracking news

With battery powered everything, I'm doing all I can to drive better battery solutions!

I've asked for Phillip's view on this but keep getting crossed responses

Sold 'significant' KRS holding as a result of conflicting personal finances - MIL living in the garden, 2 kids at school, losing job and now working in a shop for minimum wage (although until Oct this was the best fun at work I've had in 30 years!).
New shop owners have made me (my decision) consider what I want from the next chapter of my working life at 53. Looking, with a friend, to buy old brown furniture at auction (currently worthless), re-purpose and up-cycle it and see what happens. Celebrated 20yrs with the Mrs this year and 17 yr old son just passed driving test so no more school run but uni looming??? Biggest things I've learned - take the rough with the smooth - lost a packet on KRS but I'm still here and alive and kicking and having fun. ;-)

Do you keep them in organised boxes?

I'm more of a screw fan myself!

Don't see much sense in worrying about day to day prices of Mn DMTUs. The life of the mine is stated as 16 years (with room to expand). RNS's have stated that work is ongoing to agree off-take arrangements and that the product from the mine is best suited as SiMn - all I can find on that is 60-65% Mn minimum - so I don't know how we get to that from 38%. Prices (even with the current fall) are about $900/t which makes things look different but until we get the figures in B&W, I see little point in speculating. I still trust that DR's Mining qualifiactions means he knows more about these things than most of us ever will. As ever, good luck all and fingers crossed

I suggest those that have been here since 2012 think a wait of 7 years in plenty far enough! ;-)

that the appointment of Mr Graham Stacey as COO in Togo was a master stroke!

https://www.investegate.co.uk/keras-resources-plc/rns/appointment-of-coo-and-update-on-nayega-mn-project/201904290700113187X/

Revenue. Not sure of profitability but with ZERO capex for existing plans of 6800t/month - one assumes margins are high

https://www.rns-pdf.londonstockexchange.com/rns/4480c_-2015-1-16.pdf

Great background (and reminder!) - @ $3.8 -3.2 per dmtu equates to about $142-$120/tonne ore
6,800t/month = $816k/month - Mn Ore has been as high as $8 dmtu in recent times

The mine is currently on care and maintenance pending the granting of an Exploitation Permit at which point operations will recommence at a rate of approximately 6,500 tonnes per month of saleable +38% Mn ore.
Discussions are ongoing with potential off-takers to provide both development funding to expand the existing operational infrastructure and for an off-take agreement for future ore produced at Nayega.

https://www.investegate.co.uk/keras-resources-plc/rns/nayega-manganese-metallurgical-testwork-results/201907110700061599F/