Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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/
Once one hurdle falls, will others follow? Togo Nickel and Cobalt projects? Are they really dead and buried or just on the back burner.
KRS (until end Nov) is now a 2 trick pony again - Calidus distribution effectively cashes out one element to shareholders (who have the choice of what to do with that holding) and then who knows what?
If Neyaga is effectively a monthly cash point machine for KRS, the future suddenly looks very different???
has their analysis ever been correct for any share? ;-)
Original (back in the day!) DR was quoting $15m capex and expecting $15m annual revenues BUT that was eons ago and the great thing about where we are now (thanks largely to the Togo Govt delay in issuing the licence) is that KRS have scaled back their ideas - used the 10,000t bulk sample to get someone else to fund the capex for that and look to maintain production from existing kit going forward. Any expansion (if necessary) could then be funded from revenues, avoiding further dilution.
Today's news (for those deeply researched here) is transformational but until everything is dotted and crossed, the market may take time. Even when figures are released, I'm not sure that the 'market' will react massively? BIG numbers (irrespective of setup costs/profitability) attract wild swings in SP. A more measured and sensible approach to development leaves current SHs well set for gains (via dividends?) but may not lead to a huge jump in SP. Therefore, I'd assume a more gradual uplift over a longer timeframe (with peaks and troughs along the way) - I'd imagine DR as the longest and biggest holder will be well happy with that