Member Info for oilmagnet477

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

coverage of KRS costs, 3rd party paid for the CAPEX (which will carry on working) and validation that the project was viable and as a result - the licence!

RNS states:
"all documentation related to the Exploitation Permit will be signed by SGM and Keras during the course of the current week"
So, the Govt have issued the decree and the hold up is in order that SGM and Keras sign the agreement. I would think it highly unlikely that SGM or KRS are not going to sign up at this point?

Keras Resources plc, the AIM listed mineral resource company, is pleased to announce that its 85% owned subsidiary Société Générale de Mines ('SGM') has received a notification of a decree from a meeting of the Council of Ministers of the Republic of Togo held on 18 October 2019, permitting SGM to undertake large scale mining at the Nayega manganese project ('Nayega' or the 'Project') in northern Togo.

Keras anticipates that the all documentation related to the Exploitation Permit will be signed by SGM and Keras during the course of the current week, and a full announcement of the terms of the Permit and the underlying protocols will be made immediately after signature.

Russell Lamming, CEO of Keras, commented; "This is great news for the future of Keras, and a major milestone for the Company. Our strategy of proving up the Project through the fully funded 10,000-tonne bulk sampling programme has been validated, and the installed processing capacity allows us to commence production of beneficiated 38% manganese ore at a rate of 6,500tpm without investing any further capital."

If you use them (I don't). MMs will be wanting as many shares as possible today and using all the tricks in the book to grab them

big LOL

What does your mate know that no one else does? The RNS states that hopeful of everything being signed and sealed within the week - that of course leaves room for the doubters to creep in BUT as Marky says - Togo Govt publication put this out before RNS landed so why would they do that if still a no go?

Yes - me too. Also BigCoJones who actually got me into FRX way back when - I think he long since sold out here!

Hi Andee - yes, it just landed! Cheers.

Well done to everyone who has held here long term - this result is just rewards for your patience. Andee, JimBL and BJ (are you still in?) - don't get too drunk just yet!

I guess I should be *issed off that I sold out when I did but life is like that - little point regretting things where I had no choice! Just glad that my small re-entry seems to have been well timed.

Where does this go now one wonders????

All the best matey - hope they sort you out without too much hassle.

I warned you years ago to keep off the bloody thinners!! (Sorry, couldn't resist - thought you'd appreciate it given your history on here!)

ATB Oily

Hope Russell sends HL the bill for that RNS!
I have bought and sold with them for years and always been happy. They need to up their game with regards to potential asx trading - there is absolutely no reason why they can't group asx trades to reduce the impact of the outrageous £144 trading fee.
Not sure if I have to await share 'settlement' but as yet I've had no comms from them at all regarding KRS investment. On balance that could be a good thing!

As someone who tends to try and hold LT rather than trade, the whole point for me of buying KRS (especially now!) is that you should get your money back by selling CAI shares (if you chose not to hold those for future potential) and then you are left with your KRS as effectively free carry.

I assume it is impossible for KRS to go to zero post CAI distribution but that purely depends on what the market (ie Shareholders) do. Pre KRS diverting into gold (Tributes and then Calidus...). all we had was the legacy holdings from FRX days. Of those, as far as I'm aware, all we have left is Togo Mn plus the addition of the Nickel and Cobalt - not sure what, if anything, they amount to at the moment.

There are still a large number of diehards on here with (I suspect) a combined largish % of total shares in issue - it might be possible to imagine that between the Directors and those PIs that 50% of the KRS stock won't be traded until it is clear what is happening in Togo regards the licence. That should provide some support to prevent a total collapse in the SP but as ever it is pure speculation on my part.

Either way, why sell KRS immediately, post distribution and pre-news on Togo. I have a hunch (and that's all it is) that once we pass 19/11, we may see something on Togo in the short term. For that reason alone - I will be holding. If it all goes **** up, I still won't have lost much (except maybe an increase of 0.1-0.2 if sold immediately).

Can't really see how any ASX CAI investors can complain about the distribution - it was ALWAYS expressed as part of the deal. Without KRS doing the ground work on streamlining all the leases within the area, they wouldn't have anything! It could be said that KRS gave away too much but that gets tenuous imo.

I appreciate that you aren't saying it is unfair and logic has never stopped a good whinge. The analysis of selling CAI to buy KRS is intriguing but it does underline why DR bought KRS shares and not just CAI straight out.

if I could run these days, I still wouldn't catch up with you!

Not sure I'm due any respect here! I sold for a massive loss - needed to cash out for other reasons but that's life

Hi Smidsy - are you behind me somewhere? I can't see your front!

Prop - I've already laid out why I think current investment is a 'no lose' - I could be wrong (perish the thought!) but if Togo is/was ever going to land, DR has just given a strong vote of confidence. Some might say that if news were 'imminent' that he would be in a closed period so unable to purchase (is CAI in a closed period I wonder, hence his investment via KRS...?) but if they are still dependent on a licence that could drop at any time then how could they be closed? Surely, for that to happen, something would have already happened that the market isn't aware of (if you see what I mean).

Anyway 103k shares are now mine for the ride into obscurity......GLA

ahh-hemm cough cough

Not sure how to put this - oh s*d it!

Hello boys - I'm BACK!!!!!!

but only in a small way. Just as experiment to see what happens. lol!