Member Info for Propinquity

*its not it’s - spellchecker putting in an erroneous apostrophe.

Let’s be clear - the Togolese govt has granted us the licence to commence large-scale manganese mining; we await therefore only confirmation on the signing of the finer details between KRS and SMG, it’s Togolese subsidiary.

*when we already have it

That’s what I thought - so, why talk about waiting for its confirmation we already have it?

So. is the licence confirmed or not?

Bassguy, Sounds plausible - a plan that solidly supports an increase in share-price post-CAI demerger; then.

Perhaps an imminent deal with an off-take partner before we sign with our Togolese subsidiary.

From the same RNS:

'Discussions remain ongoing with potential off-takers to provide both development funding to expand the existing 6,500 saleable tonnes per month operational infrastructure and for an off-take agreement for future ore produced at Nayega'

From the July 11th RNS:

'Current proposed planning, subject to the award of an exploitation license, is to double current production capacity from 6,500tpm to 13,000tpm of saleable ore through a plant upgrade which will include a downstream screening circuit to produce these size fractions. The plant as currently configured is capable of producing some 75,000 tons per annum, which would result in a substantial profit for Keras. However, on receipt of the exploitation licence Keras expects to expand and improve the plant to add more value as well as increasing production. The Company intends this to be financed in conjunction with an offtake agreement rather than equity funding.'

Might be that peeps are right in that we'll receive it sometime next week.

Bassguy, Just realistic - the MMs always win.

Agreed - which is why 2p for Keras should be a minimum price for its manganese asset alone.

Markyess, You say ‘I'd do a hostile take over myself at those levels.’ I respond by PMSL.

We’re not even ramping - just stating the obvious: it will multi-bag.

Typical AIM - less driven by fundamentals, and more by sentiments.

Hey gmc, The licence has already been approved by the Togolese govt, and we now await for the minutiae to be agreed and signed between KRS and SGM on how to proceed with mining our manganese; lest we forget, it's great news for jobs for the locals, too.

Chripster, If you would like nickel exposure, look closer to your home - Redmoor.

Slurm, Which aligns with my interpretation of the CARE tenements.

gmc, Were you being witty with your reference that it would be amazing if that Togo licence were approved?

Markyess, How about a confirmatory referendum, to boot? ;-)

Chilipepper, You never know - it might add a little spice to your life.