Nige the snake
27 May 2016
Re: RNS the wrong reaction but Im not worried....... time to buy mor
Simbrad
27 May 2016
Northland's note is up on Research Tree "Keras Resources has received the first payment for the gold ore processed at the Paddington Mill. Keras Resources has received the payment is for ore extracted from the Anomaly 22 deposit, located on the Grants Patch Gold Tribute lease area...."
Nige the snake
27 May 2016
RNS First of many payments .Watch the money roll in .There's Gold in them there drills so could see 15% -20% rise today
Ripley94
26 May 2016
Ferrex ( name changed ) Broker still has it under old name !
Ripley94
26 May 2016
Re: SP Placing 15 April 16. @ 1.1Now back to that price.
Simbrad
24 May 2016
Read Northland Capital Partners's view on Keras Resources. It's available on Research Tree: "A positive development for Keras Resources that results in the brining forward of the payments due to Keras. Previously, Keras was due to be paid 42 days after all laboratory test work on moisture content, recoveries and grade was completed. This was a significant amount of time for valuable working capital to be tied up and could have delayed work at Keras’ other projects. Following this latest agreement, Keras will receive the pre-payment once the ore has been processed through the mobile plant and a provisional gold determination statement has been prepared. The payment will..."
Nige the snake
24 May 2016
RNS should set the ball rolling CASH FLOW WILL NOT BE A PROBLEMKeras Resources plc / Index: AIM / Epic: KRS / Sector: Mining24 May 2016Keras Resources plc ('Keras' or 'the Company')Pre-Payment Agreement with Norton Gold Fields Keras Resources plc, the Australian gold mining company, is pleased to announce that it has entered into a Pre-Payment Agreement ('Agreement') with Norton Gold Fields Ltd ('Norton') on all gold ore delivered to the Paddington Mill owned by Norton's subsidiary Paddington Gold Pty Ltd ('PGPL'). Highlights · Agreement will expedite 80% of payment to Keras; and· Gold content will be calculated from hauled run-of-mine ('ROM') tonnes at an average grade based on assay results from the sample crushing plant at the Paddington Mill assuming a 5% moisture content factor and a nominal 90% metallurgical recovery. Keras Managing Director, Dave Reeves said, "We are pleased to announce the conclusion of our positive discussions regarding the Pre-Payment Agreement with Norton. Under our agreement with Norton, we are due payment within 42 days which was agreed to allow for all lab testwork on moisture content, recoveries and grade to be completed. This is a very complex and subsequently time consuming process that has been fine-tuned by Norton with its tolling participants since the signing of our tribute agreement. A slightly simplified flowsheet has been developed that will assist in reducing overall time to return this data, however, the 42 day payment would still be challenging to achieve. Working capital requirements in a growth company like Keras can create significant headwinds when trying to bring new production on line and the 80% payment within a short period of time from ore delivery will be a significant boost to Keras's cash flow. As a result of this Agreement, I am pleased to report that the first pre-payment on our first batch of ore is currently being processed. Due to the unavailability of the sample plant, pre-payment for the second batch is anticipated to occur in the first 2 weeks of June under the new regime. Final reconciled production will be reported quarterly." Under the terms of the Agreement, ore from Keras will be stockpiled on the Paddington ROM pad as per the previous agreement and run through the sample plant as soon as it has available capacity. PGPL will compile a provisional gold determination statement ('Statement') on receipt of fire assays from the sampling plant reject piles. The Statement will use the ROM tonnage based on hauled tonnes (applying a 5% moisture content factor to determine a dry tonnage estimate), average grade of the batch will be calculated using PGPL's reject sampling grade from the sample crushing plant at Paddington and a nominal 90% metallurgical recovery will be applied to the ROM gold content. The gold price applicable to all recovered ounces for the batch to be fixed to the close of business on the first day of gold pour following full delivery of all ore to Paddington ROM ('Final Gold Price'). This Final Gold Price is determined from the AUD/ounce price payable by the Perth Mint to PGPL for the day related to that gold pour. The provisional payment calculation will include an allocation of the Keras Gold Tribute (78%) to estimated recovered ounces and revenue, and deduction of all attributable Keras Gold expenditure and charges. 80% of this calculation will be paid via electronic transfer to Keras Gold bank account and the provisional payment will be transferred as part of the next PGPL payment run process. The prescribed sampling process through the PGPL Sampling Plant will be the basis of final grade, recovery and moisture determination with any payment difference or adjustment notified to Keras Gold once all sampling and testwork results are available. The final payment will be made on the final grade and recovery determination of each batch. **ENDS** For further information visit, follow us on Tw
Nige the snake
10 May 2016
RNS good news Keras Resources plc / Index: AIM / Epic: KRS / Sector: Mining10 May 2016Keras Resources plc ('Keras' or 'the Company')KalNorth Option Exercised Keras Resources plc, the Australian gold mining company, is pleased to announce that it has exercised the Option Agreement it was granted in March 2016 over the Lindsay's Project ('Lindsay's') in the Western Australian Goldfields by KalNorth Gold Mines Limited ('KalNorth'). Under the terms of the Option Agreement, Keras was granted an exclusive and irrevocable option to mine the Lindsay's Project in consideration for a share of the net revenues derived from the project. Keras and KalNorth will now finalise a formal agreement, which will contain full representations and warranties in respect of the Lindsay's Project, prior to the commencement of mining operations. The Lindsay's Project incorporates total open pit and underground resources of 215,000 ounces Au, of which 77% falls in the Indicated Resource category. This includes the high-grade Parrot Feathers deposit which comprises a resource of 401,000t at 4.2g/t Au for 54,000 ounces Au. Keras, at its cost, is currently undertaking an internal assessment to look at decreasing dilution by developing on reef and upgrading the ore through the use of optical sorters. The mining will initially start on the remaining open pit resources with a fully ramped up underground production rate expected to be between 10,000 and 20,000 ounces per annum. All the mining permits are in place for the current operation. Highlights · Exercising the option increases the Company's tributable resources by 215,100 ounces Au at a grade of 1.7g/t Au· Identified three open pit resources comprising approximately 100,000 tonnes of ore at an average 2.46g/t for 7,900 ounces - further drilling is required on two of these pits before a final decision to mine them is made· Reverse Circulation ('RC') drill rig will be mobilised in May 2016 to begin grade control drilling at the first pit· Plan to commence a 10,000t bulk sample at the Lindsay's Underground Mine under a Programme of Works licence, concurrent with the open pit operationo The bulk sample will provide grade and geotechnical data for the ongoing underground feasibility study as well as test material for the optical sorting equipment Keras Managing Director, Dave Reeves said, "Subsequent to the successful £1.25m placing last month, we are pleased to have been able to fast-track our internal assessment of the Lindsay's Mine to the point that we are now comfortable to exercise the KalNorth Option to redevelop the project. As with our current operations at Grants Patch, in order to mitigate the mining risk we will be extracting the ore through a staged approach with significant grade control and in-fill drilling ahead of the mining face. The underground bulk sample, extracted from a 300m on-reef decline drive, will not only provide significant grade and geotechnical information for the ongoing feasibility study but, as it forms part of the underground development plan, will reduce the time required to develop the high-grade Parrot Feathers resource." The internal assessment of the open pit resources at Lindsay's has identified approximately 7,900oz Au of potentially economic resources in three pits namely; the Trial Pit, the LC4 pit and the LC1 pit. The Trial Pit comprising 25,000t at 2.2g/t for 1,800oz Au is the most advanced and only requires grade control drilling prior to production. The LC4 and LC1 pit comprise 11,300t at 3.85g/t for 1,400oz Au and 60,000t at 2.45g/t for 4,700oz respectively. A RC drill rig will be mobilised in May to begin grade control drilling at the Trial Pit resource where mining will initially commence followed by in-fill drilling at the LC4 and LC1 resources. In addition the Company plans to commence a 10,000t bulk sample at the Lindsay's Underground Mine under a Programme of Works licence concurrent w
Nige the snake
26 Apr 2016
SP I would have thought a 20-30% sp rise will be seen today.You never know with the market as it is. I would have thought this has got to be at least 8p by year end with these results 1400 oz of gold in 2 months and lots more to come.
Jitter
21 Apr 2016
Re: Placing on the way ? Took a few today anyway, if it drops I will buy more. J.
Jitter
20 Apr 2016
Placing on the way ? [link]
quackers1
15 Apr 2016
Re: Northland note - Research Tree With the tribute agreement for a current period of only five years, this fund raising is essential to get us into the cash flow asap. All very sensible
Nige the snake
15 Apr 2016
Re: Northland note - Research Tree agree with FoxRed . This can only enhance future production and value. What I like is that KRS are keeping investors informed and this regular news flow will bring new money in . Possibly the best play on the LSE along with Metal Tiger
chaz4u
15 Apr 2016
some how I looked at the recent presentations and not once was there any mention of fund raising some how l feel betrayed yet again as l topped up yesterday and then this happens
Nige the snake
09 Apr 2016
Re: RNS Have to agree having researched and also read the interview (link below) Dave has mentioned that he intends to keep investors informed about the progress of .both projects easily 4-5 bagger this year if not Q3
