1115 days ago
We have sad news today from ECR Minerals (ECR), the sudden death at the weekend of its CEO Craig Brown. I have known Craig for almost two decades since his days floating what was Kryso Resources, now China NonFerrous Gold. When I was at a low point Craig was not – like most folks – someone who joined in the kicking. That marked him as a decent guy in my book and I returned the favour when he fell out with China NonFerrous. Naturally, my thoughts at a time like this are with his daughters and other family members especially as Craig was only 51.
3480 days ago
China Nonferrous Gold (CNG) used to be known as Kryso Resources and was among the most interesting of the companies presenting at the UK Investor Show 2015 - the video is below. It is not a current tip for Steve Moore and myself but we track it. It is "on the radar"
4041 days ago
Currently AIM-listed, Tajikistan-operating gold company Kryso Resources (KYS) looks to have taken a further step towards an intended Hong Kong listing having appointed a ‘sponsor’ for the move. So what does this mean for the shares? We tipped them at a 33p offer on our Nifty Fifty site – they are now 39.75p
4265 days ago
AIM-listed Kryso Resources (LSE:KYS) is a tip of the year from myself at 32p. The shares currently trade slightly above this level at 32.75p despite continued unfavourable mining sector sentiment and an update last month that delays meant that its gold development project "is not now expected to be completed by March 2014 as previously scheduled". So do I stand by one of my tips of the year?
4294 days ago
I spent two years working along Sam Bottell as he worked with minesite.com and oilbarrel.com and he is a good, honest and clever chap. Now that he is starting his career freelance writing as well as an organiser of the UKInvestor Show I have no hesitation in helping him along via this blog as a guest contributor. As such I bring to your attention a share tip from TradingResearch Point on Kryso Resources. Having spoken to Kryso CEO Craig Brown yesterday I agree with Sam’s conclusion. Sam writes…
Shares in Kryso Resources (KYS) are off by 7% today after it announced that it would not complete the construction of its Pakrut gold mine in Tajikistan by March 2014 as previously scheduled and that a new completion date would be announced “in due course”. The company has spoken and the market has over-reacted.
The project has been delayed by a few months but work is now on track albeit a few months behind schedule. There is even the possibility of a catch up occurring if additional resources are brought in. The delay (which will be just a few months) does not create any cashflow issues for Kryso; and for a mine with a 14 year estimated life (and it could be longer) a delay of three or four months really does not make a jot of difference to any DCF valuation. The fact that Kryso operates in Tajikistan which some might consider a more exotic location might add to the way that investors have been un-nerved but I view this as a buying opportunity.
The maths are not complex
4390 days ago
I initially recommended shares in AIM-listed Kryso Resources (KYS) at 13.25p in December 2007 on t1ps.com the site I founded 12 years ago and edited until this September. Today shares in the company – which is currently developing its Pakrut gold project in Tajikistan towards production – trade at 31p so we are 134% ahead. Not bad. With exploration work continuing at Pakrut and other nearby targets, is it time to bank a gain?
