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Check out shareDeal active, part of Jarvis Investment Management.
Haven’t had anything negative in dealing with them for over 6 years.
Received Calidus shares no problem.
Higher fees than UK shares to trade and annual fee to hold non UK shares.
Hi MOU with whom? Jingyuan?
Cheers
Hi All
Just had notification Share Deal Active(JIM) of the de-merger and what they are able to do with the CAI shares received.
Shares on request will be deposited in their overseas custodian in order to trade with following fees.
Min 25 GBP to deposit
GBP 25 to trade
A min 3£ + Vat monthly custodian fee.
Or they will sell the shares on the ASX and return funds less costs.
Thanks for the reply Pinecone.
So these will be ASX listed shares then, with associated tax implications I guess.
I wonder as my KRS holdings are held in an ISA shell will the Calidus distribution be placed in or outside the ISA?
Has anyone questioned a broker on this yet?
Hopefully inside!
Could someone please explain how this distribution will actually work in simple terms?
I’m lost trying to fully understand.
Is it a cash dividend payment or transfer of shares of an ASX listed company into KRS stockholders name?
Thanks in advance
I would think it is a computer generated program so should be relatively easy. I heard at the presentation that the mine and extraction design was done using a software program. So I guess the software would optimise production schedules with the new figures. Also mentioned was that the TEO would cost about $250000.
Let’s hope so! The second half of the payment was due to be paid when the manganese was ready for shipment. It such a shame that no news has come through on the license as I guess that operations will now have to cease until it is received? Care and maintenance for the plant. Correct me if I am wrong but that’s how it appears. It’s just bizarre that the bulk sample was agreed but no continuity of operations through issuance of the mining license. Does anyone know if there is to be a review of the balk sample mining trial by the government?
Hi, Can anyone please clarify whether KERAS can continue to mine at current mining rates or was permission only given for the 10000 Ton bulk sample? Does mining have to cease after this as I believe we have not been given a mining license yet. Cheers
Yes you are correct that only two of the three wells, LA-105 and LA-107 are producing. LA-108 appears not to have been fully commissioned yet although even with its problems it looks like it will be a better well than LA-107 according to initial flow rates in the RNS’s. I would have thought with this loss of ENEO production about the time of completion of the well that as it was not immediately required cost savings required final clean up and commissioning be put on the back burner. Only the lower formations of Logbaba were perforated, which had very good flow rates compared to LA-107. Do you think it irregular that the Reserve upgrade was not independently verified? Maybe also down to cost saving at the time? I would expect they would have to be officially recognised Reserves to sign long term contracts for gas supply?