Member Info for JimBL

You allegedly bought in having used this junk piece on Yahoo Finance as your research? Try reading the RNS and other company info - "Our strategy of proving up the Project through the fully funded 10,000-tonne bulk sample programme has been validated, and without investing any further capital, Keras can transition seamlessly from Explorer to Producer. The installed processing capacity allows us to commence production of beneficiated 38% manganese ore at a rate of 6,500tpm - this is planned for the first quarter of 2020."

Mate, WTF are you smoking? We have no cash burn and we are ready to start making money as soon as the license is confirmed and the wet season is over. You have no clue.

Enough of the trifling comments...

Well, my CAI are now in my IG account. However, do I understand this right that people were able to sell their KRS holding after 19th deadline, buy back at the lower sp yesterday AND still get the relevant amount of CAI shares their new holding was worth?
That sounds way dodgy let alone massively unfair. I've sat in here for 8 years and feel like I've been completely shafted if this is the case.

That's what I meant. 85% before the additional 10%

Yeah, we own 85% of it, not 100% .

Same here. Laid-off two years ago almost, but got a healthy lumper and it forced me into doing something I had wanted to do for a while - consulting. Since first buying into FRX I've lived in four countries, 6 houses, my youngest got married, I re-married, lost a MIL, gained a niece. Only ever been in profit with this share once during that time!

Yes, but you fail to take into account that the site is ready to operate as it now stands and therefore has no further Capex attached to it, which may have been previously incorporated into the Opex of $1.93.
I don't see how any further expansion is currently economically viable however, unless there is much we still don't know in that regard.

I had one which I won't name, but all consolidation did was allow them to keep raising money and issuing more shares afterwards until they couldn't do it any longer. That was a real sh@t pie.
Obviously I see no similarities here.

As I say, it needs clarification. The old Phase 1 plan was for 250k tpa with a dmtu of $1.83.
The latest presentation indicates an 'expanded' production from the existing 6,500tpm capability to 13ktpm, at $3 - $3.10 per dmtu.

Well, we need some clarification that's for sure. An uneconomic product is somewhere we have been before, with the gold tributes!

Marky, it's correct, from the August presentation (P.6) - but only for an expansion to 13k tpm. Not quite sure I understand it myself though. You'd think producing more would reduce costs rather than increasing them.

The Opex increases only if they pursue expansion at the current time. Not a likely scenario is it.

4 years??? Give over. KRS took over the CAI shell in May 2017.

Pretty sure it was stated to be below $1.80 for a lower cost start-up.

Ogaro even ;-)

Also had their eye on the Orago Mn prospect, only 5km away.

Well thank the Lord for that! Somewhat ironic though as there was a piece in the 'paper yesterday about some British guy (Austin Electric) who has patented a new aluminium-air based battery for electric cars with a range of up to 1500 miles.

I wouldn't get carried away. They've already been through 2 mining conventions in the last 5 years.

I moved mine from Halifax into IG last year to get around the ASX trading problem.