Member Info for JimBL

I'm of the opinion the whole FUR involvement is untoward. Something definitely doesn't pass the smell test.

PC - I have no idea what influence FUR or its associated members could have as not one of them is from a mining background. AxCap was formerly known as Netcoin Holdings and now are touting themselves as a 'junior natural mining - resource' company.

Indeed, I alluded to the 'AxCap' name in a previous post!

Interesting however that FRU investment was £1.2 million for 10%. So another 7% from Ax means another £840k - a total of just over £2 mil from these two. That's around 28% of our current mcap.

Yeah, I remain puzzled at how that buying has resulted in no resulting sp uplift - unless it was built into the recent spike which some must have sold into?

Interesting that FU and AxCap have shared history and some of the same Directors/shareholders. Anyone have any thoughts as to why they acquired more of us through two separate entities???

"Since 2014 that Togo has been trying to join the Commonwealth." Yeah, we know how that feels - we've been waiting the same length of time for our extraction license!

No ide, mate. We don't have any indication he actually went to Togo, never mind whatever else he may or may not have done. Well, he didn't do anything worthy of telling us about one way or the other!

Hopefully, some of those points will be put to the BOD at the GM. We clearly aren't be told the whole picture re: Nayega, but I'm not sure they are able to do so. The silence and lack of any form of understandable explanation remains infuriating.

As far as I recall, a former Minister is owner of SGM, which probably explains how they got it when it was under an exploitation license granted to MM Holdings at the time.
I don't think a 'relative' would be necessary as Gnass seems to rule in the same style as Putin. 'What's your's is mine and what's mine is mine'!

I don't see anyone else being prepared to pay us anything for it under the existing circumstances - can you?

GS now CEO and focused on DC. DR in Oz fully focused on CAI. Togo 'country manager' has departed.

I'd say Togo is about as far off the radar now as one could get.

Perhaps it was someone, or some others, offloading and buying back in order to get the warrants?

FRU acquired approx 10% via their recent investment. As mentioned below, KRS BOD hold around 24%.

They don't appear to have the funds available for obtaining a controlling stake. They'd have to raise about another CA$6 million to do so at current sp (I'm presuming) having just raised CA$10 million, most of which was earmarked for acquiring and developing the Southwind prospect.

I suppose as we are a 'going concern' that may be somewhat easier, considering their prior raise was oversubscribed? I don't fully grasp the process which would be involved though.

Posted this over on ADVFN so sharing here for readers too.

Curious backgrounds of the FRU CEO & some Directors:
hxxps://www.stockwatch.com/News/Item/Z-C!NETC-2950219/C/NETC

Delisted by the CSE in 2019. Renamed and relaunched company as AxCap Ventures Inc (AxCap, really?!).
Crypto businesses. Maybe that's where their money comes from?

CEO Dubeau was also a former Director of Uranium Lithium (CSE:ULTH) but left in Dec 2020 to 'pursue other endeavours'. His former background is described as being a Government Auditor. He joined Karam Minerals in Sep 2021 (they had gold prospects at that time, Black Duck 1&2 and nothing else).

One week later, Karam acquired Hathor Exploration Ltd. "Hathor is a privately held Uranium company with strategic claims located in the heart of the Athabasca Basin in Saskatchewan and beneficial owner of the Saskatchewan Project that consists of 18 mineral claims totaling approximately 51,805 hectares."

Changed name to FRU and has now also acquired Southwind Corporation (Arkansas) and their high grade phosphate and REM prospect.

If they are building a stake in KRS as well as their recent investment in us (and being a CSE listed company) it seems to indicate their upcoming/future intentions does it not - particularly as we are a producing mine and the only asset FRU has an interest in which is at that stage?

Exactly my point and thinking,
Mark. Would love to make it to the GM and grab a pint or 5 with those attending, but I'm currently overseas again.

DAP Manufacturing Process:
"The majority of commercial fertilizers are made from rock phosphate. Ground rock phosphate is a material that was used in the past as a raw material, especially for acidic soils. This is not used in the DAP manufacturing process most of the time because it is not widely available, does not have a high crop response and is costly to transport.

In the DAP manufacturing process, phosphoric acid is produced and is converted in a controlled process with hot liquid ammonia. It is cooled and then formed into granules and slurried."

The commercial Ag sector in the US does not produce crops which require a high content P205 product either.

ADDITIONAL PHOSPHATIC FERTILIZERS:
"While phosphate rock is most commonly made into MAP and DAP, it can also be made into a variety of other fertilizer products as well:

Single Super Phosphate (SSP)
Triple Super Phosphate (TSP)
NPK – While phosphate is not the base of this product, it is included with potassium and nitrogen to create a variety of NPK blends.

These materials may be comprised of varying components, but all are produced using the traditional granulation approach."

Sticking to only the organic market at the present time and trying to build a market share would seem to me (I'm no fertiliser expert) a somewhat blinkered approach. The world is screaming out for fertiliser and paying bonkers prices for it!

By that I mean simply sell bulk to mainstream producers and maintain our own product line for the organic market.

We can do both, surely?

I retain my concerns on DC, that we are trying to sell a premium fairly niche product at a time when the whole world is now facing huge cost/price increases.

Moreover, there is a shortage of mainstream fertiliser (DAP/MAP). Can we adapt our resource/product to somehow meet the markets demand for phosphate from which that phosphorous is produced? If so, then our market and customer base would be entirely different to that which we are currently aimed at - switching to wholesale fertiliser producers rather than the organic farming/cannabis sectors etc.

Sorry mate, I was replying to Mark.

Umm, my conspiracy ears have pricked up again ;-p

£100k though? Unless they know something we don't...

And broker options over subscribed. Very curious...