Member Info for jr71

I think we could still let oily attend the party. He had been here quite a while and he doesn't seem a bad bloke....smiling emoji

I feel Russell won’t be announcing he is ‘meeting with ministers in Togo to close the permitting process’ again.
More likely to announce things when they are done. Hopefully very bloody soon.

Chesh. Is your Russian bird here...

https://en.m.wikipedia.org/wiki/List_of_birds_of_Russia

Maybe 1 or 2 lines below frigate bird...:-)

Thanks for the reply Monty.

Monty, How long did it take them to transfer if you don’t mind me asking?

Have you tried IG for a transfer in.
I’m not with them yet but thinking that way.

Just curious Andee, are you at ‘home or away’ this week.

Ok ok
What happened to the scoping study and where is the bloody license.....?

Smiling emojis

From rns 6th Nov 19

Commissioned Scoping Study expected to take nine weeks

What happened to the scoping study?

Fingers crossed for you Diggit. ..stay safe.

And taking on more debt to minimise dilution.......
Good to hear from Dave ...
Wonder if Russell will do similar to re assure investors. The other question is, would I believe it?

Yes, when we get exploitation license

Your calcs are based on metric tonnes. Manganese is traded in Dry Metric Tonnes or DMT. 1 DMT is equivalent to 1 hundredth of a tonne approx.
If you take the 6500t per month x100 you should get a better idea of figures.
Also depends on mg content.
If you check back to posts on 27th by markyess and pinecone you will see figures they have come up with.
I'm happy to be corrected if I have this wrong???

Cheers MontyUK

Monty, can you trade calidus online with IG?

No but the president being inaugurated has to be a plus. Covid 19 may well be a factor but they will have the advantage of seeing how other countries have dealt with it.
Ideally the sooner cash flow starts, the better. If equipment has been ordered to enable a ramp up in production then we are a step closer to achieving that production target.
Should be nothing to stop us mining and stockpiling in Lomé once the exploitation license is granted.

My email to Russell

Good morning Russell

I hope this email finds you well.

As a long term supporter/ shareholder of Ferrex/Keras, I am emailing you to ask if it is possible to update shareholders on the current status of the Exploitation license in Togo.
As far as I am aware, the license was to be issued as soon as Keras amended some paperwork which was to be completed before the end of 2019. This in turn would allow production to start Q1 2020.

We are now four weeks into Q2 with no clear information as to whether the paperwork amendments have been completed or if the license is genuinely forthcoming. Understandably, the election and covid 19 situations may have held things up but the election was a known factor when shareholders were told production would start Q1 this year.

The fundraising earlier this year was, in part, for the purpose of ordering equipment to ramp up production. Has this equipment been ordered?

I’m sure you understand that missed deadlines for whatever reason and lack of clear information only serves to alienate shareholders and sow seeds of doubt.

May I suggest an interview or podcast as has been done on previous occasions, as a means of reconnecting with shareholders.

Yours sincerely

His reply.

Thanks for your email and I hope you and your family are healthy and safe.

Your comments are noted and I understand and share your frustration.

The President was finally inaugurated yesterday which is a positive - we will be putting an update out as soon as we can.

Much appreciated.

Best
Russell

Would have been good to hear that directly from Russell

It’s my intention to do the same MontyUK. They just seem to be taking a long time. Thanks for the heads up.

I can transfer to another broker who trades asx shares after they complete the transfer to their foreign settlement provider