Member Info for Markyess

The company intended to perform a share consolidation once generating operational revenues. That would stabilise the company and de-risk the share pull back/loss of value that often happens after consolidation.

It's certainly not worthwhile at current values. Hopefully we'll get some good news, and this will all come good, but if you are looking to invest, do so with your eyes wide open. There's little obvious reason to suggest the hold ups are likely to resolve imminently, outside of the fact that 'it's about time' - but I'm not sure that's a suitable rationale on its own to justify investment.

Just to add to what PC says - Phase 1 at Nayega could lead to a project MCAP of around £25m (compare that to today's company MCAP). Phase 2 could see that rise to around £80m. But we've been stuck waiting for the permit for what seems like forever, and we haven't had any formal news since some investors independently finding that the In Country Manager has seemingly ended his association to the company.

Unfortunately, I can't find the economics on Diamond Creek to assess the project MCAP, but we have 51% of the project, and they're targeting production of 5000t/year rising to 48,000t/year. I can't recall the margin, but there's certainly good potential. Until the legal situation is resolved with the partner over there, we're stuck in a rut - when global demand for fertiliser products is going crazy. Frustrating is an understatement.

At face value, given the current paltry MCAP, there's certainly huge potential, but it's certainly a huge gamble given the current roadblocks on both projects. Resolution in Diamond Creek and the fabled Exploitation Permit in Togo being issued and this could go crazy.

For now, my holding is in the bottom drawer attracting dust.

Good luck whatever you decide, and if you choose to hang around, forgive us if we occasionally spend time talking about Calidus on the ASX, a very successful project that the Keras BoD span out that for some of us, is the saving grace on our investment here (for now).

Not for as long as ops at Diamond Creek are suspended...

Indeed, but it is news, and you'd have thought if his appointment was market sensitive and warranted an announcement, surely his departure warrants the same?

On the contrary, it looks like Blaise's Keras role has an end date of February of this year.

As Jim said, surely this would warrant some form of update? What's the next steps? Was Blaise' successful in his role? Has he been replaced?

Questions, questions, questions.

At the stated price, it was either a sell or an institutional movement.

Calidus Resources Limited on the ASX *was* a wholly owned Keras initiative and project. Keras span it out, floated it on the ASX and then returned ALL shares to Keras holders in an in specie dividend, and so many of us on here are Calidus holders, by virtue of our Keras holdings. So many of us still like to debate it here - as it was a Keras project.

I think we'd all love to know what's going on with the Diamond Creek operation.

And the Manganese exploitation license in Togo, come to that.

I've been in since 2011 - the raw potential of the two projects in the portfolio have significant upside, especially given the current MCAP of around £2.5m - but, personally, I see this stock now as a raw punt.

We're technically *only* pending an exploitation permit in Togo, and that alone could see us valued up around 0.5p on the conservative side, with upside as the project progresses to Phase 2. However, that permit is proving highly elusive, and there's rightly some scepticism that the Togolese President is hoping we'll bleed out, so he can put the project into the hand of people he prefers.

The Phosphate play has potential to be a steady income generator for 60 years with upside, but we are in a dispute situation with the co-owner that has currently led to the operation working to 'special measures' until its resolved. Terrible timing, given the global macroeconomic situation. Similar to Togo, it's one of those situations that could be resolved and see the share price grow in multiples, or it could lead to protracted and costly legal proceedings.

If I were to sum it up, I'd say it's an all or nothing, boom or bust share. Personally, I'd be really cautious about putting any more money in as it stands - I've made my money off a divested gold project that the BoD set up within Keras and spun out, so I'm prepared to sit and wait - but these are very much in the bottom drawer.

Best of luck with what ever you decide. We're a nice bunch here, so I'm sure you'll get some more views.

Hey E_P - holding longer, I think. Although i do have a few quid in my Limited Company savings account earning next to nothing, so I might see what I can do with that.

I was inclined to at least recoup my initial investment shortly after first gold pour, and let the rest lie for a while.

I think now I'll hold until minimum of the financial report from the first production quarter, maybe retrieve a few quid for some home improvements and hold out for further Lithium news.

Gratefully, I'm not in a 'needs must' position, but I have had some of this cash (original Keras investment) locked away far longer than I was originally planning (and hoping!).

Cracking interview.

Am I the only one that has seriously overhauled their medium term plans for their Calidus holding off the back of the Lithium play?

Haha, that is very special - thanks Chesh...!

I'd just like to see a tiny little bit of engagement. Even if it's a 60 second Twitter or YouTube style video message to say, 'no material progress, but we're working hard'.

I like that the ASX compels quarterly activity updates.

I'm sure I've said before, the directors will absolutely do all they can to see shareholders rightly rewarded here, as so many of them were family and friends that they persuaded to support them and take a punt on this venture. If you get chance to speak to them at any general or shareholders meetings, they're incredibly honest about it.

If it were not for the amount of 'faith' spent in them that they feel obligated to repay, I wonder whether the shutters would have been pulled down around the failure of Mebaga, or the failure with the gold tributes - instead, the BoD have invested hundreds of thousands of their own cash, used Keras as a vehicle for both Calidus AND Diamond Creek, when maybe the sensible approach for both projects would have been separate listings?

Food for thought.

Hey PC

There is a growing part of me that would love to see CAI takeover KRS. At the current MCAP, the diversified mineral portfolio would prove an absolute snip to them. DR obviously has a huge amount of 'due diligence' in hand on the two projects - and I can't help but think that the extra clout of a company with a stable annual EBITDA in excess of AU$120m would provide extra leverage over Togo and Falcon Isle to lead to the project's success.

It's not all upside, though - that transaction would in essence 'realise' our individual losses in Keras as we would only receive a market value (maybe with small upside) in consideration from Calidus as the acquirer and our asset MCAP would be fully consumed in the bigger beast. Hopefully, in time, this would be offset against the growth in Calidus MCAP as a result of being a diversified play - but we'd be sharing our 'return' across the 400m+ Calidus shares, of which Keras holders (today - disregarding the prior transaction) would represent less than 5% of the issued share capital in consideration of a takeover.

A granted license and accord in Diamond Creek in short order - and none of that matters, anyway.

And for my second wish....

Yep, more hope than expectation on the Keras holding at this point - in the bottom drawer to gather dust. Fingers crossed we see some value back on it at some point - but return (and growing return) on the Calidus holding more than makes up for it (for many of us who were in before divestiture).

Looks like there could be some further benefit in holding those Calidus shares a little longer. Suggestion in today's presentation that Pirra Lithium could be spun out in due course.

I have never 'tipped' this stock. Let alone to you, Mr Anonymous Poster and certainly not beyond the point of the Calidus divsetiture.

I have provided continued presentation of the potential of the project assets held.

If YOU opted to pay money for ANY share based on the commentary of someone on a share bulletin board, then the only person responsible for that is you.

Now, I suggest you request the deletion of your post, before I do.

Sorry mate, it really is a load of Kallaks....

Yep, there's still some distance to travel on that Beowulf license, given the recent change in Swedish government and some discrepancies in the rational of the rejection versus the views of UNESCO/distance of the site from reindeer herding routes. It's one I always watch, but was glad to get out a tiny nudge above breakeven on!

Similar happened to Beowulf Mining (BEM) around that same timeline, it was baselessly pumped up to around 75p and then fell back down to around 3.5p. BEM is still in the game, diversified it's asset base, but is still, 11+ years on, pending it's license award in the 'safe' jurisdiction that is Sweden....!

There were some great videos highlighting the quality and richness of BEM's iron ore, including fuse welding two drill cores together.