Member Info for Markyess

CC,

That's how I read it. Notice of AGM first week of July, AGM end of July, first court hearing first week of August, final court hearing end of August. 8-9 weeks from the date of AGM notice. Looks like it *could* move pretty fast!

GLA

Reabold Resources (RBD) are in process of a Capital Reduction scheme. Different premise and reasons to KRS, but might help to get some real time insight to process and timeline.

Donald Trump happened. 10% tariff on China.

That utter moron could make us all very wealthy indeed.

Oh, totally CC. 100% agree - there is huge potential in them there hills.

I guess I'm being greedy. When I saw the commonality in the geophysics study between Klondyke and Highway, I envisioned a carbon copy (errr, gold copy) mineralised shear. It's very early days, it still could be. It's just rare that Calidus drill holes and hit anything less than 2g/t

We've already got viable reserves with plenty of expansion potential from Klondyke shear as included in the PFS.

St George's shear represents additional reserve upgrade potential - although it had significantly lower chargeability profiling in the geophysics survey, and so the expectation was that it'd be the 'dud' compared to Highway, whose chargeability seemed off the chart and like a smaller brother of the Klondyke shear.

Highway would have (still could be) icing on the cake if it does prove up meaningful deposits. It seems to be falling short from the preliminary drill cores.

Given the comparative core results between St Georges and Highway - maybe the chargeability results from the geo survey are worth knacker all!

Great RNS, but did anyone else spot the cloud on the gold lining?

Results from the Highway Shear, that gave very promising chargeability readings, akin to Klondyke shear, represented the worst drill results Calidus has recorded to date. Hopefully there'll be some additional drilling that proves up potential in Highway. It'd be a shame to see that promise amount to nothing.

I’m not sure I’d word it quite like that. With the whole company currently only valued at around £10m anyway, I can’t see that Keras can or will drop back much after the capital reduction.

I do believe the market is currently applying no value to Togo, but for the company to be valued at less than £10m with (currently) two high cash generating assets so close to production, is more a failure in the market than the company.

I was already invested in some junior mineral explorers (notably, BEM and BAO). When my first nephew was born (July 2011), rather than buying him the usual dull **** like baby grows, or wooden building blocks or something, my preference was to invest in a company that was listed at the same time as his birth, and let them grow together, hopefully to generate him a little fund to learn to drive from, or a beer kitty for university. (Sidenote: Gratefully, I managed to get out of both BEM and BAO at breakeven)

There were about 3 new companies that fit the bill, one tech, one financial services and one mineral junior. The two other companies sounded really interesting, but with a history and understanding in mining already, and some absolutely glowing research on the company background, and more importantly the BoD, I chose to invest in this Australian Jack the Lad called Dave and his iron and manganese exploits across Africa.

I started out at £250 worth at 4p a share - all set aside for Alfie.

Another 'sticky' holder here.

Bought in at just under 4p in August 2011 as an investment to grow alongside my newborn nephew. He and his younger brother each own 1/4m each under my stewardship.

I now hold 8m in an ISA at 0.0054 and 18m in a SIPP at 0.0036

There's around 700,000 of buys over on the NEX

We want news out of Calidus to remain conservative and keep the price down until after our in specie distribution.

Keep our holding value below £15m and then the whole lot is allocated to us shareholders in the in specie distribution. Anything over £15m and it'll either be retained by Keras, or sold off to provide additional financing. As Keras holders, we'll still own the value, I just want my full share of Calidus pie!

I found the post on ADVFN by Edgein on the 21st June. (I must put a disclaimer, I have no idea on the validity of the calculations, nor do I know Edgein, but he appears to know his numbers for Manganese)

'Mn is around $4.60 per MTU. KRS said previously they could produce an MTU (10kg) from their high grade surface Mn for about $1/MTU. Even if that's $2 all in for 41% concentrate that's a cash cow. 7.5m MTU = about $14.6m EBIDTA, miners tend to trade at about x10-20 free cash flow so multiples of the £9m cap with zero debt. Moreover they've already hinted at having further acquisitions ready once they're in production. The full ML should be for the originally planned 250k tn pa operation or almost x3.5 the start up capacity.'

Keras currently has a market capitalisation of less than £9m. Surely if the company is in production with manganese and targeting profits of ~£9m per year (someone on ADVFN provided some solid numbers recently, but I've plucked this one out the air), then the market cap should be multiples of that - regardless of any Calidus upside?

The company is ridiculously undervalued.

I'm desperate to put more in at these levels, Pablo. The cupboard is bare, not least with the estranged other half owing me £5k.

Surprised we've not seen even a brief RNS note from Russell about Calidus acquiring the prime Marble Bar tenement with a history of producing an oz/tonne in over 20 locations. It may not have immediate value, but on top of Klondike, it clearly allows for expansion in resource levels and future mine life.

Not satisfied with the online and phone responses I got, I sent a 'complaint' to Halifax Sharedealing and received the following response:

'Thank you for your enquiry.

At present the Calidus Resources (ASX: CAI) stock would be able to reside in our stocks and shares ISA, as it is listed on the main Australian exchange which is recognised by HMRC, however there is no guarantee that the stock will be eligible in the future as circumstances may change with its listing e.t.c.

I hope I have been able to help you with your query, however should you require any further information please do not hesitate to call us on 03457 22 55 25.'

You're fine with HL, Chesh - my SIPP is with them and CAI hold and trade is no problem

My ISA is with Halifax. I've just spoken with them and it's not clear. The bottom line, as I interpret it, they will receive and hold your shares in CAI for you, but they have no means to trade them, and so you will need to move (the CAI shares) to a tradable platform.

It's put in me in a little bit of a quandary. Do I hold fire and keep the Keras shares with Halifax for now, and avoid the small losses inevitable in moving them between financial providers and then action a move of the CAI shares when the time comes, or do I bite the bullet and move the lot now, so my entire holding is in one place. Two ISA's does mean two sets of fees, but in the scheme of things, that is small beer, versus potential losses of moving 8.5m shares.

Funnily enough crudeoil, I am phoning them this afternoon.

The answer through their online chat help was not... helpful. If I need to move my ISA, I'm going to do it sooner than later.

Snap, Monty! I have 8.5m in an ISA - desperate to find a few spare quid to make it 10m - it's literally free money, but I pushed myself to the limits getting where I've already got to. I'm not quite at the point of extending my mortgage to get a few more quid.... or am I...

That's a pretty much bang on summary, Monty.