Member Info for oilmagnet477

Jim - in all honesty, I've no better idea than you.

Assuming the CAI shares are a separate entity from KRS shares then the value is surely whatever you can sell the shares for (were you minded to do so?)

So if you got AUD 3c per share - you'd receive that cash value and still hold KRS shares - the market will surely determine what they are worth at the time - and that will depend very much on the market and news flow - obviously if everyone sold their KRS holding once CAI shares were received, I could see values dropping but why would anyone do that? Surely the inherent CAI value (at any given point where one might sell them) totally de-risks KRS (at it's current value).

As I've said before, buying now (if you have spare cash) seems like at worst, a 'no lose' scenario - you get your money back selling CAI and hold KRS for the potential (??????????????????) of Togo. I guess from that point of view, the brokers are correct but imagine where the KRS value would be if CAI hadn't been in play for the last 2 years.....
If you have a residually high average, then Togo and future gains in CAI give potential that (if I were still in) you wouldn't want to lose IMO.

GL

I would add though that it seems pretty underhand that he has been able to buy 19m KRS shares at 0.40p without affecting the SP - Looking back over recent trades, something doesn't quite add up.........

what DR has done here IMO....
He has just effectively bought another 5,598,215 CAI shares. Why not buy CAI shares on ASX? Could it be that he wouldn't have got away with that without hiking the CAI SP?

Whichever way you look at it, his combined KRS holding of 489,557,584 equates to 143,061,831 CAI shares after distribution. Maybe CAI shareholders fail to appreciate that his significant holding over there will be going NOWHERE - therefore reducing the impact of any CAI sells from KRS holders.

He also retains (and extends) his KRS significant KRS holding which he wouldn't add to if he just bought CAI - regardless of the immediate KRS prospects, I suspect buying KRS shares to get CAI shares probably works out in his favour, one way or the other.

GLA

I think I need to go back into the Bunker and have more coffee!
1m CAI shares are worth 10 times that - bl00dy decimal points!

GLA (Red faced apology!)

I've done some calcs and I'm left wondering........
3,422,000 KRS shares (if you got them at 0.4p - unlikely now!) is going to cost you £13,688.
1m CAI shares are currently worth £1,600-£2200 - depending on CAI SP - currently 3c/s - my calcs determine 3-4c at 1.82 AUD/£
Net result if you sold you CAI shares immediately - you are left with KRS shares which have cost you 0.35p to 0.33p
If the Togo project goes ahead then let the good times roll. If not, what happens to the KRS share price if all the bandwagon merchants sell after disposing of their 'free' CAI shares.

I don't wish to be negative but there are still a lot of unknowns here. DR as already alluded to concerns about CAI SP if everyone in KRS sells after distribution.

If you choose to hold both shares after December and both projects come good then the Promised Land cometh.
If you are a trader looking for a quick profit from this then I'm not sure it adds up.

If your KRS average is over 0.75p then do you have any option but to hold and hope......

GLA

check out RNS 6199L dated 29/04/15

Transfer of PAN asset to Burj + purchase of additional shares for a 20% holding - total cost £1.1m

£1.1m converted to £1

Phenomenal ROI!!

One by one the pieces are starting to fit:
1. Disbursement of legacy assets - no further cash calls and locked away for any future gains
2. Weshop and Brandshield exclusive tie in
3. $300k increase in BS investment by TSI - probably recent warrant $ (no added dilution) - repayment or conversion to further shares in BS. More detail on this would be great.
4. Weshop working hard over Summer to finalise product before re-launch.
5. AL's true colours shining through - A&M background and not a shyster CEO just in it for the salary whilst doing nothing to justify it. A rarity on AIM I suggest.

GLA

https://audioboom.com/posts/7357213-bidstack-two-shields-investments-and-bahamas-petroleum

About 27 minutes in. If you think TSI relates historically to BNR and the days of CW and CE then you may regret it.

But you have to agree that, whilst you are correct in your analysis of BNR and early days TSI, Andrew Lawley has done little wrong since taking the helm earlier this year. Ells and Wood did untold damage to reputation and sentiment but our current prospects and potential with Weshop and Brandshield are lightyears ahead of the historic mining assets.

Yes, the RTO is 'rumour based' at the moment but can you offer an alternative reason behind why Weshop Directors (some big names) would swap their shares for TSI - it didn't raise them any money, their shares are locked in and were converted at a premium to the then TSI SP.

Interesting times and hopefully less need to be quite so pessimistic - and by the way, I have been here for nearly 3 years :-)

http://svscapitalmarkets.com/corporate-broking/

Keras Resources on their list. Russell maybe needs to find a new broker?

*Calidus shares (Not KRS Shares!) DOH

Whilst to many, I guess the PFS is potentially a little underwhelming, to me it speaks volumes about what has been learned from past mistakes. Although it isn't spelt out specifically, this has 'tribute burned fingers' written large all over it!

I am unsurprised by today's muted reaction on AIM - after all we already had a JORC of 1.25m oz and the PFS refers to 30% of that? There is also some way to go before mining is secured (12m expectation of licence - although to be fair this isn't in Togo thank God!)

The in sprecie transfer is still looking like year end so still time to get on board during any quiet times and I totally agree - why push up the value of KRS shares which then restricts how many shares KRS holders get. Personally (and totally without agenda as I do not hold) the transfer IMO should be 'ramped' to favour those who have held longest - tricky but fair as without your support KRS would have been a dead duck way before now.........

Overall a good piece of work but I would still stress that DR should now focus all efforts on getting to production asap and reserve further project expansion until this can be done with re-invested profits.

GLA and all the best

OM

The 1bn shares swapped into WS Directors hands are locked in for 6 months so pretty sure it isn't them? Ditto the 0.1p warrants (locked in for 12 months). I guess the warrant holders could be selling down their original shares and replacing them with warrant shares but in the current range, would there be enough (if any) profit to justify it?

Otherwise, I'm not overly fussed if TR1s don't materialize. If anticipated news flow feeds the momentum we are now benefiting from and we know 30% of shares (+) are in sticky hands then the only way is up IMO.

Assuming the good news continues!!! But to that end, I still figure that the Weshop Directors gave up their shares for TSI shares for a very good reason......

Remember, Weshop DO NOT hold 30% 0f TSI, individual people do - that makes the RTO issue less clear but I'm pretty sure we will learn more in the coming weeks and months - If WS Directors are locked in until December, my guess is that we will benefit from further good news flow over the next few months/weeks GLA

Worth remembering that these are locked in for 12 months.

"On the deal structure, I believe it is important to point out that based on an assumed share price of 0.65p, the gross cost of the 25% investment in CBH Blue is £3.575m. Assuming the exercise of all 550m Warrants, which will release the shares, Blenheim would receive a cash injection of £1.925m which is equivalent to the net investment of these licences, satisfied in stock (estimated value £1.65m). Additionally, we have renegotiated the terms, initially announced, to include the 12-month lock in period for the 300m 0.1p warrants. We believe that this underlines CBH's commitment to the future of Blenheim, its investment strategy and future development"

So the name has changed but so have our prospects AT LONG LAST!

GLA

YES!!
Been locked in here soo long I need a supplies air drop from the good old boys at the RAF!

New undies defo needed and some cold beer wouldn't go amiss.

Babbler - totally agree but like minded investors in this share have been through some tough times over the last 12-18m so just hoping for some 'ramp free' discussion.

Further 10m, 5m and 3.7m buys today tell their own story. IMHO, strategic investors loading up in advance of news. TSI original £150k investment in Weshop was 'pre-IPO'. Given the 33% investment from Weshop holders into TSI, it looks more and more likely that TSI will be used to give Weshop a platform on AIM. New TSI holders from Weshop are locked in for 6m but if they weren't confident of TSI delivering something of benefit to them then why not just keep their own shares in Weshop????

300% increase from lows of 0.07 and virtual silence on here? Does that say more about TSI history or no one using LSE any more? Seems other share pages are still generating comment. People may realise too late that TSI is now being run properly by a decent CEO. Weshop should really transform things here. Hoping news lands soon to underpin and propel this great turn around. Shame Charlie didn't have the gumption to do what Andrew Lawley has done/is doing. GLA LTHs

Apologies for being potentially indelicate but could you please give us some insight as to how many of 'your life years' you anticipate having going forward.

Thanks OM ;0)

However, I was referring to this (from the same RNS):

"Cash conservation remains a priority until commercial mining produces positive cash flow, and the non-executive directors are continuing to be remunerated at some 50% of their entitlements. Should future developments require new cash, Keras is in a position to obtain this by borrowing against the security of its holding of Calidus shares or disposing of a small proportion of such shares rather than seeking new equity."

Another cracking CAI RNS - PFS looks nailed on IMO...

however, even though the KRS owned shares in CAI may have already been taken account of in the MC, the fact that effectively 43% of CAI shares have been 'untradeable' since IPO has, imho, had a negative effect on the CAI SP to this point.

If KRS holders who receive CAI shares via the in specie transfer were to all try and sell their shares (to justifiably recoup some benefit from holding KRS shares for so long!) then the potential effect on the CAI SP could be significant - albeit for a short period. No one has also determined EXACTLY how many Calidus shares will be divided up between KRS holders. The number of CAI share is known, but how many of these will KRS withhold to raise cash for Togo?

I haven't worked out the notional value of CAI shares to KRS but if KRS wanted to inject $1-2m into Togo, what % of CAI shares would be 'sacrificed' to achieve this? On the upside, one assumes that this would only happen after the receipt of the Togo mining licence and that a cash injection without debt or dilution would have a significantly positive impact on the KRS SP.

On balance - loads of potential but still lots of imponderables.

GLA