Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
you could have at least paid the trading fee ;o)
Circa £3m MC today?
Look again, it is double that!
Can't disagree with the sentiment of your post but do not automatically assume he will trigger a TR-1.
He already triggered a >3% TR-1 back last year. Given the added shares since then, he could take a significant number of shares, whilst still maintaining his overall %
We may well get details in the forthcoming RNS (following tomorrow's GM) that the placing has taken place successfully and the following existing shareholders took part - we may even be given quantity details but as I say, don't hold your breath for TR-1s.
( comedy genius an al ??)
Did you really mean to put a space in there or is it a typo?
I am declaring myself 'out' before I go any further. I assessed my miniscule holding before the split (105k shares in old KRS) and determined the transfer of calidus shares would be worthless after all the advertised costs etc. I sold for an £8 profit (lol - a first!)
This debacle (that is what this has turned into) is an utter disgrace! I have no doubt that DR and RL thought that this was a great move for shareholders of KRS but the way this has been handled has been simply staggering in its' incompetence.
I don't know who is at fault at the end of the day but SOMEONE needs to step up and take responsibility. DR has got his gold project separated from KRS now, so apart from his residual holding in KRS shares (which he isn't going to sell any time soon I'm guessing) and therefore will happily watch this sort itself out over time.....
It really does make you wonder WTF is going on. Isn't this the sort of thing the FSA should be all over? Seriously, if Carlsberg made beer like KRS do company capital splits, it would taste like **** - oh, hang on, it already does!
The fact that I could now buy nearly 3 times as many shares with the same cash after I sold totally removes the 'benefit' of the Calidus shares IMO. For a miriad of reasons (not least a dick of a son who wrote off his/my! car after 3 months of driving), I can't now take advantage of these 'fire sale' prices.
RL has some questions to answer - after all the talk in advance of the split, where is any news??? Just because it has been raining a bit for 3 months, has Russell achieved absolutely nothing noteworthy???
I remain positive for now on the prospects here but I have to say (and I appreciate I am an ex holder) the credibility that I once took as read, is looking somewhat shaky.
GL all and a belated HNY
Great potential for Weshop but for Hoover.....
....that sucks!
£5.98 is what TSI have invested into WS -same as the latest £2m raise by WS - ie there heas been no devaluation of WS shares over time.
BJ - Get in to Politics (Quickly). I'm sure you'll do better than the other BJ and if you can talk out of your ****, then you are a shoe in for Westminster life.
Go BJ - you'll get my vote
Well Stone me! Your jokes just keep s(l)ipping to unimaginable depths
For 'sipping' read 'necking large volumes' ;-)
Only sipping I do involves Beer or Wine. Pension tied up elsewhere - best where I can't **** it up!
JT - fair enough but if you had Bed and Isa'd the KRS since, on divergence, KRS would have remained in ISA irrespective of what happened to CAI element. Not trying to tell anyone what to do but anything to legally avoid (even the potential of) tax has to be done IMO. GL
should be holding KRS shares outside of an ISA (assuming you are UK based?)
that's just mad - a tax free wrapper - use it!
Annoyingly, the transfer of value to CAI shares is unlikely (?) to be ISA eligible - there's the rub I guess
CGT applies to any capital gain (over the annual allowance threshold - last I looked it was £11k I think)
The KRS SP at the time of the demerger was about 0.45p - therefore I'm using a 50/50 value split to provide an example.
Assuming you had 1m KRS shares, the value at split of your PF would have been £4500.
That has now changed to:
1m KRS shares at a nominal value of 0.225p - £2250
345196 CAI shares - attributed cost of acquisition of £2250
This is ALL about what your broker has been told to attribute as a split of the value of KRS shares at the time of the split.
One assumes you all know what your average cost was to acquire your KRS shares PRE Split.
Lets assume you had a average of 0.7 (not to hard to imagine!) - that would result in a true cost of £7000 for your 1m shares.
Therefore, £3500 for 1m KRS post split and £3500 for 345196 CAI shares. As long as you have documents to support your average, how can the HMRC determine a Profit? Especially at current SP
Bass - he asked on the 21st (ie after Calidus split) and claims to have bought thereafter.
First - missed out on 'free' de-risking Calidus shares and
Second - didn't wait for the dust to settle on the split before buying.
If I was being generous, I might say unlucky. However, as a realist, I say either a de-ramper or a poorly researched short piece of flat timber
"more than you have done"
Best to know what you are talking about before making yourself look like a total ****er
Denby69 on 21st Nov:
"Have this company got any proven assets" yet claims to be invested? Go figure...........
looks like HL have one or more spotted dicks?
Should be pretty straightforward going forward.....
I was tempted to look back and try and see where we were before Calidus, or even the less than successful gold tribute enterprise came along but LSE in their wisdom have removed all the old Ferrex data and KRS rns's only go back to 2016, so involve the tributes. At that time there were 1.1bn shares in issue.
I have concluded, however, that worrying about historic values is pointless! We have circa 2.5bn shares in issue. If this baseline is used then any projected value from Togo has to be recognised as 75% owned by KRS - since other 'partners' have taken a bite.
A Mn mine with a significant lifespan and take off agreements to iron out market fluctuations ought to put KRS on a decent footing - it has been stated that the financials are robust but until everything is sorted and we start production it is all a bit of guess work.
We were always undervalued (circa 0.35-0.4p with 1.1bn in issue) as there was no licence. Now that has been delivered but with 2.35 times as many shares, I would have thought a value around the same price would be fair until we know how the figures stack up. It all hinges on the figures - DR and RL have declared a desire to be 'producers' so the prospect of a sell off seems less likely - although never say never?
I'm sure the BoD are steaming about the way this has appeared to have been handled/mis-managed by the market but I have long felt that DR is a little naive/over forgiving when it comes to the market. The move to the ASX was supposed to cure all of that and has been no better to KRS than AIM. All in all - an object lesson on who wins from the markets....GLA
someone in a financial organisation being held responsible for error? that'll be a first!