Member Info for pablo2

FastLane - there are 6 resolutions at the GM (five at the AGM). Hope you have voted FOR all 6 resolutions at the correct meeting, I think it is essential to double check one's votes are cast at the right meeting. This is the General Meeting of the Company to be held on 10 January 2020 at 12 .00 noon.

Those figures are obscene - they were certainly not worth that sort of money.

Fair enough we haven’t got that much information but our current BoD is not going to publish or endorse anything to favour the new boys obviously.

It is clear to all that we have had a rough ride with planning permissions and CM payments withdrawn for so long. However, the current BoD has not delivered in so many ways these last two years. They’ve promised a few things every 4 months or so but nothing has materialised.

Imo they have deliberately confused the issue of losing the Rockpool mgmt contracts. We have lost them not because the sites are all up for sale now but because we have not the expertise to run them. We have lost the man Lazarevic who knew the business and start blaming him for leaving. He has left, blameless or otherwise, so our BoD have mis-managed the situation and lost the contracts.

The new guys will be able to get the finance we need and we do not know if that needs to be equity finance, partially, totally or not at all. They can get the business going again and kickstart it where our current BoD have failed.

Not sure you meant what's the new plan of the current Board because they haven't got one, just more wages and drag things on. They speak of perhaps getting in an expert and wittering on about the possibilities of finance - mumbo jumbo.

The new Bod will get the expertise of Paul Lazarevic straight back in the company, despite the further threats, and they have got finance ready to go I believe. They also have a very good chance of getting back in with Rockpool and the mgmt contracts back.

At the very, very bottom of today’s Rns we have the sane, reasonable requisitioners’ statement. This is what matters not the lies and fear-mongering from the current Board.

Vote ‘em out!

Just like the dodgy BoD !
There has been a trade today, a 500k Buy, the first trade of the week.

I've been accumulating lately though and am at my largest holding here now, ready to support the Requisitioners

No, none of that is fair. Quite a few Directors have been buying not just Martin who obviously did have some need to support the sp before the last month but has not continued at the moment.

Don't think we've gone into hibernation mode that oft used to accompany this share in the long winter. A Measured & Indicated M & I update for Tulkubash is due this month and our major funding is set to conclude early 2020.

It's been drifting considerably the last month but on minimal volume. Upped a bit today and that's what we need

Here is my email, perhaps drop me an email with your phone number so we can perhaps discuss if there is much we can do :
paulbryce4@gmail.com

Chirpy - I’ve got them and think we need to discuss what to do first before I just send you the emails

As we're such a small organisation, I even doubt we have an in house 'legal team'. We presumably, on occasion, ask for legal advice.

I think your statement of 'Duty of Care' is apt but perhaps that is not a legal term that could be used here, not sure.

Just to say, I have two separate emails from our two CEO's replying to 'Am I not right in thinking the qualification for CAI shares is to those who held KRS at 6pm on Tue Nov 19th ? If one sold some KRS on Wed Nov 20th you have not lost any entitlement?' that say 'I am CORRECT'.

Therefore, there can be no doubt how we've been informed by the company. The information is quite clear and now apparently incorrect.

I, in turn, have just asked the two CEO's what discussions they have had with stockmarket authorities. It is clear they never intended this situation to occur but what interests me now is have they made any overtures to overturn this or simply accepted it.

So, that looks like that, some of us traded away our right to Calidus shares although the company and most investors were completely in the dark.

What a shambles. The company makes no apology not does it state it has even tried to argue the case that that was not what it intended or informed it's shareholders.

I will ask for a full explanation from Russell and Dave. This does not seem satisfactory that we have not been informed whether the company has even tried to fulfill it's wishes.

Both CEO's blanking me so they are presumably trying to work things out and don't wish to discuss with individuals.

Thanks for that info. I've tried ringing Russell but he doesn't pick up so I've texted him just simply asking him 'is he on it?'. I also emailed Dave again similarly. That's all I ask for them to make as vigorous attempts as they can to sort out this mess.

If they can't, we're just going to have to swallow it I suppose and live with our losses.

From what you say, it still seems it could go either way. I don't know how an XC date got assigned or why the 20th. The company obviously never intended such a date to be set and there seems no precedent that that particular date should be set, ie Record +1. I remember you said HL stated the Record date is the date shareholders are entitled to receive the shares but the XC date is 'receive and keep'. Seems a nonsense and why one needs a Record date if it basically means nothing is beyond me.

I’m a bit stressed at the moment, myself Billy Boy, Chirpy Cheep, ana a friend of mine collectively sold about 16m KRS shares on Wednesday and unless things are resolved favourably, we will be robbed of our Calidus distributions.

Just texted Russell to see if he’s working on things with the LSE

Nothing back from either of them so they must be aware something's up and are trying to resolve. I couldn't have made it clearer that there is a problem.

Nothing Calidus drilling can do to the Aussie sentiment it seems either

Bit do you have any idea how this might end up?

I've emailed both CEO's again voicing our concerns. I think they issued that rns on Friday because of my previous concerns.

This time I've even more clearly stated the possible problem, urged them to seek as much advice they can and stating how several long-term holders have possibly lost a lot of money if this situation cannot be resolved properly and the allocations are not made to the holders the whole demerger process was set up to serve.

Appreciate your efforts.

Are you personally affected, ie did you buy or sell on Wednesday?

reigns.

I have tried to put these points to Russell and Dave R early Friday but they’ve blanked me after their repeat Rns of Friday lunchtime. It may be that what was announced in the first rns’s should stand as that clearly states that people on the register at 6pm Nov 19th qualify, anyone buying thereafter does not. Whether that can be enforced by KRS/CAI if there is a challenge I don’t know but their intention is clear and published.