Member Info for pablo2

I've asked Dave Reeves to confirm it's holders of KRS shares at 6pm Tue Nov 19th who qualify for CAI distribution

Firstly the value of Calidus shares given for each KRS share doesn’t seem right and therefore I think the calcs are wrong.

Secondly, don’t suppose it bothers many if you held in your Isa or Sipp or it doesn’t lead to gains over one’s annual allowance.

Definitely worth checking out Markyess posts from around 6/11/19 and @JMHDeakin on Twitter who writes Cube.Investments @cubeinvests. Joel Deakin was also at the presentation evening.

Just to add Keras has a very simple business plan and will be starting to make money next quarter, the very low Mn price permitting. This price seen as very temp and the BFS should be released soon when permit fully released and Togo govt allow Scoping study also starting for the potential to produce manganese sulphate for the battery and fertiliser industries. Production of 6,500 tons per month set to quickly rise through the year to 17,200 tpm.

All good, expect the sp to pick up again towards year end when full license paperwork complete. Wet season then may delay us a little before making money in Q1 2020

Think I can now see most of yours, nearly all done by about 8:03 ?

As I said earlier I got 110k away @0.416 and later 200k at 0.32p. The mm's were asleep it seems for a few minutes at 8 am, thought they would have dropped it a lot more on opening.

Personally I've now done ok but was well down before today's 45% increase in value. Blue skies here and down under soon but I would personally think we'd be lucky to hold 0.3p today or this week

Bassguy, my calcs based on 1m KRS before and after :

Before 1m KRS @ 0.475p = £4750

After 1m KRS @ 0.34p = £3400 PLUS 289,690 CAI @ 0.23c = AUD $6663 = £3515
So, After = £3400 + £3515 = £6915 = increase of £2165 over Before

Percentage increase = 2165 x100 / 4750 = 45.6%
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If I'm right your 66% increase was slightly OTT and we've actually managed 45.6%

Can't see much of your 10m Sells. What sort of times, prices, are they often showing as Buys?

Bassguy, I like the sound of a 66% increase! I’ll check the figures later but to make that in one day from a completely predicted event is ..... crazy - lol

Not going to be steady for a few minutes yet

mm's very slow on the ball. Managed to sell a paltry 100k @ 0.416p

Said Churchill the dog.

Good to have that all done, now what was I going to do the rest of my life?

In the morning, I'd wager - all passed and Record Date was Tuesday Nov 19

Think the mm's will drop it on opening, anything to cause alarm and get some trades moving

Yes, well hope we will get an RNS saying it's all done at the court with the capital reduction and today's Record Date can be confirmed and we can get on with our lives - lol

Last orders !

That's the first time I've heard that point of view with regards the distribution of CAI. Fair-do's to you and you surely will be able to Buy KRS cheaper tomorrow.

Each to his own. If you've been here for ages you know that Dave Reeves is a top man so despite the small difficulties of trading Asx shares I'm sticking with him. The whole saga of separating this Aussie gold business from Ferrex took so much stick years ago with most pi's suspecting asset stripping rather than creating a standalone business able to secure it's own funding.

The saga is ending tonight, court permitting. and the benefit of owning this Aussie miner which DR has personally told me he fully expects will be taken over within a next year or two, will be shared amongst KRS holders this evening. I am so glad to be one of them. We will have shares in a Togo operation just completing the final ancillary paperwork on it's exploration permit and a gold miner about to move from exploration into production or sale within two years. Brilliant.

That's definitely my last qualifying top-up !

Pine /Chirpy - who knows what will happen short-term, probably will be a big drop in KRS and perhaps some, perhaps enforced, selling in CAI won't do that any favours either.

Let's make our first meaningful calculations of our worth, say, on Friday 29th Nov. When Russell announces he has the 'piece of paper' in his hand, we should pick up. If we all look like fools with egg all over our faces tomorrow, I swear we'll all be smiling in Q1 2020.

idunnowhatimdoin - don't think you're right and I would double check again with whichever company your hoping to put the spreadbet short on with. As you say the spread at these places is terrible, they use the full advertised spread which can be 10% - 20%.

But check out and double check out the effect of the 'corporate event'. Do you get what I was saying with my example of a Barclays dividend? When it goes 'EX' when the Record Date is passed the sp is marked down at 7 am the next day and derivatives ARE affected - longs credited, shorts debited. This WILL happen with KRS distribution of CAI or you are quids in, but I very much doubt it.

AJBell accept all incoming CAI via this corporate event into ISA or dealing accounts. You can sell via telephone dealing for, I think, £29.95.

You cannot buy CAI except as £10,000 minimum thereafter

IDunnoWhatImDoin not sure where you get CFD (Complex Financial Derivative) it stands for Contract For difference but your definition is fairly appropriate. IG, however,will not allow CFD's in KRS as too illiquid, similarly we're not sure if they will allow spreadbets.

However, I spoke to the guys there and this is the story : it will be a corporate event overnight and your position will be altered accordingly. If you were long KRS you would be credited with the value of CAI stock which would have been given to you if you had physical ownership. Similarly, if short you will be debited a similar amount. So overnight your spreadbet short position will improve if the stock drops in price but you will be debited the profit a long holder would have gained. The 'corporate event' will take it's toll.

Otherwise, similarly, one could always short a stock like, say, Barclays just before it gave a 3% dividend, The sp goes 'ex' the next morning, drops by 3% but you would be debited the dividend (or credited if long simultaneously).

So, no easy money up for grabs with these Complex Financial Derivatives !

Hope a 'valid' requisition is received soon as I'll be voting to get 'em out !

Interesting to see if this news is taken badly by the market or well, or as usual, largely ignored.