Member Info for pablo2

Strangely they've downplayed the importance of that ruling : it gives our SPV's back pay, it ensures their future and other sites eg our gas proposed sites, it means the current, is it 9, SPV's are now very saleable again. Mega news downplayed.

Re-instated and back-dated :

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/14279291.html

Why Plutus has not Rns'd I don't understand

Why are you repeating your posts, bit unnecessary I'd have thought?

So, Calidus consolidation soon after the distribution IS on. Don't like consolidations, they are always done for the reason of 'respectability' but they always create easier downside. But mgmt have deemed it needed.

Not surprised CAI is dropping, they are worried about our distribution and perceived upcoming mass sell-off, so why should they be keen to add or hold. Plus it's demonstrable, it's better to sell CAI and Buy KRS with the proceeds.

KRS not reflecting new, god knows how long in the offing, contract. It will be confirmed hopefully this week and the sp will definitely build up anyway into Nov 19th, definitely imo.

So, nowt to worry about, when there's easy money to be made there's always some hiccups along the way or everyone would be in on it. What price KRS sp closing on Nov 19th : 0.6p , 0.7p, 0.8p or higher ??? 0.8p minimum for me, but what price CAI, perhaps down to 0.2c ?

Even easy money will take some patience, it's never just 'stand by your wallets!'

You have a nice turn of phrase and I admit I have not heard the gerund 'auguring' used before but certainly all augurs well for KRS and CAI. We certainly are in the propinquity of greatness and I admire your's and Markyess's perspicacity.

Sorry not 4 years, 2.5years since split off.

Funny how all Buys are showing Red - the live Buy price is 0.46 and Sell 0.45, so they both go Red.

So, perhaps mm's wish to advertise there's a big sell-off going on, which there isn't

723,750,000 CAI shares to be distributed.

Current value = AUD$18,817,500 = £9,982,683

So if the CAI sp went up 50% we would reach the £15m maximum distribution, ie at 3.9c

= No Worries

The number of shares we get is fixed, has been for about 4 years !

The business of £15m max ‘capital reduction’ is a red herring up to about 3.8c or so, from memory, for the CAI sp. If the CAI sp gets higher, it’s great news for everybody. Yes, KRS might withhold some shares for our company coffers, but we’ll be much richer with the value in our CAI shares.

Surprised we couldn't maintain a bigger rise but no matter. This means imo that on distribution of CAI and KRS going 'EX' we won't crash down very much as we now have value.

The whole is worth a lot more now and imo it's certainly worth stocking up on more KRS at these levels.

who just took another 230,244, don't it's me !

Thanks PC, interesting snippets if only snippets. The ease of selling Calidus is very important and Alkane are definitely the good guys (that's what DR told me in the past).

Glad you're keeping your sense of humour Andee.

All sailed through RNS

Sorry to hear of everone's troubles especially Andee's.

Have we any attendee's left I wonder?

I too have been with AJBell for quite a few years (before they started charging to hold one's portfolios). They are a bit reluctant to commit themselves on the CAI distribution but I've had reasonably definite advice from them that they normally will hold and trade Asx shares. They have also stated some of my allocation should go straight into my ISA, unless there is further news.

Similarly, no-one is 100% certain of the tax implications until later when the court has reduced the capital and allowed demerging. There may be some tax considerations for folks with pretty large holdings, but it's again wait and see.

Jr - have you already got an AJBell account? I’ll check it out with them as soon as I can re £10k minimum Calidus shares - sounds weird

The CAI shares will transfer to wherever you have your KRS shares. Also seems likely the CAI can come direct to an ISA if you have KRS there

Still here, invested up to the hilt?

Thanks for HL blurb.

I also got the impression that HL are just spouting standard stuff. Brokers need to set a cost price on both our CAI and KRS holdings post demerger. It's all pretty arbitrary anyway and the sp's will do what they will do. I am expecting the KRS sp to go down overnight on 19/20 November when KRS goes 'Ex' by about 30% and to drop further as STH's(traders, etc) sell - don't know where HL have now got 25/26 November from ?

Maybe the date they've got is from this circular :
Expected date of High Court hearing to confirm the Demerger Reduction 19 November

Expected Record Date * 6.00pm on the BusinessDay of the High Courtorder for the Demerger Reduction

Expected effective date of Demerger Reduction 26 November

Expected date for completion of the Demerger 26 November

Asterisk : * The Record Date is expected to be on or about 19 November 2019 and the Company will notify the firm date by Regulatory Information System prior to the Demerger becoming effective.
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Reckon they've got that wrong too as it looks like the Expected Record Date will be 6pm Nov 19th but we'll find out nearer the time.
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Not sure this 'Selling' actually is 'Selling' - the sp seems to have moved now next to nothing with about 3m more 'Sells' than 'Buys'. Might be Dave's trades working through still?! Did he say how he managed to get 19m without anyone noticing and all @ 0.4p - not an average price but an actual, exact price?

'Bout time we had a 'post' on here, so, surprising but good news today : Martin A thinks it's a very good time to have him monitoring and, it is true, supporting the share price.

Apparently, Artem and Bob Benbow were agreed this swap of their options for restricted share awards @ 33p in the 'incentive plan' a while back. That's good news too as the dilution is less with the smaller amount of shares awarded than their options facilitated.

Propinquity, remind me again of what nonsense HL spouted. I know it was CAI to be traded in London, anything else?

Jr - AJBell suits me, think you’ve got mis-information on £10,000 minimum trade, perhaps that’s the maximum online value not sure. It’s a broker for smallish clients I’d say, I’ve got one or two big holdings but mostly just £2k or so in most holdings.

Does seem strange to Sell KRS now prior to Nov 20, perhaps some folks see that as a long trading window?