Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
I suppose if they really want liquidity they would announce a Record Date for the future allowing Tom, Dick, and Harry to get in. This I hope does not happen.
Bit of a worry is when we go 'ex'. Perhaps some may sell out of KRS when they know they've qualified for CAI. Not saying that's sensible with Togo permit 'imminent', but could happen.
Over there, I imagine after the 'Pre-Feas', CAI shareholders are equalling fearing a CAI sell-off when we get our entitlement.
Our CAI shares should now be out of Escrow but surely can't be admitted to trading as they have no rightful owners yet - hence my previous post about 'Escrow to Limbo'
But presumably, CAI shares, into Limbo ‘cause got to wait for next month’s PFS. Got a few more Friday just in case but I’d love a little spike in something else to cash-in to get more KRS before Record Date - however, it may be June 21st ???
As a non-holder, I presume you haven't been studying the development of the Tulkubash project alongside the Kyzltash project for the last 8 years or so like a lot of investors have on here.
We've watched the company being dragged through Krygyz legal battles and slowed down by previous ineffective mgmt and Chinese involvement. We finally have a mgmt with over 40% skin in the game capable of delivering a fantastic business in the Krygyz and the FSU where they are comfortable and very able to conduct themselves.
This company is building a big stake in the region, as LTH's we are all well pleased and in profit with our investments and we're all looking for a lot more in the next 2 or 3 years.
Great interview with Dusty on the 'mediocre resource' Shakhtar declares, where just last year's drilling was in fact the lowest discovery cost Dusty has ever had in his 44 years in the industry adding 650 k oz of gold and another 1.5 years to life of mine.
https://www.youtube.com/watch?v=1uWn1p3uleE&feature=youtu.be
You know that innocuous share movement reported yesterday by Russell Lamming of 47m shares from some Trust into his own name, wonder if there is some deliberate positioning there ahead of an imminent CAI share qualification??!?
Nothing to suggest there is or isn't but it seems a big move for no obvious reason.
Looks like AMP is toast. Maybe very soon, maybe Sept 30th, but can’t see any way out that keeps the company afloat. Even understanding lenders aren’t going to run with this imo. Great idea setting up small companies and getting them going but they’ve all taken too long. How long till Motif pulls it’s socks up again, 1 year? 2 years? Too long for Amp
Enlighten me on your name, I used to watch loads of those Phil Silvers’ shows, magic. Don’t think you’ve got many worries about ‘bust’ if you’ve averaged down to the teens, it’s ‘win big’ for you and me. My first buy in was at 64p but my average is in the low teens thankfully now. We’ve outlived Dekel, Linda and others and watched Martin A and ‘Fasanara’ take complete control. He’s got so much skin in this game, he’s not going to let us or himself down. Have a feeling his average might well be in the 20’s now, he’s just kept on buying all the way back up
Don’t think there’s much to worry us. Perhaps this tenement thing maybe a small spanner but not too problematic hopefully. The actual distribution of CAI shares should be a fantastic bonus and something we’ve all been looking forward to, and it’s now nigh on certain to happen(positive PFS). No big worries unless you’re a 50% tax payer with about 20 squillion qualifying KRS shares. Still hoping to get some more KRS shares soon before any cut-off
Sound Energy did this operation early 2018 when it sold off it's Italian assets to create Coro. It first went through the courts to complete the Capital Reduction and then that allowed SOU to distribute CORO shares to existing SOU holders :
The Court Order approving the Reduction of Capital has been registered with the Registrar of Companies on 13 March 2018 and accordingly the Reduction of Capital has now become effective. The Reduction of Capital has created distributable reserves of approximately £277.7 million for Sound Energy and will enable the Sound Energy shareholders on the register at 6:00pm on the repayment record date of 3 April 2018 (the "Repayment Record Date") to receive an aggregate of 185,907,500 (subject to rounding of fractional entitlements) new ordinary shares in the share capital of Saffron Energy plc (to be renamed Coro Energy plc) (the "Coro Consideration Shares") in connection with the Disposal, with the Coro Consideration Shares to be issued directly to such Sound Energy shareholders on completion of the Disposal. The issuance of the Coro Consideration Shares to the Sound Energy shareholders will constitute an indirect repayment of capital by Sound Energy to Sound Energy shareholders.
Thanks for that info, I was too lazy to check. That's great news, Russell said on April 29th, 'We expect authorisation prior to the wet season starting in the next few months.'
Surely it's going to happen this time
You’re right there, very few understand this share and there was great dismay at the creation of Calidus. My feeling is we’re going to get the green light in Togo any day, but will we need funds? We didn’t for the bulk sample but do we think the ongoing situation will be the same? CAI is giving out very good signals and imo is certain to get the positive PFS we need. This share looks to me a very likely double winner this year and I’m really hoping to get more shares asap
Yeah, don't think these should cause any headaches. All these Options expire in about two weeks and for each one exercised the company is receiving 2.5c, which is about the asking price on the open market anyway.
Wonder if June 22 might be a significant secret cut-off date for qualification for CAI distribution to KRS holders? (to be announced on June 23) Hope so, though I suppose an announcement of a future cut-off date might well spark some decent buying activity