Member Info for pablo2

Intercept me baby.

107gm a ton it must be shining out like beacons !

Just read your message from about 2 weeks ago. Thanks for well-wishes.

I lost everything with Beaufort but ....got it all back. The whole thing was crazy and worrying but eventually the FSCS compensation scheme has returned everything to clients.

What are you pursuing with Hoodless Brennan? Are you hoping to claim duff advice given to you? Good luck.

Still waiting for a good bit of news here at the moment : Q2 Kapan production and possible Life of Mine news; Tulkubash more drilling results; '1 or 2 acquisitions this year' was muted about 8 months ago. A decent spike and I'd like to take about 10k shares off the table for personal reasons (skint)

There certainly was a lot of 'Sell the News' traders on Wednesday.

Hopefully, the Record Date will be set suddenly by RNS with not a moment for traders to re-group. I would love that. Unfortunately, again going by Sound and their capital reduction approved through the courts, it may well not be that way.

Here's how it transpired then, announced on Mar 14th 2018 :

"(the "Disposal") released on 22 January 2018 (the "Reduction of Capital") has been approved on 13 March 2018 by the High Court of Justice of England and Wales (the "Court").

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."
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So, initially muted on Jan 22nd (we've done that bit); court on Mar 13th (still to do); announcement on Mar 14th of Record Date of April 3rd (still to do). If we use the same formula, the traders may well get 2 weeks or so to get as many KRS shares as their sweaty little palms can hold. We will, during that time, see a big rise in the sp which may well then crash the day after Record Date (similar to ex-dividend shares always do) by the value per share of the CAI allocation. The mm's will orchestra this drop, I don't doubt.

Yeah count me in as a LTH from the old Ferrex days. Still quite a bit underwater but have no doubt I'll be popping up soon.

See CAI finished Up 6.45% @ AUD$0.033 which is getting there

ChirpyCheep - think it has clearly been stated previously, though can't be bothered finding it, there will be an in specie distribution of CAI ASX shares to KRS holders. No cash.

Still no cut-off 'Record' date for qualification for CAI shares.

I've been looking back at a similar distribution by SOU of shares in CORO when, after a court capital reduction and shareholder approval, it distributed these shares to holders on a Record Date. There, the initial idea was floated in Jan '18 with a provisional Record Date set for March. This was subsequently amended early March to April 3rd with shares actually distributed on April 9th.

So, we probably will get a future Record Date announced soonish but our distribution is not forecast until Xmas I think.

Anyway, just comparing for reference.

Great news today, it's happening for Calidus and the shares are ours.

Just checked Twitter #ovb, you're right, rampathon.

Anyway, perhaps that's what we need. Surprised no 'speeding ticket' issued yesterday. Think mgmt SHOULD have conversed with Nomad to consider. If they conversed or not, nothing was issued, so the rise stands. At this stage, Day 2 (?), it'll probably stabilise.

Hope I'm surprised with some continuing Buy action and then some news released. There should be some good reason or else surely Mgmt would have been compelled to release 'we know no reason for the sudden rise' RNS yesterday.

(M here) ??

Certainly pi's look like they've found an opportunity to exit

Today we may find a reason or understand it’s just a pump and dump perhaps. Hopefully the former.

Propinquity, not sure what value we’d hit with the license but surely over a penny?

Aside :
“The propinquity effect is the tendency for people to form friendships or romantic relationships with those whom they encounter often, forming a bond between subject and friend.“ Thonk that’s the basis for Love Island

That’s what I say, can’t be anything bad about putting money where your mouth is. Having the BoD with massive skin in the game means this share is one of the safest on Aim imo.

About time we heard the true Q2 figures from Kapan and if they are going to do ‘1 or 2’ acquisitions this year, they must be well down the road.

Brilliant share, brilliant BoD, how many Aim shares are people in profit in? This must be one of them for lth’s surely. Been plenty of opportunities to average down, my first purchase was at 64p !

The mm’s certainly don’t seem to have this share figured out. Their advertised spread of around 20% is surely off-putting to getting things moving even if the real spread is much less.

Seems there was some largish sells the other day too, £7k and £3.5k etc.

Anyway, if I get any more cash, it’s going in here

One can never stake one’s entire fortune on opportunities like this imo. When ‘Proponquity’ said it’d get pulled by 31/7, I thought he meant the whole distribution thing (not the opportunity). But you can’t be certain that we will all double our money : Togo could go upon smoke; CAI might run into trouble; CAI sp might bomb when we get our distribution. All these things could affect our future wealth, but hopefully not.

I've posted this before and these were worked out @ sp's of o.4p for KRS and AUD$0.03 for CAI with exchange rate of approx AUD$1 = 56p

NEW STATS :

723,750,000 CAI shares coming our way on positive PFS
2289m KRS shares exist

So dividing up, one needs 3.1627 KRS shares to merit 1 CAI share

So 1m KRS shares gets one 316,186 CAI shares

Current costs and values : 1m KRS costs about £4,000
316,186 CAI are worth@ AUS$0.03 about AUD9486 = £5,295
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These figures were ratified by Dave Reeves

And the boys down under seem to like it, Calidus up about 10% to AUD$ 0.032

Just get something happening in Togo and we're sorted

My bet is that the cut-off 'Record Date' will be announced at 7 am one day as, 'last night at 4:30pm', ie it's just happened folks. However, if they really want a stampede of buying up to a 'Record Date' they could announce one for the future. They definitely would not announce one, 'Oh, by the way, it was 3-weeks ago', that would be tantamount to being illegal, letting shares trade 'ex-dividend' when they were not advertised as such.

Old Stats :
These are my stats verifed by Dave Reeves on Jan 24th :

723,750,000 CAI shares coming our way on positive PFS
2289m KRS shares exist

So dividing up, one needs 3.1627 KRS shares to merit 1 CAI share

So 1m KRS shares gets one 316,186 CAI shares

Old costs and values : 1m KRS costs about £3,800
316,186 CAI are worth about AUD7905 = £4,300
----------------------------------------------------------------------------------------
NEW STATS :

723,750,000 CAI shares coming our way on positive PFS
2289m KRS shares exist

So dividing up, one needs 3.1627 KRS shares to merit 1 CAI share

So 1m KRS shares gets one 316,186 CAI shares

Current costs and values : 1m KRS costs about £4,000
316,186 CAI are worth@ AUS$0.03 about AUD9486 = £5,295
---------------------------------------------------------------------------------------
Blimey Charlie, things have just got a lot better with the CAI price and the exchange rate. So, not only does one get a £1,295 profit through the CAI shares but one keeps the KRS shares that look like finally being worth something in Togo.

Trouble is this is AIM, if something can go wrong, it probably will.

I think the £15m limit to value of CAI shares that can be distributed is down to the maximum capital reduction that KRS can make. It is through this capital reduction(in the courts) that the distribution is made possible. There is a limit to how much you can reduce the capital of KRS I suppose

Some details of the distribution out today. Looks like it might take another 4- 5 months and no 'Record Date' yet for qualification. These details imo will boost our sp before the date is announced