Exactly, nobody has got ANY CAI shares in their account yet. You might have an indicative amount but they won't be the real thing yet. I don't think Russell and co have just trotted out this latest RNS without considering it from all angles.
It would be interesting if Billy or anyone with HL would care to discuss it with them again.
Well I haven't really had 'discussions' just simple emails. I've posted all their words to me.
All we can say is they're on it. They certainly intended it to be Tuesday 6pm as the date/time point for qualification. Whether they have not got it right with the stock exchange authorities, we wait and see
Also emailed Russell with : 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?
RNS on 20th Nov sated : 'Eligible shareholders will be entitled to receive 1 Calidus Share for every 3.451963 New Ordinary Shares registered in their name on the record date, which has been confirmed to be 6.00 pm on 19 November 2019. '
Crystal clear to me, holders on the record date at 6pm Tue Nov 19th. If anyone, like me, sold on Nov 20, they can't go back and say you weren't the holder on Nov 19 -plain daft
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