Member Info for Pinecone54

Hi Markyess!

Perhaps I was a little too quick to dismiss, what now looks like an important meeting between both businesses!

Hopefully, we will get more clarity on all the latest news!

Hope to see at least some of you there!

PC

Thanks CC

So even if the brokers cannot get the details to us sooner, can we actually trade the shares on the 29th ? ( if we needed to ! )

Be your bottom dollar, HL get something wrong in the process!

Now we can sit back “enjoy” the match, then look forward to some great news early next week!

PC

Hi CC

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis
Tuesday December 10, 2019

can you confirm the above is as it reads!

With thanks to Bassguy’s previous posting!

“Once the new Calidus Resouces shares have been issued your account will be updated accordingly.

Please note that the shares will be listed on the Australian Stock Exchange, thus it may take up to around “8 weeks” for us to receive custody”

As Hargreaves are also going to take, likely weeks to do something that should take hours, this puts us at a disadvantage “should” we need to trade our position?

Also, am I right in thinking our new consolidated Calidus shares, can only be traded from the 10th December?

Please, can someone clarify in simple terms the implications of points 3.6 - 3.9 for shareholders in the announcement!

https://www.investi.com.au/api/announcements/cai/f8d08d17-496.pdf

PC

While we await “any” news, interesting to see we are still out there punting the message! ( Ed Porter, RedT) at recent show!

Panel discuss benefits of storage with solar most of which we have heard before, but for others may be of interest !

Main reason for the post is that we are still out and about in the world!

PC

https://m.youtube.com/watch?v=nP_Pn4sFp54

Sean

It’s then role reversal time!

Sell a stake of KRS, use profit to buy up a lowly CAI share, whilst all and sundry are looking the other way!

Get those spreadsheets at the ready!!!!!!

PC

Consolidation was in my thoughts to !

Currently, we are in top three of most shares issued amongst range of 70 explorers/developers and producers on the ASX.

For additional evidence of its potential to be a possibility, look no further than our non-executive chairman Brian Moritz who has just recently approved same with CMM ( being the current Chairman ) on the ASX. Worth a read up of the gossip on HC, plus they have hedged their Gold at really good prices, something we will be doing in the first two years of production!

So expect some fireworks to the run up to the deadline, after which we can sit and watch the two businesses proceed to develop positively each of the projects during next year!

PC

Hi Fira

From the GM, it appears it’s in the hands of the courts, to make the final decision, Keras have announced the 19th of November as the date, but it will only be official after a RNS.

Even if the courts give the approval on the 19th it may not be enough time to get the details made public!

So we await further news from these court proceedings to see how the land lies!

PC

Well that "was" a busy day !!

38 million on HL
8 million on NEX

Not sure where else to look !

PC

Thanks JimBL

So if we take off this costing of $1.80 from the $3.30 per DMTU gives us profit figures of :

Monthly £236k
Yearly £2.83 million

Based on the starting quantity of Manganese!

Not sure how the offtaker agreement affects this costing model .....if at all?

PC

Oh good!

Having spent over 8 hours on the road for a 45 min general meeting, cannot expend over £200 just to stay in Central London for a jolly !

Still by then most of the detail will be out in the open for all to ponder!

PC

Thanks for that blast from the past!

My current spreadsheet based on this weeks Mn price and dollar exchange ( 37% Mn purity)

Monthly revenue £519k
Yearly revenue £6.23 million

Now I’m sure someone said production costs were at $2 but would like that confirmed at some stage to add into the calculations!

But all looking good for the long term!

PC

Exactly my thoughts Oil !

This is now a very tradable share, so expect some ups and downs, although you’ll never know what are real buys & sells given the way they get traded now on these platforms!
What we do know is come the end of next month we will have a share in the Calidus story and be directly involved with the prospects of a very viable Gold mine!

PC

Looks like it’s official!

RNS our!

“Keras anticipates that the all documentation related to the Exploitation Permit will be signed by SGM and Keras during the course of the current week, and a full announcement of the terms of the Permit and the underlying protocols will be made immediately after signature.”

PC

Morning All !

Worth re reading the July 11th RNS 1599F which outlines quite a lot of the Togo projects objectives, also gives reasons for the Australian meeting last week between RL and DR!

Back in 2018 this was the thoughts of our broker!

https://www.kerasplc.com/wp-content/uploads/KERAS_NOTE_10_October.pdf

Valuation: we value the manganese business on its current small-scale mining plan at £11.7m or 0.52p/s. Keras’ stake in Calidus is worth A$16.5m or 0.52p/s. The two businesses together indicate a value of 1.04p/s not including any value for the Kamina cobalt and nickel in Togo.
Hopefully by now things have improved some what !!

PC

the sleigh bells from the roof woke me up early!!!

Hi Bassguy

Makes sense .....I’ll give it the benefit of doubt!

Hopefully, if “this one” comes off and we can get easier access to Calidus funds after production starts, will be using my “Tally” account to store all my golden nuggets!

PC

I know I shouldn’t ask, after what appears to be fantastic news, but why would anyone (or any II ) sell their 19 million KRS shares to Dave directly, when they would earn their distribution quota within days?

Also, Dave was with Russell in Perth last week talking about...........”Manganese”.....could the off taker agreement be in Australia?

Call me an old cynic, but something doesn’t look quite right!

Unless others have another view?

PC

Hi Bassguy

Translation to one of the announcements!

“The Togolese government has just authorized the Société Générale des Mines (SGM) to operate on a large scale the Nayéga manganese deposit located in the western Kpendjal prefecture in the Savannah region. This, via the adoption of a draft decree at the Council of Ministers, held Friday in Lomé.
This authorization comes as a result of the conclusive results of deposit investigations, carried out in August 2018 by the subsidiary of the mining company Keras Resources. The reserves thus discovered are estimated at nearly 8.5 million tonnes and the estimated mine life is 11 years.
For the Government, the exploitation of this deposit by the SGM will contribute to the creation of direct and indirect jobs that will have a positive social and economic impact on the area of operation. Also, this will contribute to the achievement of the objectives of the National Development Plan, particularly in its axis 2 which aims at the development of processing poles and extractive industries.”

PC

Just thinking out aloud!

Can’t be to far off we will all be talking about!

Nanki-est, Borgou , Pana and Tandjoare, not forgetting Kamina!!!

GLALTH’s

PC

Looks promising!

“Société Générale des Mines (SGM), a subsidiary of Britain's Keras Resources, won a mining license on Friday for the Nayéga manganese deposit “

PC