Member Info for Pinecone54

Just 22 days left!

Really surprised at the lack of progress with this share, given the potential for a significant reward for holding, even for a short term punter!

All the LTH’s will, by now be planning their portfolio’s in relation to the DFS and production scheduling!

But for some traders, they could and perhaps should take advantage of this once in a “lifetime” offer!

So how do we get this out to a wider audience?

Or do we need to get the message out at all?

After all, all those currently invested have been here, done their due diligence and are holding for the future gains!

A couple more twists and turns likely prior to “D” day!

PC

Just thinking ahead, wouldn’t it be a positive move to be investing in the community in a big way!

Remember, what Cadbury’s did for their workers!

Perhaps, setting up an environment whereby the government see, not only the financial benefits, but the cultural and personal increase in their standing within a growing country.

Making a real effort to improve the lives of the workers and suppliers would set out our stall for further projects to be considered!

PC

Not sure of the protacol of GM ‘s regarding reporting of comments from the meeting, but didn’t think I should be taking notes with so few there!

But now thinking it through, i did ask now that the demerger will be completed shortly, will it make it easier for an interested party to take a look at Calidus?

Apparently, there is a Australian corporate tax we would have had to pay(30% mentioned); so when finally Calidus becomes a standalone company it could possibly make things easier for potential deals to be considered!

Alkane was mentioned in the despatches as being very positive when referencing the share contributions they have invested so far!

PC

Sorry to hear about current bout of illnesses!

I did attend( one of only three!)
It was a bit of a non event!

Tried to get info that we didn’t already know about, but tight lipped as expected, ( Togo customer, location, what other countries we are looking into and materials)

RL and DR were in Perth ( apparently there to discuss the use of manganese for the battery market.
Brian Moritz Chaired the meeting!

As to the demerger the vote as expected past.

I asked about the record date and it’s in the hands of the court as to when / if they issue the required notification. ( so at this stage it’s still the 19th )

There was a bit of a discussion on the outcome of the demerger on the share prices. ( no one able or wanted to predict ! )

But be assured there was no “concrete “ news to help with our current situation!

PC

Hopefully may see more attendees next time!

My Togolese is a bit rusty, but I’m sure there was a word that meant “licence” and “ about time” amongst the text!

Although maybe lost in translation at a later date !

PC

I’ve asked Hargreaves to obook me in at the same time confirming my voting instructions, only know if they have, after my three hour journey down!

Will advise best I can after the GM!

PC

If Digit can get his hands on nearly 500k shares at a good price.........bet your bottom dollar 5 mill would be at an even better price!

Quite a few million trades on the NEX over the past few days!

Is there news just around the corner?

Sometimes prior to the GM you get an announcement for general discussions at same !

Here’s hoping!

PC

They have know all about this for many months!

Over recent months HL
have been in the headlights of many shareholders for various transgressions even including today by axeing it’s iPad app.

So I’ve asked the question as to a goodwill jesture on this particular issue of the combined excessive charges via three different providers!

PC

Hi GT6546

If, as you clearly point out, should there be a delay, however long, would be detrimental to shareholders in making their decision as how best to benefit from the demerger!
I would expect that RL/DR would be exploring some alternative arrangements that would allow a block of shares to be traded at a set price, in order to both avoid market instability and assist the long standing holders!

PC

Understanding the opening and closing auctions on the Asx

https://rivkin.com.au/resources/understanding-the-asx-opening-and-closing-auctions/

At some point in the future could come in handy !

PC

Have now received reply from HL, not sure what to make of it as it contradicts the RNS of 27th September, do we assume it is correct ?
“Keras Resources email "correction"
Dear XXXX

Thank you for your email. The ex-date as set by the London Stock Exchange is 26 November 2019, as per, you will have to hold Keras Resources plc shares at the open of business on 26 November 2019 in order to receive the new Calidus Resources Ltd shares. Therefore, if you hold the shares at the close of business on 25 November 2019, you will be on the register for the corporate action at the opening of business on 26 November 2019.

In response to your second query, the trade must have a minimum commission of AU$200, in addition to the HSBC dealing charges outlined in the email.

We trust the above is in order, however, if you have any further queries, please contact our helpdesk on 0117 900 9000 or reply to this message.

Kind regards,

Corporate Actions
Hargreaves Lansdown”

On the second point have registered my concern over the excessive charges !

PC

HL correction!

Did anyone else notice the error within the correction?

They are stating the qualifying date is the 25th November where as the RNS was informing shareholders it was the 19th November, so have sent secure message tonight to get clarification!
Will advise as soon as HL get back!

It’s as we thought, with HL can only “sell “ Calidus shares for a total of 1.35%. Fees (HL + DBS Vickers)+HSBC fee of £15 per trade!

Best to hold till value in Calidus is proved up!

PC

Oil !

“Thanks for that intriguing update”

Whilst it’s not a true picture of a companies standing, but I’ve been looking at one element, the share prices of quite a few explorers/developers and gold produces on the asx and out of nearly 70, on October’s price, Calidus comes second from bottom!

So, there’s quite an opportunity for significant upside after “D day” and even more progress with the up and coming drilling results and resource update!

I do not think DR hasn’t thought this end game through, to just let them both tank, without at least some vital news import to support the businesses!

Like you will be holding firm!

For both shares !

PC

Looking at our website, the current KRS shares not in public hands, shows 23.01% (DR +BM) can we add RL’s contribution of 2.78% ?

If so, makes a total of 25%+ of the distribution total “unlikely” to be offloaded!

As for the rest, who knows!

I’m sure many astute holders will have done their homework and will see through the early noise on the day/days following “D day”.
Then hopefully, be looking towards the first Q of 2020, for at least some reward for holding out with this share!

PC

So much contradictory news flow for all shareholders,brokers ( who should do better) and even our leader not really aware of the situation; we only need for the Hotcopper crew to start harping on how unfair the distribution is........to get “everyone’s “ temperature rising !

Let’s hope for some meaningful answers at the General Meeting, better still by RNS during next week!

PC

Also

Can anyone enlighten on this statement?

“It is expected that the combined value of your Keras Resources plc and Calidus Resources Ltd shares immediately following the Demerger will be broadly the same as the value of your Keras Resources plc shares before the Demerger. “

So we will have more shares but at the same overall value?

Doesn’t make sense at the mo!

PC

Just had email shot from broker!

“The Calidus Resources Ltd shares will be admitted to trading on the London Stock Exchange”

Wasn’t expecting this !

PC

I can see some of Dunks arguments, but it’s more than likely the Calidus share will move considerably higher, “after “the March upgrade!

It’s already going to be a mine, yes, we need to get to that point, however,DR has invested heavily in both companies and he would have thought out this partial end game very early on!

So anyone who can hold out, for say, two more years for Calidus to get to full production will be rewarded with a share price that will reflect the cash generative project this will become!

PC

If John Humphrys had “his” shares on hold and taken the interview.........I’m sure we would have had a more constructive/informative 24 minutes!

PC

As we move towards the link up,found this site.....for me..... seems simple to use and gives enough info ......for now!......as to the status of our potential holdings!

If others come to mind please post a link!

https://stocknessmonster.com/trades/cai.asx/

PC