Member Info for Pinecone54

Good point, unfortunately only he knows the end game, we can only speculate!

So……… he obviously still sees potential here; he could be taking up a very long term position or has connections to other businesses that would like a piece of the action, with a seat on our very small board!

PC

Slowly accumulating!

15-16-17…………end game?

PC

OK….. yes I’m bored, waiting for the Utah season to end; but instead, decided to do a search on Togo in Africa Business + found this little snippet from June!

“The government wanted to develop this strategic asset, but its operator, the British company Keras Resources, was making slow progress on the site. Togo, therefore, took over Nayéga from Keras in May and handed it over to STM.”

Not quite sure “slow progress “ is telling the full story here, but it’s what it is, delay, delay and still a delay even after the handover!

Say no more!

PC

So here it is…………..SQM buys a stake!

"Calidus will maintain its position in Pirra at 40% due to the significant potential of the land package and will re-assess its options for this holding as exploration continues," the company said.

"In line with this approach, there is no plan to seek an IPO of Pirra in the immediate term."

Not out of the question…….. but not just now!

PC

Calidus!

Been on the cards for quite some time, well signposted, but to what end?

“Significant transaction”, within Pirra Lithium, at least now hopefully we will have more details of the project.

Could be, it’s moving away from the shareholders demerger option, with a total buyout more likely!

PC

Chesh don’t think Carbon Credits will be a saviour here, in the short or even longer term!( think we may have been sold a pup there!)

We do however,need Togo to get going, we can then if we have the inclination, to develop something else to add to the stable, for after the three year period has elapsed!

PC

Well…….. he seems confident enough, to continue to be buying the stock!

PC

Very sad for your loss!

Hope you can find solace in the life and times you spent together!

PC

Listen, I’m no expert here, but I cannot in all seriousness book a series of share trades in under four minutes, let alone four seconds, as those recent trades show!

So I think they are probably the results of trading within a group!

PC

Yes,there was one other who also attended last years meeting!

Not sure if he will post anything, but as for anything else is concerned, I feel it should be up to the board’s discretion to update the market, “when” there is something to report.

So, I had most of my questions answered, but if any of you who wanted to know more, probably best to attend the next meeting, where you can get to ask and hear first hand details from the board!

All that could be said was, continue to watch this space!

PC

Whilst we await the official announcement, here are a few notes from the meeting!

Well……managed to express our frustration at the lack of comms, I actually “read out” from the LSE boards comments (silence) from Propinquity, Amadan and Diggit1gold’s ( right ).

They did admit they needed to do a lot more!

But they will not put out just for the sake of putting something out!

However, did get some answers on Togo.

We have not as yet started the project!

It’s in the hands,once again with the government, they need to agree some details; but Russell and the board agree they have a very good relationship with them!

This would sound out as true, as the fact the money due “was” paid and before the required date.

Everything is ready and just awaiting the confirmation!

And our once member of staff, Blaze is now within the government framework and assisting with our requirements!

One detail confirmed was, should there be any disruption to the project, there were structures in place to protect our interests.

The original off take buyer, is still in the conversation amongst other interested parties!

On Diamond Creek one thing confirmed is that Christopher Grosso is still a keen advocate of our company and is still buying!

I also mentioned the issue of our profit showing as an AISC, now they accept it was an error,it should just read profit!

We had an open discussion after the official meeting, but no other meaningful specifics came out of these!

PC

Oh for the heady days of May 22 with all those millions being traded!

Maybe again…….. who knows!

PC

Just a quick search on:

https://kerasplc.com/

It’s there in the investor part!

PC

Chesh!

They are there already, in the investor section!

Assume they will want a full days trading and announce tomorrow!

PC

The fact Togo actually paid-up bodes well for the balance of the agreement!

PC

Hopefully, Russell is busy negotiating the deal to get the project out of hibernation and into any sort of production!

I the meantime, Graham must be pushing the US plant, to maximise the revenue and looking to expand the portfolio of products available!

The US government seem very positive on their up and coming needs and are gearing up the accounting process for those companies that can improve local opportunities in providing the necessary subsidies!

https://www.usda.gov/media/press-releases/2023/03/10/usda-announces-29-million-increase-american-made-fertilizer

PC

Very similar to our recent announcement !

“Namibian uranium miners could be the latest producers to face the global trend for nationalisation of resources.”

“We are making a case that local ownership must start with the state, which holds ownership of our natural resources,”

PC

I’m sure the board are well aware of the current share price; needless to say, they do need to up their game on the comms front!

Seven months is far too long, when promised regular updates!

Especially, as it was discussed openly, at the investor presentation last September, at what was to have been a new beginning for the company.

So far…… same old ….. same old!

PC

Last email I sent was to graham@kerasplc.com

Good luck!

PC

Since they went down at the weekend ( maintenance!) I’ve had problems getting past the log in system!

Wouldn’t recognise facial so had to type in manually at the very beginning ( where you need to verify you’re not a robot!)

That appeared to solve the issue!

However, the fact there’s little to discuss, currently makes this an irrelevant comment to make on this board!

PC