Member Info for Tomat02

Gixer, does it help your confusion if you then calculate that new CAI sp back into equivalent per Keras share? I make it 0.35p. Add that to current Keras sp (0.21) totals 0.56p, which showed up in someone else’s post recently

Hi Billy,

Did email Chirpy this morning, have just one to Pablo too. Thanks!

Hi Billy
We sold 4million (Mr/Mrs like you) on 20th

Believe all affected shareholders should get together to find out number of shares involved & form a group, as feel the number is relatively small at the end of the day. Anyone up to head it up? Legal action would be expensive for all involved & take forever. Would it not be better for a co-ordinated negotiation ie. some new shares to be issued as a form of compensation, while the shares are still so cheap! Any thoughts?

For what their thoughts are worth HL said in their email on 7th October “it might take some weeks “ !

Just a thought - if Hargreaves Lansdown customers with Keras share holdings at end of 20th November happened to be more than on the record date, how are HL going to distribute the Calidus shares allocated to them based on the 19th November shareholder numbers to more people , or if vice versa & the number of Keras shares held reduced, where do they allocate the surplus?
It just DOESN’T WORK.

I just had a call back from Richard at HL. He had to discuss with the corporate actions team. They are “blaming” it on LSE sending them the ex-cap date. I went over & over it with him, through all 3 RNS which state either the Court approval date, or 19th November (the same date) as being the eligible shareholders. He can see exactly where we are coming from, & agrees it needs looking into, & he would expect HL to help look into it to sort out. Don’t roll over and take this - we were never told anything about holding beyond 19th November, or we all would have! We’ve all got to insist that as eligible shareholders owning on 19th November We get our Calidus shares.

Dunkelmann - kerasplc.com, click on “latest presentation” on home page, page 3, slap bang on the map of Africa - “ Independent valuation of £11.7m, without any further capital required”

Me too SBK! I felt waiting for a reply to my secure message wasn’t quick enough so rang. HL’s ex-cap info clearly does not match with the RNS. I hope I got the chap I spoke to to understand, am now waiting for a callback & outcome! Having got the other stuff wrong on their original email re distribution I’m expecting this escapade to be an error on their part too!

Thanks for the heads up on the HL ex-cap flag on HL.
I have just messaged them to point out that the RNS clearly states the record date of 19th, & suggest we all do the same.

Hi Pablo. You’re right on the SIPP/ISA scenario, but the calcs are fine. Yesterday’s RNS on the Court Approval for the demerger included the new figure for the calculation which had to be changed following the 7 mill shares issued recently for options exercised.

Hi Billy, I just back paged to find comments other attendees at the investor evening made. Markyess said “
The differential from current market price is not even a short term concern. The market was flooded with low cost low grade material from S. Africa this year and that will flow through during the winter and will correct in the new year, as it could lead to some higher cost operators closing down (demand won't however dry up...)

The Manganese process is managed by stockpiling which means there is protection from unit cost drops. There are funding mechanisms in place to allow companies to hedge, at low cost, until reasonable market price is established - Keras has facilities lined up if it needs them. On top of that there are guaranteed price deals with off take partners that mitigates the volatile 'market' price. In short, the current low unit market price is *categorically no threat* to the Keras business model, short, medium or long term.”
I see you’ve posted again while I was looking that up, & that you attended too, but posting that again anyway, in case Markyess found that out in a one-to-one conversation rather than from the presentation.

Are you wanting to sell 4 million then BG? If not, do you not think dummy runs affect the price, especially that size trade, cos I do.

Presentation on Keras website shows independent valuation on Togo at £11.7m, which works out at SP 0.47 (rounded up). :-)

Bass guy posted 13th Nov - “ Under the terms of the demerger, shareholders on the ex-date of 26 November 2019 will receive 1 new Calidus Resources share for every 3.44229 existing Keras Resources shares held. The record date is 6pm on 19 November, however the entitlements are based on the ex-date rather than the record date. You will therefore only be entitled to the new Calidus Resources Ltd shares if you are still a shareholder on the 26th November.”.

Thought someone posted info received that we need to still be holding the Keras shares until Calidus shares are issued to us, to qualify for them?

In the words of Major Johnny, commenting on Hot Copper blog for Calidus “ the upside is huge from where it is currently trading “. That’s the point, not what Calidus is trading at currently.

Bigjonny - who do you mean by “they”. Your message is vague but alarming for many I’m sure.

From RNS dated 27th September - “ Expected date for the transfer of Calidus Shares to Eligible Shareholders 29th November”

Hi Dunno, I think you’ll find that investors in Keras are more interest in real value in the ground, in gold & manganese, not airy fairy derivatives - they’re not doing Deutsche Bank much good!