Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://twitter.com/shanta_gold/status/1097419154670407680
Proud to be a shareholder!
The performance shares already issued are included in the 1,419 Million Calidus shares, but are in escrow until June (23rd I think), as are the original shares issued to Keras when the original deal was done.
Together they make up 32.3% of the 1,419 million = 458,337,000.
So I make it that leaves almost 1,000 million shares currently “in circulation” which can be traded.
Performance shares for Keras on a positive PFS are 275 million, which will also be escrowed until June, assuming they’re issued before.
There would then be 1,694 million Calidus shares , of which 733,337,000 held by Keras.
I really hope, expect even, that Keras will ask all shareholders prior to the in specie distribution whether they wish to retain their Calidus shares, or to sell them, or perhaps a mix - sell some, keep some, and that they might find an investor(s) (Alkane?) for those that shareholders wish to sell, so that there aren’t suddenly loads of shares available on the market.
With many investors having Keras shares held in ISA & SIPP accounts, and thus protected from CGT, some with brokers who currently cannot trade ASX shares there is plenty of thinking & planning ahead for us all. But however keen we are to plan ahead we just have to wait for the PFS & of course the gold price to keep steadily rising!
All IMO & open to correction, as worked out at 10.45 pm!
On Shanta website - https://www.shantagold.com/_resources/Cape%20Town%20Indaba%20Corporate%20Presentation.pdf
Resource upgrade due this current quarter.
https://www.investi.com.au/api/announcements/cai/e5867780-7b4.pdf
https://www.investi.com.au/api/announcements/cai/79b26dd4-4f2.pdf
As tweeted by Calidus - https://stockhead.com.au/resources/gold-is-on-a-rare-tear-right-now-and-theres-no-sign-of-it-slowing-down-in-2019/
Mine too!
Have a look at this TB - https://www.proactiveinvestors.co.uk/companies/news/210475/shanta-gold-says-fourth-quarter-looks-set-to-be-strongest-period-yet-210475.html
Including “"We are making steady progress with the Singida funding plan, which as we have stated previously, will be completed at the asset level and not through Shanta Gold shareholders. I look forward to providing a more detailed update in Q1 2019, with a target to complete the funding during the course of 2019.”
https://www.streetwisereports.com/article/2018/12/31/whats-different-with-gold-this-time-around.html
Courtesy of Major Johnny on Hot Copper - https://smallcaps.com.au/gold-stocks-set-to-shine-2019-investors-safe-haven-metal/
Note the quote attributed to Peter Schiff, Head of Euro Pacific Capital “the market could soon see US$5,000/Oz”
GLA
Thanks F@l that works!
Can you not post a link to it?
Or use this website if it’s too long an address - https://tinyurl.com/
Hi Chirpy! Quiet on here isn’t it? If you look back at the July RNS, it says “as a critical step in the Exploitation Permit approval process, it has been granted permission to undertake a bulk sampling metallurgical testwork programme at the Nayega Manganese Project in northern Togo ('Nayega'). This will include the processing of 10,000 tonnes of beneficiated manganese ore ('Mn')” Presumably successful production in the test will help secure us a production license?
https://twitter.com/shanta_gold/status/1077226484618719232
Well done all at Shanta!