Member Info for welloilbeefooked

Quite a few new contributors here - welcome - well researched and well thought through posts always appreciated. Have a look at this from June this year - https://www2.trustnet.com/Investments/Article.aspx?id=201706130700069059H Basically, all of the scientists/geologists involved in proving up the Togo assets took shares in lieu of payment. I know Togo is on the back burner but it's a real signal of underlying value imho. GLA

Hi JimBL, After I received the original reply to my email, I thought Dave's response potentially had market sensitive information in it which is why I asked him if he was comfortable with me posting the information up publicly. He obviously thinks the information was already in the public domain but I can't find anything to that effect.

Hi jr, This is conjecture on my part, but the more I think about it, "in-specie distribution" is not the kind of language I'd be routinely expecting an Australian mining engineer to be bandying around with his mates while swilling down their xxxx. DR responded to my first email in 16 minutes and used that exact phrase. That suggests to me that he's already been been having conversations with advisors or corporate specialists regarding the disconnect between the two company valuations. So maybe things are progressed farther than we think. AIMHO yada yada

Also, I know there might be people out there who may be thinking I have concocted the email conversation myself - if that's the case, contact dave@kerasplc.com and ask him to verify if I'm being factual. GLA and have a good weekend

Hi Prop, Happy to share the email and DR has gone up in my estimation today. You're completely right, it's not like he raises the possibility of Calidus being bought over as some kind of afterthought so hopefully just a question of being patient now. Personally, I'm going to add if I can whereas this morning I was contemplating on selling at a major loss - I'm averaging 0.7p Cheers

Hi gmcc, You're welcome - in-specie distribution was a new one on me and I had to look it up as well. Seems there may be more than one way to skin this particular cat! Really impressed with the speed of reply from DR AND i'm feeling a lot happier than I was when I read the RNS this morning. Have a good weekend.

Hello All, I emailed Dave this morning to raise a couple of concerns. To his credit, he responded very quickly and I subsequently asked him for the ok to post the thread of our conversation onto the board, as I'm sure there are many like me who have the same concerns. He has ok'd me to post , so full text as follows : Hi Dave, As a long time private investor in Keras, I am trying to get my head around why someone like Peter would be cutting ties with Keras and what kind of message this sends out to the market ? As an outsider looking in it looks like he sees more opportunity down under with the multibagger Calidus. In truth (and probably like a lot of other PIs) I�d love to know what the strategy is to release the value inherent in Calidus and get that reflected in the Keras share price . At the moment, and for the last year or two, all I�ve seen is dilution and the value of my holding plummet so I�d really appreciate your feedback. Best Regards Pat Initial response ( 15 minutes later) Pat There are numerous reasons behind Peter resignation, everything from the fact he has a new job that is taking up a lot of his time, through to issues with how accounts are dealt with with regards control issues etc and also to reduce costs at KRS so to minimise all corporate costs and minimise dilution at KRS. We plan to undertake an in-specie distribution to shareholders when out of escrow unless of course someone makes a bid for Calidus in the meantime. Regards Dave I replied : Hi Dave, Thank you so much for the quick reply. I know there�s a saying that the stock market was invented to transfer money from the impatient to the patient but it�s great to get a little reassurance so your reply is much appreciated. Would you mind if I share the information regarding the distribution on a couple of the uk bulletin boards ? I�m happy to let sleeping dogs lie if you prefer though. Thanks again. Pat Dave's response : Pat I have no issue with this at all. Thanks Dave

You're looking at the wrong share - check out what is happening over at JLP...