Tom Winnifrith Bearcast: Colin Bird, Rio Ferdinand & Toxic Dave Sefton: 2 bad guys and a hero but would you want any on the board?
I vaguely recall the demerger of Keras Resources (KRS) and ASX listed Calidus Resources around a year ago, which resulted in shares being distributed to eligible shareholders, but until very recently I wasn’t aware of quite how much fuss had resulted from this, following what appears to have been mistakes made by the company and its incompetent Nomad.
With a Market Cap of £11 million and 2.4 billion shares in issue, at first glance Keras (KRS) looks like a typically pointless resource company the bottom end of AIM. Having been around for years in different guises, it would seem its main product is more shares. As it is not a bulletin board darling, it is largely ignored by the market. On Friday it announced details of how it was going to split itself into 2 with a demerger. Unsurprisingly, this news did not set the market alight. So what is the point of all the legal and other costs, having diluted shareholders a few weeks ago to raise the money to fund the move?
Gold seems to be in an uptrend so maybe it is time to get a bit of exposure to the gold sector once more? But how? We adsked ten writers connected to this site and/or speaking at UK Investor show on Saturday if they had to bet the ranch on one stock what would it be?
What on earth made Keras Resources (KRS) boss Dave Reeves travel thousands of miles from Oz to London, only then to head up to Walsall and what happened in the black country shit-hole? I only ask because Reeves arrived in Walsall on Saturday 9th April to do a presentation after which the shares collapsed ahead of a placing announced today. You may not know much about Walsall other than that it is a post industrial shit hole but let me enlighten you.
John Meyer of SP Angel this morning comments on Aureus Mining (AUE), Dalradian Resources (DALR), First Quantum Minerals (FQM), European Metals (EMH), Ortac Resources (OTC) and Keras (KRS) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
John Meyer of SP Angel this morning comments on Anglo Asian Mining (AAZ), Keras Resources (KRS), Coal of Africa (CZA), Orosur Mining (OMI) and Rio Tinto (RIO) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.
Search ShareProphets |
Recent Comments |