Kryso Resources Share Discussion Threads

[novicetrade68] 30/9/2013 15:51

'Impressive' how China N-F managed to completely take over this company without actually bidding for it. Not really surprising to see Craig leave now as well as one of the last remaining non-Chinese directors. It seems the company won't be called Kryso Group after all.

[smarm] 30/9/2013 15:47

A sad day.

S

[ned] 27/9/2013 18:46

lol CP



..............it has been a painful experience both for the crews and for those of us watching the very slow progress.


Sounds as though he has got one eye on the race and the other on KYS!

[carlos panda] 27/9/2013 17:56

CC

At the current gold price you may be right (although spending either one at Waitrose is tricky).

[charles clore] 27/9/2013 17:35

et sapientia melior auro!

[carlos panda] 27/9/2013 12:23

CC

Sic semper...

[charles clore] 27/9/2013 12:01

These corporate paper re-shuffles usually are, Carlos.

[carlos panda] 27/9/2013 09:30

abacus23

As you say, everything as expected with good progress being made.

My assumption of an HK listing soon after the corporate restructuring has proved to be wide of the mark so I guess the other possibilities are just prior to production or early 2014. I would prefer the latter as at least it leaves time for an upwards share price move in HK prior to production (which given the lack of UK holders would appear tricky on LSE) and the opportunity for a placing at a better share price than our 25p to 35p band.

This hiatus between (anticipated and thereby already virtual) UK delisting and the proposed HK listing has proved to be something of a disappointment.


CP

[charles clore] 27/9/2013 09:23

Not a bad thing. At least the Chinese dont keep selling!

[abacus23] 27/9/2013 08:25

27 September 2013

Kryso Resources Corporation Limited

('Kryso' or the 'Company')

Interim Results for the Six-Month Period Ended 30 June 2013

Following the Scheme of Arrangement which became effective on 30 July 2013, under which the Kryso Resources Corporation Limited (AIM:KYS), was established as the new holding company of the Kryso Group, Kryso today announces the Interim Results for the six months ended 30 June 2013 for its 100% owned subsidiary, Kryso Resources plc.

Operational Highlights

Increase to Measured and Indicated JORC Code Compliant mineral resource estimate and declaration of Reserve, as announced on 17 June 2013
Measured resource estimate is now 1.9 million oz at 3.16g/t gold at a 0.5g/t cut off, compared to 1.76 million oz at 3.00 g/t as previously announced on 9 May 2012
Indicated resource estimate is now 660,000 oz at 2.05 g/t gold at a cut-off of 0.5g/t, compared to 449,000 oz at 1.83 g/t gold as previously announced on 9 May 2012
Declaration of a proved ore reserve of approximately 1.55 million oz at 3.1 g/t gold at a cut-off of 1.0 g/t and probable ore reserve of approximately 222,258 ounces at 2.5 g/t gold at a cut-off of 1.0 g/t
Corporate Highlights

Introduction of a new AIM listed holding company incorporated in the Cayman Islands
New corporate structure to facilitate potential M&A activity and a listing on the main board of the Hong Kong Stock Exchange
Post period End

Award of an external power supply contract
Award of contracts for flotation cells, crushers and ball mills
Continued progress with mine construction; remain on track to bring the mine into production in 2014
For further information please visit the Company's website (www.kryso.com) or contact:

Craig Brown, Kryso Resources Corporation Limited
Tel: [phone]

Jeremy Ellis/Chris Sim/George Price, Investec Bank Plc
Tel: [phone]

Jon Belliss, Guy Peters XCAP Securities Plc
Tel: [phone]

Paul Weigh/Halimah Hussain, Blythe Weigh Communications
Tel: [phone]


............


Cant see anything new in there.

Judging by the comments, not many UK shareholders left.

[carlos panda] 25/9/2013 19:56

doldrums |ˈdɒldr01;mz|

plural noun (the doldrums)

1 a state or period of stagnation or depression, e.g.: the KYS share price has been in the doldrums for the last twelve months.
2 an equatorial region of the Atlantic Ocean with calms, sudden storms, and light unpredictable winds.

ORIGIN late 18th cent. (as doldrum 'dull, sluggish person'): perhaps from dull, on the pattern of tantrums (which is what I'll be having if this continues for another six months).

[charles clore] 25/9/2013 17:14

Well thats a strange markdown on no trades. And if she drops to 27 it looks like we have a weird looking inverse head and shoulders forming.

[carlos panda] 23/9/2013 15:42

CC

I'm no expert on this but I should have thought so. Even if not viewed as a regulatory announcement (which surely the LSE delisting must be...) the information could still appear via the RNS system.

In fact I don't care how they announce it - I just want them to do it sooner rather than later. Certainly not just in time for lunar new year 2014!


CP

[charles clore] 23/9/2013 15:25

Carlos Panda in your opinion would the announcement of KYS going ahead with the HK listing be RNS-able?

[carlos panda] 23/9/2013 15:16

ned

It's comforting to see further confirmation of the high level contacts between KYS / CNMIM and the Tajik government.

It would be even better to receive news of a schedule for the HK listing (no details available when I checked recently).


CP

[ned] 23/9/2013 09:21

CNMIM Attend the Reception of the Independence Day of Tajikistan

[rhuvaal2] 11/9/2013 15:38

Yes, I was one who topped up today @ 28.5 and they've gone easier since. I think 6 to 12 months ahead... many a reason for gold to harden in due course.

[carlos panda] 11/9/2013 14:57

CC

Unfortunately you may be correct with HKD 4. The longer the time between the recent UK corporate action and the HK listing, the more the UK share price weakens. There must be very few UK investors looking to buy KYS (apart from a few existing shareholder top-ups) and I imagine that the great majority of HK investors (like those in the UK) tend to hold only local stocks.

For some reason I was expecting the HK listing to follow pretty soon after the UK changes but clearly this now appears as optimistic as my HKD 6 and later HKD 5 hopes.

Of course in the long run this doesn't matter too much but it is frustrating to see that many stocks on my watch list have increased by 30% to 50% recently (e.g.: ANR, CGH, MML, QFI)!


CP

[charles clore] 10/9/2013 17:03

Only my opinion but 32.75p or $HK4 would appear to be a starting point for the Hong Kong listing as there is still strength below that price which I assume to be Chinese interest.

[rogash] 30/8/2013 14:40

Griffin, Many thanks for that.

[griffin4] 30/8/2013 12:21

Rogash, no one knows the actual timing but I think they will be doing it as soon as possible in order to get a better profile and share price for the company, I see HK listing as very very important.

[rogash] 30/8/2013 08:51

Does anybody know the likely timetable for trading in H.K.?

[carlos panda] 27/8/2013 15:59

CC

I'm not sure how exciting the full resource update will be given that that much of the 2012 drilling was included in the ITR (17/06/13) (see my AGM notes in post 13069).

However I agree with you that management may have something up their sleeve and that given Craig's comments on a $300m - $500m company (50p - 80p per share) HKD 5 now looks pretty likely. Of course in the end it all depends on demand for the placing. HKD 5 with NO warrants (my particular bête noire) would seem reasonable.


CP

[charles clore] 27/8/2013 15:08

CP it will also be nice to have the drilling results and the other items in the pipeline as mentioned in the video. I still hold great hopes for a surprise from Rufigar. Can't help feeling something is being prepared for release to coincide with the HK listing which should, imho, be introduced at a minimum of $5