Kryso Resources Share Discussion Threads

[andrewsr] 08/8/2013 08:25

New presentation (26th July) available on revamped website. Peak production of 116,000 ounces/year. Could do with assay results and resource upgrade, which seems way over-due. Low-cost producers should be in demand (wishful thinking).

[c9ajl] 01/8/2013 06:51

Kryso Resources Corporation Limited(?Kryso? or the ?Company?)AIM: KYSADMISSION TO TRADING ON AIMKryso Resources Corporation Limited (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan, is pleased to announce that, following the scheme of arrangement between Kryso Resources plc and its shareholders, its entire issued share capital has today been admitted to trading on the AIM market of the London Stock Exchange (?Admission?).

[griffin4] 31/7/2013 17:28

New Kryso not yet on Aim, my broker says might take a day or so to appear on my account.

[c9ajl] 30/7/2013 12:04

COURT SANCTION OF SCHEME OF ARRANGEMENT AND COURT CONFIRMATION OF REDUCTION OF CAPITALKryso Resources Plc (AIM: KYS), the mineral exploration and development company currently developing the Pakrut gold project in the Republic of Tajikistan (?Existing Kryso?), is pleased to announce that the Court has today sanctioned the proposed scheme of arrangement between Existing Kryso and its shareholders under Part 26 of the Companies Act 2006, and the Court has confirmed the associated reduction of capital.Capitalised terms used but not defined in this announcement have the meaning given to them in the circular despatched to shareholders of Existing Kryso on 8 May 2013.The Court Order has today been delivered to the Registrar of Companies and the Scheme has become Effective. New Kryso has therefore become the ultimate holding company of the Kryso Group.The Kryso Group will have the same business and operations as the Kryso Group had before the Scheme Effective Date. The Proposals will not result in any immediate changes in the day-to-day operations of the business of the Group or its strategy.Under the Scheme, holders of Existing Kryso Ordinary Shares (at the Scheme Record Time) will have their shares cancelled in consideration for which they will receive ordinary shares in New Kryso, on a one-for-one basis.It is expected that the cancellation of Existing Kryso Ordinary Shares from AIM, the admission of New Kryso Ordinary Shares to AIM, the crediting of New Kryso Ordinary Shares in uncertificated form to CREST accounts (in the form of Depositary Interests) and the commencement of dealings in New Kryso Ordinary Shares on AIM will each occur on 31 July 2013.

[someuwin] 30/7/2013 06:53

TEMPORARY SUSPENSION OF TRADING ON AIM

KRYSO RESOURCES PLC

At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 30/07/2013 7:30am, pending an announcement.

Ordinary Shares of 1p each fully paid (B03WBP4) (GB00B03WBP45)

If you have any queries relating to the above, please contact the company's nominated adviser on 020 7597 4000.

[lupaishi] 26/7/2013 22:23

BRAZIL INFO
IBOV hxxp://lupamercantil.blogspot.com.br/

[griffin4] 26/7/2013 22:18

Ahh 0.5p back the next day as expected

[griffin4] 26/7/2013 09:22

How can the Shareprice be down 0.5p if no shares were traded yesterday ?

[andrewsr] 17/7/2013 13:50

Charles,
It should be OK in a SIPP. I've held Toronto-listed companies before in a SIPP.

[charles clore] 17/7/2013 12:34

Does anyone know if KYS can continue to be held in a SIPP post AIM? I have a fair number in a Sippdeal account.

[carlos panda] 17/7/2013 09:35

ned

I agree that the relative stability of the share price has been encouraging (especially given, IMO, the rather too rapid AIM delisting).

Perhaps my HK$ 6.00 is a somewhat bullish from where we are now but I guess it all depends on the placing price.

re: the next AGM, a more than decent rise may be called for as the days of me flying standby courier service (as I did when living in HK in the 80s) are long gone - business class now essential for long haul travel!

[ned] 17/7/2013 07:37

CP

The brainstorming meeting, if it can be described thus, certainly looks encouraging, with a nice orange banner thrown in to show their aim. I think the fact that the UK holdings are probably small now is no bad thing either - the Chinese interests are hopefully a strong partnership with a common goal, and the more interest that they have in the project hopefully translates into commitment. The high profile of the project and the relative "luck" we have had with the share price not collapsing as the shares gradually change hands, certainly gives me some confidence in holding (at a time when a bit of confidence doesn't go amiss).

I was concerned at losing the London listing, but expect they just see the move as being away from an AIM listing with little benefit going forward compared to that offered by HK, and hopefully with a large number of potential investors to boot. Kryso or New Kryso may not explode onto the HK market but at least there is some potential for it to do so if Chinese funds need to have a weighting.

Perhaps a decent rise in the share price will provide a nice cushion for your trip to the HK AGM!

[carlos panda] 17/7/2013 06:40

Griffin4

I don't think there are many UK holders these days...

In fact apart from making sure one's shares are with the right broker (pre-HK listing) and trying to work-out the best HK data feed there's not much else to do right now (except enjoy the sunshine).

The main unknowns (and hence possible discussion points) are probably the likely share price action post-listing (my guess HK$ 6.00) and the prospect of resource acquisition as part of the M&A route (CGH?).

[carlos panda] 17/7/2013 06:26

ned

Comforting to see the importance of KYS / Pakrut to CNMIM.

[griffin4] 16/7/2013 22:37

Thanks for that info ned, very quiet thread nowadays.

[ned] 16/7/2013 12:17

CNMIM Held the 4000t/d Basic Design of Pakrut Gold Mine

[ceohunter] 15/7/2013 10:51

Richard Nolan, Chief Executive of Premier Gold Resources will be presenting on Thursday the 18th July 2013,at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB. 6pm start.

Followed by a complimentary wine and canape reception.

REGISTER HERE:-

[mark of the rushes] 05/7/2013 15:30

Thanks for that....I'm quite looking forward to a HK quote, especially if it's at $HK6.

[carlos panda] 04/7/2013 18:41

mark

I'm not sure that I'm qualified to make FX predictions on future cable rates (HKD is effectively pegged to USD)!

KYS income is USD, costs USD, TJS (local currency) & some principal / interest in RMB. The HK listing in itself won't make any material difference to the underlying profit.

As far as I can see, for GBP reporting currency investors, there is no real difference (but obviously the listing has numerous other advantages such as a corporate tax reduction, possible improved valuation etc).

But perhaps I have missed your point?


CP

[mark of the rushes] 04/7/2013 16:57

Thanks for sharing your thoughts Carlos. Do you have any thoughts on the $HK v £GB? It might be a very convenient way to do some hedging without paying commissions to the city grifters.

[carlos panda] 01/7/2013 09:12

ned

No doubt I shall think more fondly of the M3 if I have to hop over to HK for the next AGM!


CP

[carlos panda] 01/7/2013 09:09

legg96

I think one can understand why some shareholders might choose to sell following the 08/05/13 announcement.

1. If their broker account precludes holding overseas stocks and they only have a small shareholding then it may not be worth the effort to open a supplementary or new account.

2. If their shareholding is in an ISA then a single listing HK stock is ineligible.

3. If they are by nature ill-disposed to overseas stocks (or foreign parts in general!).

I note that trading volume in KYS has been more than 150% higher in the period following the announcement compared to that before and also that the share price has fallen by some 20% (gold having fallen 15% in the same period). From this I think one may assume that a further 5% of the company's shares have made their way east.

Your point about the change being really a move from junior to main market is correct. Fortunately the KYS management have (wisely) decided (for reasons covered many times over the last few months) that a future in HK is preferable to one in the UK.


CP

[legg96] 01/7/2013 08:17

Carlos,
Thank you for your very considered and comprehensive reply. None of which I disagree with.
If we are to believe the company, the selling we have seen by pi`s in recent months seems to have been totally misguided. The move from Aim to HK is more akin to company going from being private to a full listing and hence the prospect of the material share price uplift. Yesterday was the first time that I personally have heard the company try to articulate that point of view.

[ned] 01/7/2013 08:14

CP

Thanks for slogging up the M3!

ned

[abacus23] 01/7/2013 08:05

Carlos Panda.

Many thanks for your reply. I will continue to hold. I thought a slow trickle would happen, but i didn't think 24p.