Nice one, very original.To get back on topic in this thread you...

Nice one, very original.

To get back on topic in this thread you started, how do you see the release of a substantial number of shares from escrow on 23 June this year impacting the CAI share price?

For those that don’t know, UK-listed Keras Rsources holds 458 million shares in Calidus and will be issued another 265 million shares on successful completion of the PFS. These shares are escrowed until 23 June 2019. Keras’ intention, based on company announcements, is to distribute these shares to their shareholders and perhaps sell some to fund work on their own projects. This from Keras’ Chairman in May 2018:

“Our interest in Calidus remains a core pillar of our investment proposition and currently underpins our market capitalisation. Under the rules of the ASX the Company’s shares in Calidus are held in escrow for a two year period which will end on 23 June 2019, and the intention of the Directors is to distribute those shares to Keras shareholders at that time, subject to any Calidus shares which may be realised to provide working capital”

Based on this, I think there will be downward pressure on the CAI SP in late June as Keras shareholders look to sell holdings.