Kryso is an emerging mineral exploration company that is principally focussed on exploring the gold and other precious metals deposits previously discovered in Central Asia during the Soviet Union era and then, where appropriate, bringing them into production.
Kryso, which has its head office in London, is a public company that was admitted to the AIM in December 2004 in order to continue funding the development of the Pakrut Gold Deposit, further explore the Pakrut Licence Area and to obtain and acquire other gold and base metal deposits in Tajikistan and elsewhere in Central Asia. The Group's executive directors and senior management are based in Dushanbe.

The Company's executive directors have a proven track record of operating in Tajikistan and they believe that Kryso Resources is the first foreign company to obtain a 100% interest in a mining and exploration project in the country.

From 1 April 2004, LLC Pakrut, a wholly owned subsidiary of the Company, was granted a licence and geological lease to explore and exploit the Pakrut Licence Area which comprises the Pakrut gold deposit and the surrounding 6,300 hectare exploration area located in the metalliferous southern Tien-Shan Fold Belt. This belt is reputed to have the second largest known gold resource after the Witwatersrand in South Africa.

The Group intends to conduct a feasibility study to assess whether the Pakrut gold deposit can be developed into a producing mine and also intends to explore the already identified mineral deposits and areas of mineralization in the Pakrut Licence Area.

Now 16.25 bid 16.75 offer

just topped up at best order ..... must go and check how much i have paid

Kryso Resources
4.98% now held by Tom Winnifrith's gold fund now making it nearly the top holding in the fund with Medusa at about 5%

What i ment was 4.98% of the Gold fund

Sun 16:42 Re: BFS timing Wendy Durham 8





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The salient points of the BFS will be published.

The company will shoot itself in the foot if it does not publish it, because the market is expecting it.

I am by no means certain of a bid.

Natasa certainly want Kryso. That much is obvious. The aggression with which they announced their initial holding (acquired from Great Basin) and the exercise of the warrants attached to the Great Basin holding speaks volumes. Note that these announcements did not come from Kryso - they were published by Natasa.

Natasa also announced that they had requested two seats on the board. They then announced that they had put forward resolutions for the AGM (illegal!) to get two of their people - including Kyriakou - on the board. These seats have thus far not been granted by Kryso. Natasa have climbed down a bit and said they now don't want board seats anyway, as they want to be free to act in their own best interest.

At the AGM certain key resolutions - mostly regarding fundraising - were voted down. Who by? Who is the only shareholder with enough clout to have done that? Who also voted out the appointment of Steve Poulton, Kryso's lender of last resort, as a director?

The entire Natasa approach has thus far been hostile in the extreme.

The thought that they would offer a price much above the current share price seems unlikely.

In the meantime we have the strategic investment proposal from China Non Ferrous, which it seems Kryso had been working on for some time. This looks a lot more friendly, and is in keeping with China Non Ferrous's normal procedure of taking strategic stakes and providing financing rather than going all out for takeover.

At some point, Kryso will have to release the documentation calling the EGM to approve the China Non Ferrous stake.

Interesting times. Nastasa has the shares to vote it out will they ?

Posted on the iii bb by Wendy Durham.

My buy yesterday went through as 2 x 50k sells. So I would I expect that most of yesterdays sells were in fact buys. Others I know who purchased today's are having their trades shown as sells. So don't take any notice of the trades. It's all wrong and does not give a true picture of what is happening.

Yes, that poster on iii is right ...... Aldwickk.

http://moneyam.uk-wire.com/cgi-bin/articles/20100805070000P01AE.html

http://www.moneyam.com/action/news/showArticle?id=3922809

http://moneyam.uk-wire.com/cgi-bin/articles/20100902073630PEBC1.html

Rising bit by bit....EK says a possible takeover target at 21p or so.....

Am looking to ADD; but considering my chart illustrates a technical buy originally at 10.25 in June which is underlined at 14p in Aug presumely when citizen Roly bought , i am more than a little reluctant whether to buy @ the current offer of a tad shy of 17p . lncidentally Simon C. who happens to be a neighnor of mine in London, cajoled his father in law - a crown court recorder- to buy and hold a shedload bought at approx 13/14p cant be seen as anything but a positive sign / ....may wait for a bit of profit taking and try and get in at around 15p ....but with gold breaking resistance of 1275 recently i could be waiting a long time. ......

TFC

Care to share your thoughts as to why this was a technical buy in June and why underlined at 14p in August? As a keen chartist I'm always interested to understand that which drives other's analysis.

after talking to a friend who holds a principal position in KYS with clients holding 500k+ in warrants issued at a meagre 8p not so lomg ago , i have totally revised my position on this stock - and hence dumped 75,000 in 3 tranches ....in anticipation of a massive sell of many of those warrants as i say purchased at 8p ......bonne chance / @+ J ....

Kryso Resources
Extension of CNMIM Transaction Long Stop Date
Extension of CNMIM Transaction Long Stop Date
Kryso Resources
Kryso Resources plc - Announcement 200k Advance (2).docx
28 September 2010
Kryso Resources plc
(Kryso or the Company)
Extension of CNMIM Transaction Long Stop Date
Cash Advance of 200,000 Paid to Kryso
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, announces that pursuant to the conditional subscription agreement (the Subscription Agreement) entered into on 27 July 2010 with China Nonferrous Metals Intl Mining Co. Ltd. (CNMIM) for the placing (the Placing) of 73,269,539 new ordinary shares of the Company (the Placing Shares) to CNMIM at a price of 15p per share to raise approximately GBP10.99 million before expenses, CNMIM has elected to extend the Long Stop Date, which is the date on which the Subscription Agreement shall terminate unless all conditions for completion of the Placing have been satisfied or waived.
The Long Stop Date was originally 27 September 2010 or, if earlier, the date falling ten business days after satisfaction or waiver of the conditions for completion of the Placing (being approval of the Placing by Kryso shareholders and by the relevant PRC authorities).
The Long Stop Date has now been extended to 27 October 2010 or, if earlier, the date falling ten business days after satisfaction or waiver of the conditions for completion of the Placing (the Extended Date), or, if the Placing has been approved by the relevant PRC authorities by the Extended Date but has yet to be approved by Kryso shareholders, the date falling twenty days after the Extended Date.
In order to extend the Long Stop Date, CNMIM has procured a payment of 200,000 (the Cash Advance) to Kryso. The Cash Advance is treated as an advance payment of the purchase price and shall be deducted from the purchase price payable at completion. In the event that the Subscription Agreement is terminated without completion of the Placing or if completion does not otherwise occur, the Company is obliged to issue to CNMIM 1,333,333 ordinary shares of the Company in respect of the Cash Advance, or, in the event that such shares are not duly issued, to repay such cash advance to CNMIM in cash.
Summary Terms of the Subscription Agreement
* Conditional on completion of the Placing: CNMIM is to receive one warrant per Placing Share, each warrant entitling CNMIM to subscribe for one further new ordinary share of the Company at 21p per share; and shall have the right to appoint and maintain up to two directors to the board of Kryso, one of whom will take the role of Non-Executive Chairman
* CNMIM is to use its best endeavours, subject to completion of the Placing, to procure an offer of debt financing for not less than 70% of the funding required to bring the Pakrut gold project into production
* Proceeds of the Placing are to be deployed to fund the development of the Pakrut gold project along with further exploration within the Pakrut licensed area and at the Hukas nickel-copper project
Further Information
* The Subscription Agreement and Placing remain subject to a number of conditions including, inter alia: the passing by Kryso shareholders of resolutions to authorise the board of the Company to allot the Placing Shares and to waive statutory pre-emption rights in respect of such shares at a general meeting to be convened and held in due course by the Company; and approval by the relevant PRC authorities. It is the intention of the Company that notice of the general meeting will be despatched to shareholders after approvals are received from the relevant PRC authorities
* The number of Placing Shares is subject to adjustment if required to ensure that the number of Placing Shares subscribed for shall represent, on completion of the Placing, 29.9% of the total issued shares of the Company

OK the Pakrut mine is a cracker .......but KYS cant meet capex -they need 10X raised by placing -perhaps 100m ,,,,,,,,,chinese et al wont pay a big premium i am told .. 24p tops which is good considering KYS was 8p not lomg ago ......and lnst holders keeping cards close to chest ......Big holders of a shedload of warrants bought at 8p preparing to sell . Many insts and retail brokers got FREE warrants if agreeing to take principalpositions in placing @ 8p .......A friend who used to work at Wills and co- before they wound themselves up to avoid being Fu***d by the FSA lol has clients who hold 500,000+ ..looking to sell -.....................Look i ll be in touch

ok "J"

I think that the sp will rise regardless of any takeover or anything else....the spot price of gold is now past $1300 and rising and this has 3 million ounces in the ground and possibly a lot more.

tfc

Wont they wait untill the share price was 20+ before selling ?

Kryso Resources
BFS publication date comfirmed

BFS Update
Kryso Resources plc (AIM: KYS), the mineral exploration and development company with gold and nickel-copper projects in Tajikistan, advises that it has been informed by the Beijing General Research Institute of Mining & Metallurgy (BGRIMM) that the final bankable feasibility study on the Companys 100% owned Pakrut gold project in Tajikistan will be available on 12 October 2010.
An announcement detailing the results of the BFS will be made by Kryso as soon as possible thereafter.

Doing fine at the moment......most things were down today...but not this....

Most things were down ? all the junior gold miners were up .

Not all aldwick.....gold had a bit of a rise...followed by a sharp drop and the last time I looked...it was up again.....but KYS is looking very promising with the Chinese on board !.