The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.
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The Company will also complete the divestment of its shareholding in Erris Gold Resources Ltd to those Erris Shareholders on its register at 6pm on 27 October 2020 by way of a dividend in specie on 29 October 2020.
There seem to be some chunky trades today ... can't tell which way as often posted wrong ... but based on the deal price some definitely look like chunky sells?
Strange one really. Was expecting more of an uplift today. BARCLAYS buying in should have caused a bit of interest. Perhaps late surge to get a position.
Hi Stretchum. Interesting times, all.
They crossed threshold last week. Buying in background...
And that explains why the price has been pushed down a bit today. I wonder if any other large organisations are getting mate's rates. Definitely keeping all my shares.
And if it's good enough for Barclays, ... :)))
BARCLAYS TAKING A POSITION. INTERESTING!!!
Yes, you are right, of course. Eris did protect/ring-fence Loch Tay for a reason, and €58.5m a year EBITDA is more than sufficient current GP for a company mining lithium, which will only become more scarce and therefore more valuable in the future. And I'd rather have shares in a German lithium company than a Chinese one.
Thanks CP. Depending on the Zinnwald SP it could be a massive immediate profit/gift to shareholders, [in other words, the more shares I leave with Eris today, the greater the potential profit for me from Zinnwald], but for me it's a trade-off with considering how much of my stake in Eris do I want to have locked in while it is unlisted, and how long will it be before Eris return.
It's decision time for a lot of companies this month/early next month, with the Government help going down to 66% of wages, and people may be looking at whether they're going to be out of work soon.
I'm know I'm being really lazy but I've got a stinking headache today (that's my excuse). I looked at the price of Bacanora/Zinnwald BCN shares this morning and they are sitting at 32p. We won't get them for that, will we? I kind of remember 5p for the Zinnwald shares being mentioned? Anybody remember please?
ATB
I'm not so sure - there seems to be plenty of stock available. If it's such a no brainer, why?
Welcome McTamfer, just as a short cut for anyone else searching for it, all 9 voting questions were answered 'Yes' by shareholders; that's 100% 'Yes' to the take-over and Zero, Zilch, Nada, Nothing, to 'No'.
ATB
Ignore that - just found the report on the website! Doh!
All resolutions passed.
Surprised we haven't seen more SP movement since...
Maybe once the change is live you will see the herd arrive.
New here, although I have been following the chat. What was the outcome of the EGM please?
With bcn reacting well to news. Things hotting up in lithium arena.
Exactly. One for one in zinneald. And one for one eris gold. No BRAINER. Fill your boots.
So you will end up owning shares in both???
For the turn here. Paying 16p last week. Bought down on low volume. 11.4 to get in now? Tick tock
Yep, my bad
L.
@solar987....just finished phone call with HL. Yes they have said the same thing. Thanks Solar!
12% drop as of 11:30 seems a bit extreme to me given the rest of the market seems to be holding ok, not sure whats going on.
@Kmcd, if it helps Ive come off phone to AJ Bell this morning re ERIS who said assuming the demerger was ok'd at the GM, as long as you are holding ERIS you will automatically have the EGR shares allocated to your trading account on 29th Oct.
If you buy in before close to morrow you are entitled to free share from spin off company. No brainer here guys..