George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Strummer,
Did you vote recently????
So Micru, how do we trade delisted shares?
Otherwise every private company (that people can and do buy stakes in) is worthless.
>Today's RNS says the shares have been cancelled so now completely worthless I fear.
False. De-listing does not in itself make the shares worthless.
Sadly no opportunity to trade out of this now, as it's not being unsuspended. Just delisted from AIM today.
As discussed before. If you held originally shares here in a trading account (non ISA). After the liquidation is resolved, and again assuming the most likely outcome... No monies after any sale left to go back to us shareholders unfortunately...
Then from my research you can then write to HMRC CGT advice area and make a representation to declare your shares of negligible value (after the liquidation is done, and is over, and assuming no cash back). Then ask them to accept that the shares are then usable, in this, or in another future financial year, as a CGT loss to be offset against any gains over your standard allowance.
So basically the loss here is your Section 104 pool average price X your number of shares originating from your trading account...minus your nominal sale value... E.g nowt.... Equals your carry forward CGT additional allowance etc.
I think that's correct. Where there is slight issue, is for any shares your broker decides to move now from your ISA to your SD account. I believe that you CANT claim that loss v the almost certain negligible value. As they were originally bought in an ISA, and it's your broker & not HMRC that dictated the move to you Dealing account.... Though the HMRC guidance is hard to establish here, and I would be happy if I am wrong?
It would be nice to utilise the loss also for the ISA shares for sure, those about to be sent to your SD account. But sadly, and if anyone can provide concrete evidence to the contrary that great.... I fear you can't claim CGT loss for those fyi.
Today's RNS says the shares have been cancelled so now completely worthless I fear. You are not alone. Many investors have been hoodwinked by this rogue outfit.
Very ili experienced but hold a bad investment in these from a few years ago in Halifax, had message saying they're moving from ISA to share dealing account as soon as suspension is lifted. Do I simply write these off or try to sell today at next to nothing? Thanks
Just a tidy up before leaving AIM for good today.
Very odd. Not high values.
SHAREHOLDERS
If you haven't voted via your broker DO IT NOW, this could be your last chance to determine the outcome of your company.
Lets have a say in who organises the liquidation of the assetts, not the BOD's mates...
cast your VOTE - no to both options.
MYOMU.
to see a few trades today.
Hi all, This is generally the last day to vote via your Broker. To date, RIG members, who responded to a group question have voted No, and the BoD cannot proceed with their motions without getting agreement from shareholders with 75% needed of the votes cast... Please make your vote count and let's collectively show the BoD that PI's have a voice and we need to be heard. ATB to RMM shareholders.
Share Tips / Recommendations and Research don't come for free !
Begbies are requiring your broker to contact them stating that you hold shares and that they are authorising you to attend, speak and vote at the meeting, if you want an MS Teams invite to the General Meeting.
To attend the GM you need an invite from Begbies.
You need to email as-team@btguk.com You should get a reply, they will ask for proof that you are entitled to attend, speak and vote at the meeting. Your nominee will need to provide this. For clarity email Tom.Harrison@btguk.com.
Halifax have done it on my behalf - however, I still need to submit the proof. Begbies advise that 'Once the shareholder has provided us with this letter we can provide log in details for the meeting, which will be sent on the morning of the meeting.'
Its almost like they don't want shareholders there.
Wonder why?
228000 ounces of gold
We been told we have billion pound copper,228 ounces of gold ,huge exploration potentials ,world class asset,high grade copper ,production can be 20000t/year with 19 years mine life ,significant value compare total indebtness etc etc etc .....now it's time to see whether it was true ? If all of that's are true then we should be sale for $120 to $150 millions at least in compare to recent few deals happened in Canada and rest of the world .
Highest 5, added two more...
Highest 3 creditors to RMMUK from what we've seen so far.
1 Plinian (Brad Mills) £205,523.22
2 HMRC VAT £186,096
3 Toby Bradbury £80,740.80
4 SP Angel £56,400
5 Richard Round £31,875
Zak Mir is in there as well, with Miriad Ltd at £7,200
BoD will be sacked and a new company formed at administration.
SHAREHOLDERS ONLY
Tim Sanford has advised that if you wish to attend the Virtual GM meeting - you need to request access via Begbies at
as-team@btguk.com. They will then provide a link.
This will be your last chance to have a say. IF you're a shareholder and don't vote, then you're voting in favour of the BOD and TB.
Remember the BOD want you to vote for, but haven't told you who is pushing for, RMM UK to be liquidated. They haven't shown who RMM UK owe money to, and they haven't shown what other options were considered by the BOD before choosing CVL.
Why are the BOD keeping that information from us, the shareholders - hence I've voted No. I'll take my chances with a court appointed judge rather than a BM appointed crony!
Begbies have been approached for the info but have indicated it will be available 24hs before the meeting..... too late for the Shareholders to read and use it to inform our vote. But may work in their favour. Surely it was produced before taking the decision to go for a CVL?
Not finical advice. Make up your own mind - and remember Monkey, Smarty and the Landlord types CAN'T vote, they don't hold shares, but they still like to stir the ****.
Voted. NO.
fekked off this has been suspended for half a year, I could have got out months ago with something at least. To think, exactly 2 years ago I was 3 grand up on the run up to 60p.????
The BOD want a yes vote, TB is 'strongly' in favour of a yes vote. That alone should make shareholders (not the likes of Monkey or Smarty or Al Murray) have cause for concern.
On the evidence of his broadcasts and media releases, I do not trust TB to act in my favour. Who are the creditors pushing to close RMM UK? Who do RMM UK owe money to? Is it TB's £500k pay off.
Why are the BOD keeping that information from us, the shareholders - hence I've voted No. I'll take my chances with a court appointed judge rather than a BM appointed crony!
Not finical advice. Make up your own mind - and remember Monkey, Smarty and the Landlord types CAN'T vote, they don't hold shares...!!
Monkey I'm guessing you lost some money from RMM. But so has a lot of other people. They are trying to get other miner,s to look at the mine and possably buy it. Or at least bring It to there attenention. If you feel that,s a lost cause then that,s your opinion. But at least there trying to salvage something from this mess and not just give up
The admistrator has to maximise return to the debtors and creditors.
Anything else will be worse for them.