Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks BigB 20
I've got an average of 31p, fully expect to get another batch at sub 28p next week, then hold for gold
Hi Mytton:
I spoke to II last week to ask for details of the retail offering. Somewhat prematurely, I should say, as much of the information on the fund raising was by then almost certainly on the SO4website, which I hadn't researched. . But not, of course, the date on which II investors would have details and an opportunity to confirm their wish to take up their entitlement, which is what I was really after. A helpful adviser went in search of the information and came back with the date 14th August. The pro rata entitlement (from memory 1 share : 3.2) is given in the website announcement and in other notices. interestingly, retail investors will have a chance to bid for extra, "top up" shares, with priority rights 50% above pro rata. Not certain yet, but I think that means priority in purchasing extra shares up to a level of 50% of initial allocation. We'll find out soon.
I expect great things from SO4 and will be going for the allocation and for the top up too.
I imagine the share price will drift a little, reflecting sales by some people wanting a rapid turn, though it will not surprise me if stickier hands will be reaching out to gather shares for the medium or longer term, thus neutralising some of the downward pressure, which I imagine will not in any case last long. With production scheduled for next year and impressive updates on quality and quantity of the product and much lower than average costs, what's not to like?
Good luck all.
thanks for the info
I've phoned HL and they have advised an e-mail will be issued to existing shareholders sometime on or shortly after Friday.
The record date is just that, the date when the owners shares are counted and subsequently the allocations calculated and allotted.
The company (broker) will contact your/my broker on or by Friday to make the offer.
these will be placed onto the brokers system, sometime from Friday onwards. So it could be Monday before you or I see it in our accounts as an offer.
Sounds laborious but they are dealing with thousands of accounts and hundreds of brokers, rather than the few that were in the institutional offer, now closed.
These things usually go OK, so good luck to everyone, hoping that we all get the allocation that we ask for.
record date has passed. Anyone got a "corporate action notice" on their dealing account yet re the share offer.
I'm with II interactive investor and heard nothing yet.