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I remember reading that relisting will not be happening this week, probably next week.
Please can anyone advise where official info on this relistimg can be obtained?
UGHH... Tried adding to my position today to find that ANR is no longer tradable in my SIPP. When did that kick in?
When the Maiden JORC comes this share will move to next level big time.
So undervalued. A massive resource.
This is my number 1 stock in my portfolio for potential upside.
Could comfortably move through to 20-30 million market cap by year end. Even then it would be undervalued compared to its peers. Occasionally you get hidden gems on Aquis. Here is one of them and they are about to hit the big time and right now they are so under the radar. Come on Altona!!!
Maiden JORC resource will be in May.
This slight delay could work to their advantage ... The maiden JORC resource declaration is going to almost coincide with Main Market listing
Ok, so trading stops today. But Listing on Main market won't be happening on Monday anymore. Probably the week after.... fingers crossed!
This looks like a 'Slam-Dunk' IMHO. World class REE project in Mining Friendly Mozambique.
Tiny market cap , tiny free float.
Recent placing oversubscribed
The move to the Main market of LSE will hugely increase interest and liquidity
Maiden JORC and Scoping study to be released in next couple of weeks
Last chance to buy in before what l suspect will be a very significant re-rate!
The shares will cease trading on Aquis (thank God) at the end of day today before the move to the LSE Main list!! Get them before they pop on relisting! Such a cheap entry point. Crazy low market cap and an amazing asset that should be valued by the market at list 5 times where we are now imo. Just compare all this to other rare earth stocks in the UK markets.
'Altona Rare Earths Plc (AQSE: ANR.PL), a mining exploration company focused on the development of a significant Rare Earth Elements mining project in Africa, today provides an update further to the announcement of 10 March 2023 where the Company stated it expected admission to trading on the London Stock Exchange (“Admission”) would take place at 8.00 a.m. on Monday 20 March 2023. The Company is still working with its advisers to finalise its prospectus for approval by the Financial Conduct Authority (“FCA”) and therefore Admission will not take place on the expected date. A further update will be provided once the date of Admission, currently expected to be towards the end of March 2023, is confirmed.
The Company also confirms that, as a first step in the transition process to the London Stock Exchange, its shares will cease trading on the AQSE Growth Market (“AQSE”) at 4.30 p.m. on Friday 17 March.'
Sorry I did know that. Not sure why I said aim. Doh
Not listing on aim, was there before aquis listing.
Listing is on to main market.
Stockbox Wednesday next week will help
Especially as listing on aim should be live too
Nice 18% rise so far today. Few people getting in before the warrant holders meeting I guess. Another little push and I'll be green again. Woop woop.
Looking forward to the relisting.
The placing was oversubscribed.
Hoping list price will be 10p.
Then see what the market thinks Monday morning!
So how are holders feeling? I've never been involved in a delist from AQSE and relist, can we expect a pump?
Need to get some more people aware of this stock, any ideas?
I'm very pleased CTW is considering extending the 12p warrants for another 2 years. That would show great confidence in the company and is a nice gesture to those that were onboard early.
https://polaris.brighterir.com/public/altona/news/rns/story/x8eop5x
Upcoming zoom meeting to discuss 12p warrants.
https://twitter.com/StockBoxMedia/status/1635598366347259904
10 March 2023
ALTONA RARE EARTHS PLC
("Altona" or "the Company")
£2.0m Fundraise
Proposed Admission to Main Market and Withdrawal from AQSE
Altona Rare Earths Plc (AQSE: ANR.PL), a mining exploration company focused on the development of a significant Rare Earth Elements ("REE") mining project in Africa, today announces the Company has raised £2.0 million via an oversubscribed placing of £1,720,800 (the "Placing") and a subscription of £279,200 through the issue of 40 million new ordinary shares at 5 pence ("Issue Price") per share ("the Fundraise"). The Company announced on 2 February 2023 that it was seeking to raise £1.25 million in new capital.
The Fundraise is conditional on, inter alia, the proposed admission of its entire ordinary share capital to the Official List (by way of Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities ("Admission").
The intended use of funds will include the completion of Altona's maiden JORC compliant Mineral Resource Estimate and a Scoping Study for the Company's flagship asset, Monte Muambe Rare Earths mining project ("Monte Muambe"), in northwest Mozambique, which is expected to be published in May 2023. This will enable the Company to increase its holding in Monte Muambe Mining Lda (which owns 100% of Monte Muambe) from 20% to 51%. The funds will also be used to repay certain creditors and general working capital purposes.
Subject to the approval of the Company's prospectus by the FCA, Admission is expected to become effective, and dealings in the Company's ordinary shares are expected to commence at 8.00 a.m. GMT on 20 March 2023, under the new ticker: "REE".
The Company will make a further announcement once FCA approval of the prospectus has been received.
I'm guessing that most sells that are just below bid price are actually buys. Also, the trades seen here are not the full story. Some are hidden and can be seen on AQSE.
Date & Time Volume Price
27.02.23 | 12:14:54 45393 5.25
27.02.23 | 12:13:08 49184 5.25
27.02.23 | 12:11:21 91312 5.25
27.02.23 I 11:41:12. 359601 5.3
Bought more than a handful today. Upcoming events will be truly transformational for the Altona and the company can finally realize some of its hard work - current mcap is laughable!
Looks like the listing will hopefully be in March after they've completed the IPO raise. CTW has advised to email/ring him for info if you want to get involved, his details are normally in the RNS'. I think they want to get it boxed off pretty quickly. Let's hope this is the beginning of moving in the right direction
http://www.alignresearch.co.uk/cpt-company/altona-rare-earths/
Cheers Joff1, bit of luck get some put into the new ISA in April.