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"Subtlety being negative"? It was not subtle! I was negative for a reason. There is nothing wrong with a negative opinion on a stock and I'm certainly not ashamed at posting sense!
Not valuing the opinion of someone that actually works in this area is one of the reasons that you are in this situation. Are you on of Gove's people that has has "too much of experts"? I don't claim to be cleverer than anyone else - I'm sure there are many things on which you could advise me. BMR isn't one of them.
You've not been posting here very long, so no, I haven't always been wrong, and I've made some good calls. I never said there were any guarantees of us resuming trading, I said recently it was 50/50.
If you want to continue posting here it's fine with me, I can't and won't stop you. But I do not value your opinions one bit. Anything you say isn't going to make a difference to the situation. So if you want to hang around and be the guy that says "I told you so", be my guest.
The reality is you've been here for months subtlety being negative on BMR, and attacking any opposing views, and nobody seems to know why, as you're not even invested here or in JLP??
I could just as easily query why you bother posting here, Bring. You have been wrong about everything and yet continue to try and speak for everyone (ref. your rude comment to Rofert). The point of my comments should now have become perfectly clear. Informed opinion was severely lacking around here. My opinion in the future would also be useful if you weren't so proud. I am one of the few people here that has been on the board of a plc, and has worked in Zambia, and in tailings and has experience of corporate finance. I'm sorry that you lost money (yes, it is likely lost) but your continual attacks on me are unjustified. I've been largely right so far and whilst that doesn't mean I will continue to be right (I'm not an inisder), some might find my comments useful. Naturally I will now comment less as the absence of news will give me nothing to interpret. It is arrogant to say so, but seeing as you are yourself arrogant, I will say it: it will be your loss. Not that you will lose sleep over it, I'm sure.
As regards what you then do, I guess for that part of your portfolio, you just go back to the days when we all had certificated shares, until hopefully the shares are re-listed and HSBC take them back into your portfolio
By keeping the certificate would this give us voting rights at any potential AGM / EGM ? I know as I held mine with HSBC it was like pulling teeth getting them to arrange for me to be able to use my shares to vote. Maybe incertoficate form only they will mean it’ll be more straightforward should the coward ever host an AGM again.
Your decision may well rest on whether another broker will charge you a maintenance fee. Like you I pay over £40 pa to HSBC to manage my portfolio on a nominee basis. If I switch to another fee charging broker I may be paying them potentially for years before seeing any share value or dividend return on my BMR shares. All this on top of my HSBC charges.
On that basis I will just wait for the certificate.
Can anyone recommend another broker, or are people going to wait for the certificate. If you wait for the certificate what do you do then?
I doubt I'll be having any direct contact with him, certainly wouldn't post it here if I did.
I was thinking that if you'd given up on your investment here, there wouldn't be any point in you posting. Just like I don't see the point in sidebar being here as he holds no shares. Each to their own I suppose!
Just a thought. When I transferred some of my BMR shares into an ISA some while back, a sell and buy transaction was generated. If you are doing the reverse I assume a sell/buy transaction applies but I wonder if having transferred out of an ISA where capital losses were not an issue, would the buy into a trading account be treated as a new purchase and a future CG benchmark established at that point for any future gain or loss. Might be a complete red herring but thought I'd throw it into the ring anyway.
Besides, if I move on, who will assume the role of Doubting Thomas when you eventually re-establish telephone contact with Ponzirelli?
Sorry but you don't get to decide when I move on Buddy. I am still a shareholder with significant losses. By moving on, I mean I have put them in the bottom drawer just in case one day they have any value, even if only an intrinsic value as a future antique share certificate, which I also am awaiting from HSBC.
I will continue to read and post on here if it's all the same to you. Since when did you become the BMR posting police?
itz like cage fighting with flip flops on,in a chimps outifit.lol.
It's a tough old game haha
Is it possible that AB can be replaced ???!!!
I heard MA was looking for a job ...., PMSL
now you know why i mostly trade everything and even thats like hitting a brick wall.lol.
Yeah I know that is usually the case, but I had it confirmed over the phone, unless I have been misinformed. I will let you know what happens.
My broker advised me that because the company had delisted, it was illegal to keep the shares in the ISA, so they moved all mine into an ordinary account.
I would really advise you double check with your broker m8, as reading g others comments there brokers are agreeing with mine.
PS
I'm with "IWeb"
In hindsight I might have steered clear of the stock market full stop. I'll give it 6 months and might call it a day if I don't start making some profits that are a lot more desirable lol.
Still, I have quite a low average here so if we re-list I'll probably be out if it turns into a pump and dump stock. I foresee many project delays over at Kabwe, so not expecting income from that in a hurry...
When AIM stocks were introduced to ISA accounts I believe BMR, RKH, XEL and GKP were in the top 10 shares in the first the year, not sure of others but remember reading articles at the time. Probably a sell signal in hindsight.
If they are sat in a normal trading account, then yes, you should be able to offset the loss against any gains.
Luckily my broker have kept the shares in my ISA, and I was informed that should we re-lsit, they will remain in my ISA. Not that I see it as being a big tax advantage now, unless I can afford to hold them for the next 10 years lol.
As per sidebar plus my own phone call with HSBC a few weeks ago they said this was about to happen as they had heard nothing about the co. relisting.
I had moved the majority of my holding into a shares ISA and they've removed my holding from there into normal trading account. I'm wondering if by moving it out of the ISA, if we do eventually go bump, whether I may be able to put losses against my tax bill now?
No need to post here if you've moved on then? I thought you'd moved on months ago when you bought into JLP?
No, it's not all lost. The company still exists and has some cash and assets. Also a profit share in the Kabwe project, if/when JLP get it up and running.
Thanks sidebar, appreciate your comments.
Not really any implications other than that a new listing is not close. Registrars can act for private companies but it looks like AB has cancelled the contract. It is possible that HSBC don't like to act for a private company, but you would expect them to hand over to someone else if it was their decision.