Base Resources Share Chat (BSE)

I spoke to them last week and said that II had managed to update their systems and now ... it's finally happened !

Barclays has Energy Fuels showing in my SIPP .... and at 3x the value of BSE !!!

Anyone had any further updates? Nothing from Barclays...

Thanks for this, I've been on to Barclays today and they were unable (or unwilling, though I fail to see why that would be) to offer a similar level of detail.

"Please note that we are currently unable to trade the new Energy Fuels Inc shares.

This is because HSBC, the underlying custodian, has informed us that there was a mistake with the way Equiniti (the share registrar) originally registered the shares so they are having to get them re-registered which is causing a delay. Please be assured that we will continue to chase this as a matter of urgency.

You’ll be able to sell your shares on the Toronto Stock Exchange once they have been successfully registered into the HSBC Account.

We’ll contact you again once the shares are available to trade.

The shares will be held with our third-party custodian, HSBC, who may in turn hold the shares through a sub-custodian in the home country of the investment. The settlement, legal or regulatory requirements that apply to the shares may differ from those applicable in the UK. Your investment may not benefit from the same protections in the event of the insolvency of the third party that may apply under UK law. A more detailed explanation of these additional risks is provided in section A25 of our terms & conditions, which are available here.

Yes, I've just received the same. The corporate actions don't seem to be very well handled, putting them in date order would be a start, I'm always having to guess which one is the new one.

Some update from Barclays released as corporate action -

"..FOR INFORMATION ONLY

ENERGY FUELS - scheme of arrangement

A scheme of arrangement is typically used to execute a change in the structure of a company, such as during a takeover or acquisition. Following a scheme of arrangement for Base Resources, you will receive Energy Fuels shares.

Energy Fuels maintains a listing on the New York Stock Exchange (NYSE) and we are currently in the process of transferring your shareholding to that exchange. This process is taking longer than expected and we are working to complete this as quickly as possible. Please note as part of this process you will not be able to trade your Energy Fuels shares until they have been fully transferred and made available on the NYSE. We will let you know once this has completed...."

hopefully they get it over the finish line , finally

I think the problem with Barclays is that how to handle the same stock being listed on multiple exchangers.

The Energy Fuel Inc. is dual list as EFR on TSE (Canada) and as UUUU on NYSE (US). Prior to this take-over, Barclays platform is already made EFR available for trading, but share conversion is based on UUUU, so "mighty" Barclays completely got stacked how to handle this one...

Barclays seems having an issue with the share conversions... just talked to them today, and here is what they said ..

".... I can only apologise, I do appreciate this has taken longer than other providers to finalise, Unfortunately UUUU is traded on a part of the NYSE exchange we do not support and as such this is the reason for the stock not being available... Unfortunately we do not offer trading of assets on the section of the NYSE that the stock is currently traded.... I can't provide you with definitive answers only to say that all relevant departments are working to have this resolved as soon as possible...."

Well, Equiniti (registrar for UUUU) would certainly know the numbers converted from BSE. A shuffling between the high and the low, a lots of extra number would be profited

Also still nothing from barclays...........................

Still nothing from HL. They say:

"We are still waiting to receive the new Energy Fuels shares through HSBC following the acquisition of Base Resources.

We are actively chasing this as a matter of priority, but I am afraid we have been given no firm timeframe for when this process will be completed. This is a complex process which we are doing everything we can to expedite, and we will contact you as soon as it is complete."

I just talked to Barclays today, and it is absolutely ZERO update from them apart from "we are still working it".....

Thanks for the update.

So far from all the banks/brokers involved, it does pointing finger at that the other party (Equiniti - registrar for UUUU) is the "guilty" one. Let's hope there isn't any foul plays

I am also still waiting for my shares held through Lloyds Bank. Lloyds have today stated firstly: "We have received some of our statements but unfortunately not all of them, we will hopefully receive the missing ones soon and can move them to our international custodian. We will write out when complete."

Secondly they have stated today: We haven't received all of them, we are still waiting on this but we will check if we have received any more statements, the data comes in from overseas by post.

They had originally sent them but we believe it was to the wrong address, we had to provide company documents for them to be sent again but we do thank you for your patience whilst we have been getting this sorted."

Lloyds have not explained why as the registered holder they should need more than one statement.

I've been in touch with the registrar, Equiniti, and they said:

"We do not have an estimated timeline for this, as this is not in our control. We will try our best to send out the statements to the respective shareholder to their address on record once it is available in our database."

I have asked them who does control the timeline, to which they replied:

"Please confirm, if you are looking to receive an account statement after Energy Fuels conversion. If so, please provide some proof of ownership so we can check our records."

I did explain that I hold the shares via Barclays Stockbrokers in my original query, so doubtless I'll think of a polite way to remind them of this... I will update when (if!) I know more..

I am also with barclays..... and needless to say still waiting

I have just read an SP forecast of over $8 for Energy Fuels. I don't understand why so many people have not been credited yet. UUUU up 2.76% as I write

Anyone got any idea whats happening.... up 16% today. Does this still effect us??

Had mine in ajbell today. UUUU can't be held in crest according to them so expect to receive cash instead... No clue when though.

Hi all,I thought we were going to receive a dividend today,anyone had anything.

Ok,thanks alot

I messaged interactive investor last week. You can trade UUUU shares from your trading account. Thought there might have been a corporate action by now though

Or a barclays isa? we've missed the bus now anyway 😬

Any idea what happens if they are held in a interactive investor’s trading account.

@mondex

HL said the shares would be held from the Canadian stock exchange as they are listed and traded there, these would appear in my HL Sipp that I could then trade in the normal way

I am still undecided . Can anyone help?

Hi all what are the implications if you do nothing,could you end up with some shares in a company that you can’t sell or trade…??

Quarterly update highlights production in line/top end of previously raised guidance. Cash at hand increased from $83 to $88.1m

Notable positive change in language on Tolliaria progression too.

Shepdave; thanks your workings.

As the UUUU price is now at $7.00, I calculate at BSE's current SP, there is still a 22% upside.....

Profit for the patient here, still.

Yeah, I worked out a 20.27% increase in share price based on current Energy fuels share price of 6.08 USD and the current exchange rates.

Think Energy fuels share price would need to slip to below 5 USD for no extra value from current price.

7 USD would give 35% additional value.

Guess it will gradually edge up over time over the next few months if no issues.

If all goes to plan this merger should all be done and dusted by end of August and with the 'special dividend' payout works out around a 20% increase from here...... all looking very rosy to me 😁 and yet this board is as quiet as a mouse

Can anyone see anything negative at all that i cant?

I see UUUU's share price is now above the share conversion deal price. Even better value here now.

I'm surprised energy fuels share price hasn't risen

Https://www.proactiveinvestors.co.uk/companies/news/1045990/base-resources-soars-90-on-merger-news-with-energy-fuels-to-forge-global-minerals-leader-1045990.html

BSE finished at 25.0c on the Asx equivalent to 13.08p.

Hopefully some upward traction.

Button it David , you're proving yourself to be the ultimate ramper. 50p my b*tt.

Sure you'll be gone by Friday.

Bought some Mtec.

David,

I noticed you over in KAT.. smart move.

Paul Johnson and Gervaise Heddle (the old GGP crew) are both getting involved in Katoro.

I've done well following GH into GGP & ONDO & GSCU.. ...all have multibagged

No idea who the new KAT CEO is going to be.. but market is unaware of this little 1.4m market cap company as they've done no media for over a year whilst restructuring the business

Recent oversubscribed cash raise at 0.01p and cash held basically covers the full market cap and suspect a new exploration asset(s) is about to be transferred into the comp in exchange for some shares, then new ceo then a load of PR etc.... then whoosh.

Warrant accelerator up at 0.5p would release a further £1.25m cash & would be just over a 5 x bagger (500% rise) from the present SP and wouldn't take much volume to see a 1m m/cap cap zoom up to 5m m/cap.

Especially with the backing of 2 (or possibly more) of the old GGP crew in there. Gervaise Heddle & PJ.

Once news lands, no chance picking them up this cheap.

Could easily be a 10 x by June from present levels.

GL.

I see mtec top of the board today, big ask but market starting to take it onboard!!!

Looking forward into close and tomorrow.

Meant this week.🚀🚀💰💰💰

Lots of investors targeting it 50p.

When a plan comes together!!! Lol fingers crossed we can continue to rise in to the close and beyond….

This goes nuts into the close. Sellers are nearly done and dusted. Holding a very strong and uptrend trend.💯💯💪💪💪

Better guide is

flat, small rise/fall - Trading pretty even

large rise (non news) buyers winning , prompting the bid to be pushed up to fill orders

large fall , sellers need to fcuk off... 😉😂

Buy, sell and unknown are 3rd party BEST GUESSES, nothing to do with MM/Market , they label NOTHING, just print TRADES they see as both a buy and sell.

No hocus pocus, black trades mm nonsense, just 3rd party sites like this one using a beyond 💩algorithm , trying to be helpful with trends/volume ratio's etc and FAILING miserably on most shares daily.

Based on the sites mid based algorithm , best guess , all above buy , all below sell (never the case for both) all exactly on its mid , delayed trades, or now seen outside of ITS range , chokes = UNKNOWN

Its as simple and tragic at that, likewise making the 3rd party stats as much use as a chocolate tea pot. 😲🙄

Is showing as a sell - looks interesting and hope to see a higher price at the close. Anyone see what the order book is like?

Thanks

Yes, big orders are being filled up. The afternoon session will be exciting.

Https://www.linkedin.com/posts/base-resources_base-resources-is-pleased-to-announce-that-activity-7187951988305719296-35gh?

Thought my shares were bottom drawer until Toliara started….. great RNS. We get cash dividend and shares going forward.

Toliara is on track as a major long term cash cow

Webcast at 11 am today

https://registrations.events/direct/OCP5249348

Going to sell if it get 10-11p today.

What an announcement!

Takeover by UUUU

$0.065 AUD Special Dividend.

0.026 UUUU shares per BSE share.

So that's roughly 58 Base Resources Shares for 1 UUUU share.

That's around 10 cents (USD) for each BSE share, in UUUU shares.

Happy days, and great de-risking!

Anybody seen the performance criteria for these vesting LTIP shares? With the SP being a third of what it was when they were proposed I would have thought that at least one criteria would have failed miserably.