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boooooom
Shocking RNS
Where are you seeing these sells? I can only see one small sell so far today and a few small buys. The big red numbers are xfers to ISAs for the new tax year..
Isn't golden, there are definitely some genuine sells going in. it would be a good time for some information please BOD.
Hi Screech: thank you. I got only £1k there, no spare cash now, but still exciting....well can't be in all opportunities
anyone who took my tip fdbk is breaking out 3.75p paid 3.25p resistance gone charts showing 5-6p next with CE approval due before end of May.
I believe you are right Del786, I didn't understand 'Bed to ISA', as I always trade on a standard trading account. But having read about 'Bed to ISA' and how they work. I believe thats whats these trades are. All three are shown in pairs (i.e sell from standard account --> buy back into ISA). Each trade under £20k to new ISA limits for 2017/2018. Because of this rumour yesterday, I believe this individual(s) are transferring into ISA to exempt tax when share price doubles/triples.
Ok sorry about that Del hadn't realized was rushing and didn't check properly.All good then, have a good day everyone.
They are not sells, all 3 trades are bed & ISA
looks like PJ as finished selling and probably loaded up on RGM after the 2m director buys purchased there yesterday by Andrew Bell.It will all come good here.
Technically that's an interesting development. As a AIM rule 15 they need to do a RTO or be slung off AIM. It seems that one way to "do an RTO" is to become an AIM investing company (rule 8) under the new more-stringent AIM rules for investing companies. That requires a new InvestCo to raise a minimum of £6m (see AIM note 46 last Jan). It looks like if you're a rule 15 cash shell (CAF) then if you raise £6m then that transaction to becoming an investing company would constitute a RTO under AIM rules and would thus satisfy the AIM rules to stay listed. Interesting, I've not seen that happen yet - but since the new rules have only been in place 12 mo that's perhaps not a surprise. So now it looks like they won't do a RTO of a company as such, but instead will just raise a shed load of cash and kick the can down the road a bit further (an InvestCo gets 12 months to deploy its cash or otherwise it too gets booted off!) Since Beauforts are one of the joint brokers one imagines they'll get a slice of the £6m fundraise or else they'll throw their toys out of the cot.
Bed and ISA. Some clearly holding a good amount
Hmm I agree re-reading it. Hard as in definite or concrete news. The 1.5m is probably last of PJ?
They are bed & isa .. some big holders
1.5 Million sold off first thing..........
Lotto I don't think 'hard' was meant in that way. Hard as in solid news I think. Some big bed and ISAs going on by the looks of it.
What puzzles me is the slightly negative spin from the rumour mill: "On the cusp of receiving some hard news". I think there may be a drop today, due to some not understanding the positive implications of this strategy change. Just my two pence, would love to be proved wrong
China Africa Resources to scotch reverse takeover speculation by launching as an investment company - sources Thursday, 6 April 2017, 4:15 pm Remember my tale about about China Africa Resources? (in case you don't, here is the link: https://www.betaville.co.uk/news/revealed-the-real-reason-china-africa-resources-changed-its-name-to-pembridge-resources-sources). Well, I hear followers of this AIM-listed tiddler are on the cusp of receiving some hard news, some of which is likely to be quite unexpected. China Africa Resources - which is in the process of changing its name to Pembridge Resources - is poised to relaunch as an investment business under Rule 8 of the AIM rules for companies. An announcement could be made in the next few days, according to my industry sources. This might surprise some of the bulletin board punters, who have been expecting a reverse takeover announcement as it's the standard move for a cash shell and one that is generally required by AIM rules. Over the last few weeks David Linsley, the newish chief executive of China Africa Resources, has recruited a heavyweight team of mining specialists as directors or advisors and, according to sources, he wants to use their experience and network of contacts to make a series of mining investments. One person who has heard of his plans says Linsley - one of the founders of Cross Asset Management - is going to run Pembridge like a private equity firm, taking total control of the mining operations wherever it invests. AIM rules state that: "within six months of becoming an AIM Rule 15 cash shell, the AIM company must make an acquisition or acquisitions which constitutes a reverse takeover under rule 14. For the purposes of this rule only, becoming an investing company pursuant to rule 8 (including the associated raising of funds as specified in rule 8) will be treated as a reverse takeover.” Rule 8 states that: "where the applicant is an investing company, a condition of its admission is that it raises a minimum of £6 million in cash via an equity fundraising on, or immediately before, admission.” So, investors should expect an roadshow in the not too distant future... - See more at: https://www.betaville.co.uk/news/china-africa-resources-set-to-launch-as-an-investment-company-sources/#sthash.VWOif8ob.dpuf
Expecting a big blue day, news is imminent and love the rumours :-) Most of the RNS from the company come out whilst the shares are trading
They would have to publish a prospectus and have an egm to issue that many shares as it would dilute existing shareholders so heavily and significantly change the company. So we might find out the plan soon.
Not yet...but thinking off doing so....will wait until we hear about investment funding news as per link posted am in SML - THR & MAFL
Hey Euclid :-) are you invested here?
done at say 3p is another 200m shares plus 81m - just shy of 300m shares in issue - not bad plus a nice £6m in the bank