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Signing off. GLA
It was originally mooted as BRAD a couple of weeks ago, but now I see it may have changed to BHL, this would be pretty much par for the course ;)
https://www.proactiveinvestors.co.uk/companies/news/955100/bradda-head-to-list-on-aim-on-monday-with-highly-attractive-portfolio-of-us-lithium-assets-955100.html
Is Brad the ticker or Bhl
Time to close this thread and open a new one on BRAD, as the long running farce moves to a new chapter, and since the Epic CDC is now 2 iterations old. The only +ve point, beyond a the bare realities of a relisting, is that BRAD looks a decent value proposition at the floated SP, at least to those of a trusting nature.
They are so lackadaisical about updating the website - no mention of the float (on Monday?!) and of the latest accounts, which are mentioned on the LSE Schedule One update. I'm shocked.
I don’t know. I suppose they want as many takers as possible but depends on demand from city players I suppose. Ask the company.
Here’s an extract from email I got from the LSE (the real one!)
Hello Bill,
I can confirm that the Link is genuine.
you’re right there are a couple of small UI bugs which I’ve raised so they should be addresses shortly.
As for the admission document the Company is expected to admit on Monday 19 July 2021, so it hasn’t yet passed the deadline to publish its admission document (normally 3 business days, so on/by 14 July in this case) albeit perhaps good practice to publish as soon as available.)
Hope this helps. Let me know if you have any further questions.
Kind Regards,
Rob Lowery
Security Analyst (GSOC)
London Stock Exchange Group
Do we long term holders get to subscribe to the float as we need to average down seriously after the 10x consolidation wonder if there will be director participation in the float will be interested in your views
TO be listed 19 July
https://profile.lsegissuerservices.com/upcoming-issues/BraddaHeadHoldingsLimited
on the website now admission
https://www.braddaheadltd.com/wp-content/uploads/2021/07/Admission-to-AIM-and-Fundraising-07_00_08-05-Jul-2021-News-article-_-London-Stock-Exchange.pdf
The telegrph article indicated it would float at 5.5p a share, following on from the 10 for 1 consolidation this amounts to 0.55p per old share?
So, co valued at £16m
https://www.manxradio.com/news/isle-of-man-business/bradda-head-to-mine-for-lithium-in-us/
https://www.londonstockexchange.com/news-article/market-news/admission-to-aim-and-fundraising/15044847
Not clear from admission doc how much dilution there will be. But we'll soon know.
Good spot, thanks
Couple of updates to website too - https://www.braddaheadltd.com/about-us/board-and-senior-management/
https://www.braddaheadltd.com/about-us/corporate/
So good to see some progress
AIm listing this Month according to press today
https://www.telegraph.co.uk/business/2021/07/03/mellon-list-lithium-miner-londons-junior-market/
In case this is any help to anybody - I have persuaded my Standard Life SIPP to sell me the shares so that I can get the certificate in my name. We now have a market value (4.8 US cents) for these unquoted shares and that's what persuaded them. My aim being, that as any proceeds would be fully taxed as a pension derived from my SIPP, I would be better off having them in my own name and getting the CGT allowance as an individual. Also, as a named shareholder I should be entitled to updates from the company!
One would hope so
Surely announcement and float must be imminent
All gone quiet happy Easter to all anyway
After spending 5m to get this deal with zenith is a share price of 4.8c good value it will be interesting to see how the cpr turns out
My share value should have read 2px 10 post consolidation
Just spotted they also say the drilling will only cost about $1m so maybe they won’t have to offer half the company in the coming fundraising.
I think they represent the current position according to the Zenith update below but please feel free to check them :)
After the consolidation prior to last fundraiser there were 37.5m shares of which our 10 percent was 3.75 m shares valued at around 2p each so what do your figures represent
Thanks for the info bill , calcs look right , not sure & haven't looked into any comparison's yet will have to wait and see once they float just hope the long long wait has been worth it.
So if 15% is 11,768,461 shares that means there are 78,456,540 shares in issue which is less than I thought. At 4.8 cents ps and 1.40 £ to USD thats a market value of £2.7m for the company. I imagine Zenith got a good price. And let's assume that they'd give away half the company on more capital raising, so say 160m shares in total. If the float was valued at, let's guess, £50m, then that would be 31pps. Which would be about breakeven for me. The great escape! :)
Please check my calcs!