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Precisely the same reason I sold -- I know the area and people, the the locals had got somewhat comfortable with dalradian, a new monkey coming onto the scene will be viewed with distrust.
How long before we receive our cheques?
Correct. the BOD recommend it but decide not to accept it themselves- how reassuring !
Got a link to pro-active?
The problem today is that this behaviour can't be challenged as PIs can't / won't take the time and expense to fight it and no regulatory body to see fair play.
Looks like PI's have been well & truly shafted here. Proactive Investors have picked up on it too.
If it's such a "Full" price, then why are Orion, the BOD and Osisko retaining Equity in the Project ? Ask yourself that !
Ans: it is worth FAR more than what Orion are offering going forward. Blackrock are just taking a quick turn on an Equity Investment as far as they are concerned , and don't care beyond that.
Does not bode well for the future of ANY AIM-Listed Junior Mining Cos IMHO.
PI's funded the Exploration stage of the company for well over 10years, then got right-royally seen to ! That's reality.
DYOR. GLA. & Goodbye !
I had some shares here but sold out in recent weeks because I wasn’t sure how the sale would be treated by the Canadian authorities.
I live about 50 km from this mine and have been researching it more recently and it would seem that there are several and growing local protest campaigns against the plans.
Dalr are spending a lot on PR but it seems too polished and professional to cut much ice with the locals.
Dalr reports so far have always said how much support they had from the local community and politicians.
I think we should treat that with a grain of salt and the takeover by an investment outfit like Orion won’t make it any easier.
How and when will I receive this payment?
If approved, the resulting cash proceeds are expected on or shortly after 17 September 2018. The proceeds will be received in GBP and will be credited to your Account upon receipt. The exchange rate that will be used to convert the proceeds from Canadian Dollars into Pounds Sterling will be the rate established by Computershare Trust Company of Canada on the date of the conversion.
Should you have any queries regarding this Plan of Arrangement please do not hesitate to contact us on 0117 900 9000. Please note we can provide factual assistance but cannot provide advice about any action you should take.
How has the offer price been calculated?
The Consideration represents a 62% premium to the closing price of the Company Shares on the Toronto Stock Exchange on 20 June 2018, the date immediately prior to the announcement of the Arrangement Agreement, and a 49% premium based on the 30 trading-day volume weighted average trading price of the Company Shares, calculated as of such date.
When can I trade my Shares until?
Dalradian Resources Inc Shares can be traded until close of business on 7 September 2018. If you have a holding after this time and the Plan becomes effective you will receive CAD1.47 per Dalradian Resources Inc Share.
he Boards of Dalradian Resources Inc and Orion Mine Finance Fund II LP have reached agreement on the terms of a recommended cash acquisition, by Orion Mine Finance II LP, of Dalradian Resources Inc. As a holder of Dalradian Resources Inc held within your Hargreaves Lansdown Vantage Fund & Share Account you have been offered the following:
For each Dalradian Resources Inc Share: CAD1.47 in cash.
If the Plan of Arrangement is approved at the Meeting to be held on 31 August 2018, and becomes conditional upon the receipt of the Final Order from the Court and approval of the Toronto Stock Exchange amongst other conditions, it will become effective on 7 September 2018 with Dalradian Resources Inc Shareholders as at the close of business on 6 September 2018 automatically receiving CAD1.47 in cash in place of each Share held.
https://www.legislation.gov.uk/ukpga/2006/46/section/979 Does this apply to DALR and AIM companies? Anyone know?
Will this cash offer be subject to Canadian withholding tax?
Has the deal been rubber stamped?
After posting on here the other day it got me so frustrated I sent an e-mail to BlackRock asking them to reconsider their decision. Many will be saying why did I bother. Well I felt I had to try something. I don't have social media accounts so this was the best often. Early days yet but In my heart I don't expect to get a reply. At least I got it off my chest. I don't know the ins and outs of the company. I am an ex-Minco holder. Having BlackRock on board made this a sound investment to me so I stayed with it when it was over one pound. All the rns. sounded very positive so why would you not.? I have found this link today. If anyone feels more confident enough to do something more about it be my guest. Thanks. https://www.londonstockexchange.com/companies-and-advisors/aim/advisers/aim-reg-team/aim-regulation-team.htm
Same happened to my post the other day
Oh dear - it has now appeared!! Apologies to lse but you still need to sort out vanishing posts for them to reappear again.
My post of yesterday saying look at the 12 month graph , volume and RNS to see the stitch up Well done lse to succumbing- get some balls for once and concentrate on getting this crap site working rather than pandering to the money men.
We do look truly stuffed!
Oh surely not ! Plug in the RNSs and times to the 12 month chart and you can see it’s been played completely . It crashed after Barton of Orion joined- and see what happens . It’s a miracle! Unless far flung pis become cohesive, the few rich will always win- after all , the price has recovered so aren’t you lucky. If you want your true value, you have to use social media etc and fight back - won’t happen and they know it. Their timescale and pockets can beat loyal pis every time. **** poor for an investor, great news for spivy peeps - shite world isn’t it?
Sorry! I have just read the rns. and it saying that BlackRock is voting for this. They must be getting a backhander surely?
Just seen the various posts stating the news as I have not been on for some time because of the disappointing SP for no reason at all. Now I know the reason! Absolute con!!!! Happens so much on aim and nothing is done about it. So much for being regulated better!!! Surely BlackRock are not going to entertain this? They have a huge holding, if anyone is going to fight for our corner they are, bearing in mind they were buying large holdings over a pound. Also what about the shares held by the old Minco company? Quite convenient that Dalr bought out the royalties not so long ago. Do we know when the vote is? Thanks.
I just keep a close check on buchans website - I think they will be an excellent company once listed - from what I read into it allot of work is going on behind the scenes
Updated economics for the Curraghinalt gold deposit will be announced in the upcoming feasibility study, expected later this year.
Bit late if the BOD recommendation goes through - whose looking after PIs and minority interests here?
Need Winnitheth on this one imo
Keith - spot on re all aspects of your post.- look at the non existant volume causing the drop.
This is a rape and pilage job I fear - thats the prob with having dispersed pis whose pockets are not as deep as Orions.
and a BOD who will do alright afterwards. Very poor
Does anyone have any information on the Buchans free shares we received?
I am a holder and quite substantial but there isn’t any point shouting I will be voting against this and I’m sure many others will to . I will be surprised if the deal goes through any decent share holder will vote against this . And to get the percentage they need will mean nearly all of us saying yes and as this was over a pound early in year why would you