Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Slightly disappointing ! And slightly worrying. Clearly p.i.s were the last to know before the significant drop before suspension. AIM all over !
Any update anyone ?
Mine have disappeared from my HL account....Almost forgot about them.
What is going on, communication here is the worst.
Been holding these shares since May-June 2017 and we are now rolling into 2019 and I don't know anymore now than when I purchased the shares back then.
Ken, it doesn't inspire confidence in management - guess I'm no longer patient enough for AIM.
Not in Noug then?
"Shortly" and "imminent" apparently means somewhere over 2 years. Lol
"Shortly" whatever that means...58 days since the shortly RNS...doesn't inspire confidence.
Is that just gut feeling Peter, or based on any conversations with the Co? Thx
Would have thought that we will see relisting by the end of this month. Tieing up the loose ends should surely have been sorted by then. Been a long wait.
Another month just casually strolls by.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 of the European Parliament and of the Council.
24 September 2018
Draganfly Investments Limited
("Draganfly" or the "Company")
Cancellation of trading
The Company announces that further to the announcement of 1 June 2018, the due diligence and legal documentation relating to the reverse takeover of a private entity owning copper exploration and development assets in Zambia, are near completion, the delay being primarily due to procedural regulatory issues in one of the subsidiary companies being acquired.
Given that as of 22 September 2018 trading in the Company's shares had been suspended for a period of six months, trading in the Company's shares on AIM was cancelled at 7.00am today in accordance with Rule 41 of the AIM Rules for Companies.
It is however expected that the final regulatory points will be resolved shortly, at which point the Company will announce an exchange of contracts and a proposed placing of new shares in the enlarged group. The Company will then apply for its shares to be readmitted to AIM, subject to, inter alia, shareholder approval.
Further updates will be provided to shareholders as appropriate.
Very happy , at least we aren’t in the dark
Must say that comes as some relief!
Obviously limited information but I'm a lot more hopeful of recovering some of my investment. Average of 0.5 for me.
First RNS at 7am was issued by the LSE as official notification of cancellation of the shares and subsequently confirmed by the company at 10.44am with the additional juicy tidbit re acquisition.
Looking forward to the next RNS
Nice find SP7 - wonder why it is not showing on LSE!
"One of the subsidiary companies being acquired".
I don't know whether you have seen this RNS as it does not appear to have been included on Investegate.com.
https://t.co/3Vp0oY18ON all is not lost.
Now this share been cancelled , sooon this chat room will be removed in a few days
See you people when rto is done ( if it is)
I'm an accountant so having had a humourectomy during my articles that went way over my head !!
Thanks Barraband, that makes sense hopefully they are working on an application now and things will get moving. I was expecting some news around now albeit a bit more positive.
As for the Basil comment - it is a line from Austin Powers. Ignore my humour :)
My understanding is that an RTO is conditional upon receiving the consent of the shareholders.
They should be notified without delay disclosing the certain specified information and accompanied by the publication of an admission document in respect of the proposed enlarged entity.
Where shareholder approval is given for the RTO, trading on AIM will THEN be cancelled.
If the enlarged entity seeks admission, it must make an application in the same manner as any other applicant applying for admission of its securities for the first time.
Therefore, I do not understand why shareholder approval has not been sought or given or if in fact an RTO has been concluded.
Presumably we will be updated in the very near future.
PS Who's Basil?
...but what does it mean Basil? Will/can they come back? Do we still own shares in the company?
As stated by SP7 on 14/09 - so maybe this is the next step in the RTO process. Fingers crossed.
NOTICE
24/09/2018 7:00am
NOTICE OF CANCELLATION OF ADMISSION TO TRADING ON AIM - XLON
Pursuant to AIM Rule 41 the following securities have been cancelled from trading on AIM with effect from the time and date of this notice.
DRAGANFLY INVESTMENTS LIMITED
213800ZZD1YO21RXEV26
ORDINARY SHARES OF NO PAR VALUE EACH, FULLY PAID
(BSJX135) (JE00BSJX1352)
DRAY INVE/NPV VTG FPD
WTF Luke