The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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There was a report about insurance on the news this morning that the FCA have commented on. I was in shock as I thought the FCA was mythical like Unicorns and Gummy Bears.
Shedulike post 14:38. Spot on I think and that could possibly mean news next week, reference JORC. Well done contacting the FCA, but let us not hold our breath. I am busy with work now so only check in here a couple of times a day, but am happy to see BUYRED as dissapeared after his unprovoked attack on one of our few excellent informative posters, "Oiltap".
GLA.
Lots of brand new shares hit the Market on Monday.
News before? News after?.
Will be interesting next 2 weeks that is for sure...........
Gla!!!
Didn't say they would accept (might) is completely different.
They bought 1m pounds shares, I just bought 1000 same price and wait.
I second that, well done bricks, your efforts are appreciated.
Looks like buyers returning, hopefully our gamble paying off :)
Someone might pay them off to drop the case, cash is king... say no more squire.
Bricks, thank you for taking this forward. I hope something constructive comes of it
The Turner Pope issuing of warrants at 65% reduction of their own valuation @ 0.071 pence really hacked me off. That does need looking into IMO.
Also Turner Pope raising 1m pounds by issuing warrants at 0.0025 then the very next day putting out a brokers note saying the shares are worth 0.0071.......fook.....why didnt they raise the warrant price then ?
@ Oils I am also not so sure what they are doing is actually legal ito their trading modus operanda...ie Sell in open market when its high and bring the share price down....then invoke warrants at a lower price..... without LSE permission....hence my email.
Messages passed in the airwaves :-)
@Bricks.....I should have said .......Did you mention the Rns relating to a Tr1 notification stating a reduction in holding that Euz received approx 2 weeks earlier?.
Thanks
They will do a full investigation. The TR1 is what made me write the email. Im also not so sure what they are doing by "selling" their shares in the open market and then exercising their warrants is actually legal. I am also seeking their advise on that.
@Bricks. Thanks for taking your time to contact 'the authorities' .
Did you happen to mention the delayed Tr1 in your e-mail ?.
Thanks again
With reference to JORC process with AMS - "In this age of wondrous technology this week at Europa Metals we turned much of it off and think a couple of weeks have been saved just by getting everyone around the same table for four days" (LR LinkdIn).
Approximately 4 weeks from 25 Sept so hopefully between now and 23 Oct.
I did actually message him earlier today on Linkedin and asked about when we might expect JORC results - and he said they will be in early Q4 - so anytime now essentially, currently being processed. Early Q4 to me means anytime in October, but hopefully in the next couple of weeks
Thank you for contacting the Whistleblowing Team.
We have reviewed your email and determined that your enquiry does not fall within the remit of the FCA Whistleblowing Team. We are in place primarily to receive and manage disclosures of employees / ex-employees of firms within the regulated sector. If we receive information that does not represent this we will refer ownership to the relevant area of the FCA that is resourced and trained to handle the matters in question.
I have forwarded your email to the most relevant team within the FCA for their review and consideration.
Once again thank you for contacting the FCA.
If it helps he gave me a firm rebuttal of any conspiracy theories by email as you would expect. Interestingly he also stressed the importance of his options suggesting he wouldn't be doing it just for his salary. Personally I don't think £75K is insignificant but honestly compared to some salaries in junior explorers on AIM it's peanuts.
They don't willingly let out price sensitive information and usually won't be stooopid to let anything slip. You could get...." Everything is on schedule. News will be released soon?"
I wanted to have a candid conversation with him about Monday. That was my ultimate point of trying to contact him
Sorry that looks a bit mean on the screen - not intended (or the poetry). You should have asked him if he knew he has a strange stalker type on here with a Penfold fetish.
Shed, I know that, but as I said I wanted to ask him loads more but when he returned my call I was in the middle of some stuff and had to go