Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I too currently rely on HL who don't deal with ASX but It looks like IG is a good platform for holding or trading ASX shares. Prima facie the Ricca ASX shares would qualify to be held in an ISA with IG. I think I would keep my IRR shares in my HL ISA until a bit nearer the time of demerger and then open an IG ISA and transfer them into it. That requires ISA transfer rules to be followed (must transfer full year's ISA not part and not withdraw it oneself but formally request transfer).
Not sure... its a question I'd like answering as I use iweb.
And then there's the added complication on how they're treated in sipps, isas etc. Also for cgt calculations how do value these new free delisted shares on disposal?
Vincent hints that Ricca shares will be listed on the Aussie stock exchange some time next year. Can anyone suggest how that will work for Hargreaves Lansdown customers, as I don't believe you can hold /deal ASX shares on their platform.
Suspect we won't be staying at these levels for much longer - fundamentals just got even better (if that's possible) with confirmation that investors who get free shares in Ricca and take the rights issue at 10c will at a minimum double their money / quadruple their overall position on a 2022 ASX listing. The A$7m of funding being provided also makes complete sense, why spend money on something that isn't being attributed any value by the market? Very astute management here that are executing on a well planned strategy, impressive stuff.
That's what I wanted to hear, happy with that and will build my position
That's what I wanted ??....happy with that and will build my position here
Apologies, yes wrong way round
Don't mean to be pedantic Unluckyme but it is 1 for 8 free shares in newco ! lol
omg credibility? ffs am i not allowed to change my mind, theres some real mup pets on here but idgaf because im all in
lets go to the moon
munchbox54, 8.07am
"can see me buying more at 15p. psss poor VM as usual ."
munchbox54, 8.27pm
"Answer is the stand alone company he thinks should be valued at 3-4x today’s value. Looking forward here. Watch Piedmont buy shares on the open market. Expect 20p very quickly"
Tells you all you need to know about the credibility of this poster.
Vm told us ewoyya was a Co. maker years ago, but that was BS right!?
How49. I was here a few years ago. When Chad was talk of the town. I know of all the assets and all the BS VM has fed us over the few years. I didn’t really think ewoyaa would be that big. The Piedmont Ceo let off too much of one can understand his cryptic message. If it’s cheaper to shop from Ewoyaa then wtf are you waiting for ? Answer is the stand alone company he thinks should be valued at 3-4x today’s value. Looking forward here. Watch Piedmont buy shares on the open market. Expect 20p very quickly
Did you do any research before you watched that video
Great find by Teddy of the interview with Piedmont’s CEO who gave away a lot more on IRR than we’ve heard from VM in a while & has been said it potentially unbelievable. I’ve mentioned before there’s no way in the world Piedmont are letting the other 50% of the best quality lithium out there go to a competitor. The question is how they’ll play it & much will they pay for it??
Now the demerger cards have been laid out on the table IMO anyone selling now before the 23rd November even the constant big seller has got there head screwed on the wrong way!! Free shares 8 for 1 in another potential outstanding resource is a gift. Another plus is the imminent listing in the US which can only add to the sp with no previous shares to sell. We are surely in for an sp rerate post demerger.
If the CEO of Piedmont says the next upgrade will be north odf 20mt then hes no fool and has some insight as to whats going on...... forget that for a minute because its only a 50% upgrade ...
now he carries on to say we dont know how big it could be ...20mt,30,50,70mt ...... like wtf seriously .....does Ewoyaa have that much potential on the upside, if so my 40p target is for fools. and i put my hands up asap.
The mind boggles at the potential here and its one that even the blind can see ...once a stand alone Li company Piedmont will come knocking hard and fast.
Im like a broken record but if Piedmont had to beat off chinese competition and the =resource of probably the hottest material of the future is up for grabs there is no chance the lithium company wont be taken over ...ESPECIALLY IF iTS CHEAPER FOR PIEDMONT TO SHIP FROM GHANA COAST THAN QEUEBEC ITSELF >>>>>RRRRRRRR
Regarding the risk of losing ISA umbrella for unlisted company shares, that need not be an issue here assuming that the transition is done reasonably efficiently. Most providers, like Hargreaves Lansdowne, can allow several months grace for a planned listing of a demerged company's stock before they would feel obliged to move unlisted shares to a non-ISA account.
I have added too. I didn't manage to get the bottom but under 18p is still pretty cheap IMO. The only annoying thing is holding these unlisted shares. My current holding is in an ISA and these will not be eligible for that so I guess they will need to move out into another account.
JL
Called reading the RNS properly b4 posting. Somehow in all the excitement completely missed the 1 in 8 bit, not the bit to miss really :). Plenty to digest today not sure how I feel. That MRE is overdue and I want to see it.
many thanks for that. have a good evening.
Equally your existing holding of IRR will lead to the RICCA shares being automatically awarded to you once RICCA readies for trading in a couple of months time. They will initially appear in your stocks account with a place-marker with a specified number of shares pro rata 1 to 8 to the number of IRR sharers you hold. The placeholder will show as NA for value until trading of the new stock commences.
Buy IRR by the subscription date 23rd November and you will be allocated RICCA shares as long as you hold on that date you will get allocated the new Gold company (RICCA) shares.
how do you actually get the share in RICCA
Todays news has finally got the demerger out of the way. We all know how big Zaranou is and the potential is massive. Gold MRE is well overdue and they have been drilling for the whole of 2021. I will be taking my full subscription of RICCA .
Just a thought but it had crossed my mind when the demerger was originally announced how does the co stop everyone and their brother climbing on board to get freebie shares only to dump them on the market once the transaction goes through so this is one way to prevent that happening..mskes it possibly a more longer term holding but hey hopefully the lithium shines in the short term and the gold is a bonus down the road sometime