Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I totally feel for the long-term holders here! I personally was one of the lucky ones that bought in on the drop! I can't even imagine your frustration @NicName if you were a long-term holder!
What's the urgency to take an offer where investors are being screwed? Did you all buy in 24th-30th June?
At worst I have been told it is 28 days from 21st July 2022 then around 10 days for payment. That was from Barclays.
How much longer until we get this settled??
Speed up pls and pay us out
How much did you make from the Yuri?
Does it matter? Together they practically have voting majority anyways,
most nominated accounts are voting "FOR" automatically by brokers.
BoD "recommends" it, therefore it's already done and deal if they secure financing package.
Has anyone had anything through yet regarding accepting the 9p offer?
Has anyone had anything through yet regarding accepting the 9p offer?
My share account is showing LAM price at £8.70 today for some reason. I'm a millionaire :) lol
Not sure to be Honest but I am guessing soon!
How long are we likely to be waiting??
Be interesting to know what legal justification the company now has for withholding publication of last year's accounts which would allow a resumption of trading. The company is still obliged to adhere to UK law and the UK listing rulebook and I very much suspect in my non legally trained opinion that their current action, which is currently preventing individuals from liquidating their holdings at the market determined price, is potentially challengeable.
Wonder when we will get the corporate actions through.
https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/europe-middle-east-and-africa/united-kingdom/topics/delisting#:~:text=The%20main%20requirement%20to%20delist,LSE%27s%20market%20for%20listed%20securities.
.. till they get relisted? Very interesting to see SL is only selling a fraction of his stake at this low ball price.
I see a few are wanting a hurry to return to trading, they seem to have forgotten that the share is suspended until the accounts are issued, anticipated end of Q3. While the proposed takeover is going ahead , it’s not in the companys interest to return to trading and complicate the process. In my opinion , I don’t believe it will trade again and we will just have to wait until the monies are in our accounts.
@bonker99 What do you mean? Have I missed something?
Interesting notion this talk of selling ASAP at 9p when the entire enterprise has just been publicly marked to market at a minimum value of 9p.
Each to their own I guess ...
It will probably go something like 4 weeks until the offer, then another 2 weeks until the vote, then another 2+ weeks until completion.
This could really drag on. Hope they sort the audit issue and unsuspend ASAP
I have personally never been in a suspended share when an offer has been made so I am not sure how it works to be honest so I have messaged Barclays and they have said the below.
Usually, this type of information is provided to us, and we have a dedicated team that deals with corporate events. These events then are posted to shareholders accounts, so they can select an option
So based on this I would say we vote to accept via our Broker portals.
I am like that I would honestly sell for 8p at the minute just to get the money out and into something that will make me money! But on another note, I have personally more or less doubled my investment so that doesn't come along often!
What exactly happens now as I will be honest, I read it but it makes no sense? I am with Barclays how do we agree to the price and get these sold?
Is it 4 wees to issue the offer though and then more weeks wasted afterwards to vote and get ducks in a row before payout?
There are so many stocks in the bargain basket right now it is very frustrating having a chunk of cash tied up here for zero reward..!
Its also a non sense process - they could move us back trading and we can only sell for 9p / mention another 4 weeks max now to wait