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How long does an international bank transfer with HSBC take?
How long your transaction will take depends on where it’s going. You’ll usually find that payments to an account within the EU will be credited on the next working day. However, it’ll take a bit longer to get money elsewhere in the world. Most international transfers would be completed within 5 days, but this depends a lot on where your money is going and any further checks required to complete the transaction.
Rns on Monday I would say unless the money comes in on Monday morning and rnsed on Tuesday, until then we get closer to the permit landing too.
….. might end up blue at this rate!
Agree, good risk/reward here.
Took another small position here, let's see where we are tomorrow :-)
Share Trades are "a sky of blue". Looks like the scare has abated
Remittance note was passed for HSBC, as I’ve posted many times before.
This is not some two bit operation, the farminees are state owned and thus backed by the Chinese government.
Big reversal back up due when the funds arrive... Only a temporary delay imo. GLA.
There is no reason for APEC to play games and say they have sent the money when they havent, nothing to gain apart from trust in future business with others, big money which needs to go through some security in the banks.
If the money is coming from a different bank to the one its going to, and being such a large amount it would not clear like all normal transfers, this will need at least 5 working working days for sure, so i would say news on friday or monday if it was a afternoon transfer on friday the 5th
Just added as well.....going to be an interesting 8 hours
Good move gatto… its already come back 7% and buyers have snapped up cheap shares
I have added a big chunk this morning. Just a slight delay, all sorted shortly imo, then it’s on to 3p+ imo
“However, the Company has been given assurances that the transfer process is underway, but as of last night was not complete.”
We should be on for massive swing if above is correct.
Buys coming in now
Instead of a backstop based on late receipt of the wire transfer, PVR/LOGP/Exola need a backstop of a second farm in partner. Are they pursuing one? Or is APEC a one-off chancer?
Logp throwing a tantrum by the looks of it
Non-Receipt of Funds and Extension of Backstop Date As of the close of business yesterday, no funds had been received in the Company�s account and the Company has not received any additional paperwork from the APEC funder nor its corresponding bank as to verify the actual transfer of funds. However, the Company has been given assurances that the transfer process is underway, but as of last night was not complete. The Barryroe Partners are seeking immediate clarification from APEC�s funders and its banks on the precise status of the transfer. Accordingly, to facilitate this, the Barryroe Partners have agreed to extend the backstop date to close of business on Friday, July 12, 2019. Should EXOLA and Lansdowne either not receive the required funds or adequate evidence that the transfer will be processed as a matter of urgency, the Board do not envisage giving any further extensions to the backstop date.
May get intra day RNS if it completes by close of play today....could go from 20% down to 40% up....now that's a swing.
Is that right benchy boy..nothing is a given on AIM
Read PVRs RNS. Probably extended verification process due to overseas transfer hence the extension.
“However, the Company has been given assurances that the transfer process is underway, but as of last night was not complete.”
Squeaky bum time Non-Receipt of Funds and Extension of Backstop Date
As of the close of business yesterday, no funds had been received in the Company's account and the Company has not received any additional paperwork from the APEC funder nor its corresponding bank as to verify the actual transfer of funds. The Barryroe Partners are seeking immediate clarification from APEC's funders and its banks on the precise status of the transfer. Accordingly, to facilitate this, the Barryroe Partners have agreed to extend the backstop date to close of business on Friday, July 12, 2019. Should EXOLA and Lansdowne either not receive the required funds or adequate evidence that the transfer will be processed as a matter of urgency, the Board do not envisage giving any further extensions to the backstop date.
On July 8, 2019, the Company advised that it had received a remittance notification dated July 5, 2019 from APEC's funder for the transfer of US$ 10 million in favour of Providence's bank account in Dublin with a payment date of July 9, 2019.
The money is on it’s way, otherwise the backstop would have been longer. This RNS has just been put out to support the SP and reassure investors.
I’m sure everything will be fine. I will add if I can sub 2p but I doubt it will dip that much. I expect the market will see cash clearing tomorrow as a formality.
What's the problem here..... Are they not providing the cash now or just a delay in transfer ?
What an f...ing farce.
Car ferries and container ships do not shoot VSP's or drop 150,000 kg's of cuttings on the sea floor.
The preservation of aquatic mammals more important than share price growth to some of the krill floating about on these boards.