Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks for that Ardtole. I worked it out about 41 minco for 1 Dalr. They are currently showing a value of 16,700 ish so the 12,500 is way off. I am in two minds to sell! Thanks again!
you have about 12500 dalradian shares at approx £1 each.
Thanks for the info but that has really gone over my head! I have 616028 Ord. shares so how many Dalr would I receive?
A good way to keep up to date in the future on buchans/minco, might be if you google bmc bullboards. Its a Canadian bb, very quiet at present but Id expect things to pick up when it starts trading again.
I think buchans will trade on the tsx v exchange, dalradian is on the aim exchange (i think), and the tsx exchange.
don't know that we can trade buchans at the moment...but maybe in the future. The deal is worth 4p per share imo.....a big premium to current bid price. Buchans may reverse into a shell in time.....
Pursuant to the terms of the Offer, which is subject to Conditions, each shareholder of Minco who appears on the register of members of Minco at the Scheme Record Time will be entitled to receive: For each B Scheme Share: 0.0242982110 New Dalradian Shares As part of the Scheme and upon the Demerger taking effect Scheme Shareholders will also be entitled to receive: For each A Scheme Share: 0.02 Buchans Shares (equivalent to 0.10 Buchans Shares for each Minco Share as at the date of the Announcement)
The rns. confirmation of the deal is great news, especially for us long term holders. We certainly have seen some ups and downs over the years! I am correct in thinking that we are giving up 4 minco shares for 1 Dalr share ? I have been told by my broker that my Buchans shares will be unlisted and go into my share dealing account so how are we going to trade them? Confu you are the main man with all the knowledge on here can you shed some light on this please?
26/07/2017 2:47pm UK Regulatory (RNS & others) TIDMMIO RNS Number : 1851M Minco PLC 26 July 2017 MINCO SHAREHOLDERS APPROVE SCHEME OF ARRANGEMENT FOR DALRADIAN OFFER AND DEMERGER OF BUCHANS * Minco plc Sale of Curraghinalt Royalty * Recommended Offer for Minco plc by Dalradian Resources Inc and * Demerger of Buchans to Minco Shareholders * Results of Court Meeting and EGM -------------------------------------------------------------- Dublin: 26 July 2017: Minco Plc (AIM - "MIO") is pleased to announce that at meetings of its shareholders held earlier today the Minco Shareholders voted in favour of the resolution to approve the Scheme of Arrangement implementing the recommended Offer by Dalradian for all of the share capital of Minco and the Demerger of its wholly owned subsidiary Buchans Resources Limited to Minco Shareholders by way of a transfer in specie. On 1 June 2017, the Board of Minco plc announced that it had reached agreement with Dalradian Resources Inc. ("Dalradian") on the terms of the disposal of Minco's 2% net smelter return royalty on the Curraghinalt gold deposit in County Tyrone, Northern Ireland ("Royalty"), which is currently being developed by Dalradian ("Royalty Disposal"). The Royalty Disposal is being effected by means of a recommended share for share acquisition by Dalradian of the entire issued and to be issued share capital of Minco (the "Offer") which will be implemented by means of a scheme of arrangement, under Chapter 1 of Part 9 of the Companies Act 2014 of Ireland (the "Scheme"). As part of the Scheme it is also proposed that Minco will undertake a demerger of its wholly owned subsidiary Buchans Resources Limited ("Buchans") to Minco Shareholders by way of a transfer in specie (the "Demerger") so that on the completion of the Offer the only asset held by Minco will be the Royalty. Buchans is a Canadian registered company which holds directly or indirectly all of the assets of Minco other than the Royalty. Full details of the Resolutions passed are set out in the notices of the Court Meeting and Extraordinary General Meeting ("EGM") contained in the scheme document published by Minco on 28 June 2017 (the "Scheme Document"). Except as otherwise defined herein, capitalised terms used but not defined in this announcement have the same meanings as given to them in the Scheme Document. The detailed voting results in relation to the Court Meeting and the EGM are summarised below. Voting results of the Court Meeting At the Court Meeting, a majority in number of Minco Shareholders who voted (either in person or by proxy), representing 99.9988 per cent. by value of those Minco Shares voted, voted in favour of
Well we are nearly there. 1 more day it seems like its dragged and dragged but we can smell the finishing line or is it GOLD i can smell lol
In bolton sorry
EGM getting closer. I wonder if new investors join after the 26th. Personally think at this price they have nothing to lose you buy one you get one free. Sun is out in the few who do post on here all have a good week
Not sure how it will work out. Dal are already traded in London but Buchans will only be on TSX. Should be clarified by Aug 17th.
Ok so question is ( i have minco bought through selftrade so) if the new shares r to b traded on the TSX can i still trade them ?
Wow thank you so much so basically 11th sept i can do a big shop. Cheers for that
Lad's,ye are bone idle - all the info is there on the RNS's so I'll type it out for ye. On July 26th an EGM will be held in Dublin to accept the Dalradian offer. 99.99 % will vote YES (like a Russian election) There's bound to be a nutcase with 20 shares who will vote no. August 10th is the last day of trading in Minco shares which will be suspended on the 11th. Dalradian shares will be issued on August 17th. We should be receiving our Buchans shares (to be traded on TSX) the same time. So by your date of Sept 11th we'll all be rich.
Sure i read somewhere thats when the shares stop trading and hopefully the deal goes through. Roughly maybe i am wrong ummmm
Why the 11th september?
Glad there is no action today. So far tick tock to the 11th of September
Looks like we are heading for 2p
Thanks for that
Your correct but there is speculation that if you hold your shares in an isa they will transfer but into a normal account thus tax being payable
Topped up twice today not a lot but every little helps lol. Lost so much this year think i am just not very good at the share game. But been following for 6 months or so i am right in thinking that my shares in minco will turn into dalridian and buchans automatically and go into my hargreaves account. Sorry for long message. So ie if i have 4k do i automatically buy 4k worth of daridian and get others for free. Hope i dont sound dense
Yesterday Halifax/Lloyds said that the new Buchans unlisted shares could not be held in ISA accounts, with automatic transfer of the Buchans to a normal trading account. So there may be some liquidation from this. Not sure what those 1m deals are about late yesterday. The quoted offer price has not come down so much.
Thats i what i think