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I’m afraid I can’t this Monday. Hoping to see resolutions rejected and if so I would be up for some direct action straight after….
ii pal they trade and it’s no biggie
Is no-one going to go ? As I've said before I'll go but 1 on his own is no good.
So, who have people transferred to?
Any keyboard warrior going to confront MM in Somerset? Or are you guys happy hiding behind the screen and attacking anyone who dared say MTR is sh*t for the past 5years?
Anyone STILL holding !! MTR shares and it's with HL should transfer pdq !!
Otherwise they will transfer them to a holding a/c with HSBC @ close on 27Mar.
You can continue to hold... but unable to buy more.
When wishing to sell you will be charged the following....
The following three charges will be applied to a sale:
Our telephone commission of 1% of the consideration, subject to a minimum of £20 and a maximum of £50.
Our overseas counterparty will charge commission of 0.35% of the overall deal, subject to a minimum of AUD200.00, which is currently approximately £110.
HSBC will also charge a transaction fee of £15 per sale.
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Blimey... methinks most peeps would agree their taking the pish somewhat !!!
==========================================
Hurry up and transfer to a more amenable broker would seem good advice !!!
But, in the words of the Dragons......
I'm out !
GLA
Ta-ra
Finally had a reply from ii, they will be transferring MTR shares to the ASX, when their primary LSE listing is canceled.
I spoke with HL today. They told me a letter will be going out tomorrow detailing what you can and cant do. He expects it to include a way to trade MTR going forward through HSBC. 'More expensive' also.
Thanks. I had mistakenly used the Australian code in the transfer form. This does, however, raise a question. If ii accepts my MTR shares that were bought on AIM using the GB code, what will happen when the AIM listing is presumably cancelled and the shares are converted, again presumably, to the Australian code? I have asked ii to confirm that the support will continue after the AIM listing is cancelled. If it does not, and I am then forced to sell the shares on ASX, there is little point in transfering the shares to them, other than possibly to get a higher price.
Net Tangible Asset Backing
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02643298
:......................
Further Information Regarding AIM Cancellation
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02643303
I had no problem with ii. Interactive Invester do support Metal Tiger. At cash and transfer menu when selecting the shares to transfer type BMQC069 for metal tiger.
I'm sure they don't. I'm prepared to drive from the Midlands but I don't want to turn up on my own., there needs to be a reasonable number turn up., 20+ if possible to make a bit of noise.
It’s in wincanton, Somerset. 3 hours by train or 2.5 hours by car from London. I don’t think they want us there ….
I've eventually got through to HL and was told they are waiting for info from MTR so that they can present alternative courses of action to their clients. I am reluctant to sell up at this price but might have to. I'll wait to see what HL come up with.
Having completed the online form and selected MTR from the list of shares to be transferred from Smart Investor into ii, I have to day received this message:
"YOUR ACTION IS REQUIRED (Stocks needs to be sold): your investments, highlighted below (Metal Tiger plc), are not supported on our platform. There are no alternative share classes which we can support to enable the transfer. An option available to you is to sell the investments and transfer over the resulting cash balance. You will retain the tax wrapper on the cash if your account is an ISA. Please contact us via secure message or telephone to confirm how you wish to proceed and we will pass the instruction on to your previous provider. Alternatively, you can instruct us to cancel your transfer"
I have no idea what ii are playing at and I have messaged them for clarification. Has anyone else received the same message?
I have voted against. Is anyone planning on going to the OGM in person?
Interestingly mtr have changed the egm into an ogm - which I think lets them off the hook to organise another AGM in May. Don’t forget to vote against these resolutions!!! We are being shafted here.
I transferred my ISA, SIPP and Trading Account from HL to II and the total process took eight days, very impressed by both organisations.
When I spoke to HL their advice was to transfer or to transfer as a certificate as they cant trade on asx. Transferred both of my isas to IG, who said the process would take 15 days.
Sell and move on?
I'm having difficulty speaking to HL with regard to what to do re the MTR shares. Is doing nothing an option? All the shares are in either ISA s or a SIPP draw down account. Anyone help with any info?
If I say the words I actually want to say, the spelling police will arrest me but poxy is pretty close and absolutely relevant here.
TF1.... I take it that 'poxy' is your favourite word at the moment !!
First invested in 'poxy' MTR early 2016 and to say I was not impressed by their 'poxy' performance over the years would be a 'poxy' understatement !!
Traded at times to make a few 'poxy' quid but finally pulled 95% out two years a go .
Their performance of late has been 'uber-poxy' agreed and I shall be glad to see the back of this 'poxy' outfit next week.
Good Luck to anyone brave enough to stick with them on the 'poxy' ASX.
Commiserations to anybody nursing 'poxy' losses.
But don't forget to.....
.....>>>>> https://youtu.be/SJUhlRoBL8M <<<<<.....
and remember that.....
.....>>>>> https://youtu.be/TaDbMZlN2Pg <<<<<.....
;-)
buy yesterday afternoon wasn't it. Someone must be confident.
Has anyone on here bought MTR on the ASX?
Interactive Investors (ii) trade ASX stocks, but I can't find MTR listed only on the LSE. Cobre LSE and ASX, Sandfire ASX and Toronto, MTR only LSE listing, seems odd and slightly concerning.
I'll contact ii Monday for some clarification, but from MM's proactive interview, I don't think they gave a single thought as to what would happen to UK invesors share holdings. In the interview he states shares will be converted to CDIs but two brokers that I know of, will not be doing this and will sell your holding.
Strata investment holding was incorporated on 12th Jan, so some people had plenty of notice to get their holdings sorted. Yet the company are hoping to release info for the rest of use soon, after the nomad approves it.