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Any help on what to do with or where are our are shares now? Do I transfer what I held to a broker on the Canadian market from my bank of Scotland share dealing account? I believe the takeover has happened now?
CAVEAT EMPTOR,
All this rotten crew have achieved is raking in easy money by issuing new worthless shares for gullible investors . If you have any sense stay clear..
it has been a billionaire's SINK HOLE to avoid taxation.
WRLG has agreed to pay C$6.5 million in cash, issue 28.46 million common shares and grant a 1.0% secured Net Smelter Royalty (“NSR”) on the Madsen Gold Project as consideration for the Acquisition, as well as make up to US$10.0 million in deferred consideration payments.
It is unclear what this means exactly. The cash wont cover the debts. Not clear whether any of the shares being issued will go to existing Pure shareholders.
I GOT OUT AT 40P A SHARE AND OTHER INVESTORS LAUGHED.
This company always behaved in a reckless way towards shareholders.
Stay clear and go to a viable company like Centamin.
This is a complete shambles. Canadian miners treat shareholders as a joke.
Horrible bunch!
What's the state of affairs for PUR shareholders and do we still own shares?
Sounds like a takeover/buy out from this link. Will we see a return? Appreciate any advice.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/776-tsx-venture/pgm/139663-puregold-to-be-acquired-by-west-red-lake-gold-mines-ltd.html
ii also inform me delisting, shares in isa ans sip pension
ii informs me that if I don’t sell my shares will be transferred to the TSX - is it worth sticking with them (rather than recoup the £70 for my 10000 shares) in the vain hope something positive happens?
Fella it's circling the rim of the toilet !
being a novice , what happens to the shares if they delist and later relist ?
Buys are open short closing - probably
This is not a new situation. I recall companies re-listing once they become succesful again but require new capital from a previous market. More likely, the shares currently being purchased will end up in a wealthy persons portfolio pending an eventual sale of the company to either him/she or another investor. Current prices could be the buy of the century for a shrewd investor
Pure isn't delisting from all stock markets !
If you would like to hold, but today and get average down. Otherwise, you should've sold anyway.
Absolutely horrific share, but no justification for such a huge drop based on today's news
Why are there some buys?
This is a friendly message - i know investing in PURE has been a disaster - i have had a few - i recommend selling now before the shares delist because it makes it way easier to book any capital losses you may want to use in the future, remember if you sell other shares, sell a rental property etc you can use these capital losses to offset. The problem is that once the shares are delisted there is no market, no price, and no transfer process in place so it gets really complicated and expensive (esp in time) to manage this process.
Thanks Blue
With gold flying it's the juniors that go on to outperform on an extended bull run.
GCAT is a producer that's worth putting 10-20% of your gold exposure in . Fully funded with 100% owned mine, own rigs and processing, own lab for testing, etc.
£30m+ spent on mine, $13.5m non dilutive financing secured December.
Expansion of production under way.
Market cap £15m
0.8p to buy currently.
Broker target for year end 4.2p
Up to 1.4p on today's RNS .
Up 27% Spread 33%
Court Approval of Solicitation Process and Relief
has clearly worked in this instance
Yep, agreed, graking but at what knock down price? Better something than nothing, though, I guess; at least this 'Chapter 11' was secured giving them some breathing space, otherwise 'Chapter 7' would have been 'curtains'! - sasa.
a sale must be the favorite
RNS...Application for Initial Order for CCAA Protection.
Down 37% ( spread 50% ) 0.6p
Barcp .. acc deactivated since about last post .
Got sentimental value because I bought some at 96 pence... :))
I sold thankfully , ...
they did beat liverpool but yes i get the point lol