Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I think that it may be changed to October in due course.
I am assuming that someone will be keeping a close eye on this.
https://www.health.gov.au/news/health-alerts/novel-coronavirus-2019-ncov-health-alert/coronavirus-covid-19-restrictions/coronavirus-covid-19-advice-for-international-travellers
That the AGM is scheduled for September and not October as in the past ! https://www.provexis.org/shareholder-information/
All you need to know
https://cpncampus.com/biblioteca/files/original/829c1ed448cc80aa3ba5371eec1fd81e.pdf
W$
A "moneyman" addition to the moribund BOD would be welcomed by many. They need a good shake up and Buck (who does nothing IMO) can spend more time with his other business interests.
Would be a bit odd to release an Rns stating a drop below 9% only to buy a few more and release another Rns for crossing 9% again , my guess is he has already bought to stay above that threshold .
Things certainly getting interesting here;
- a massive spread, but still someone willing to pay top dollar to get a slice
- regular Friday after hours RNS’s , why couldn’t they wait until Monday morning ?
- company breaking all (?) ties with the inventor Prof
- the money man (who now is the biggest holder) who may or may not be ,looking for a seat at top table ? Would he be welcomed ?
- a product that can help billions stay healthy, at a time when health is no longer being taken for granted, that is essentially being ‘kept secret’
- a massive company funding research on a product it doesn’t own.
I’m sure I’ve missed a few, but I’m off to mow the lawn
W$
28th Aug 2020 5:00 pm RNS Total Voting Rights
31st May 2012 7:00 am RNS Total Voting Rights
30th Mar 2012 11:46 am RNS Total Voting Rights Update
29th Jul 2011 7:00 am RNS Total Voting Rights
30th Jun 2011 7:00 am RNS Total Voting Rights
29th Oct 2010 7:00 am RNS Total Voting Rights
31st Mar 2010 4:35 pm RNS Total Voting Rights
4th Jan 2010 11:10 am RNS Total Voting Rights
DSM have been shown as having 143769230 shares since 26 July 2010 and at that time they were 12.95% of the total shares in issue. Now they are at 6.94% but I don't recall them having issued any TR1's .
Wheelds if you look back through RNS's you will not it's standard practice to issue these updates after new shares are issued and PXS have done so on many occasions. I was just winding you all up on the sending messages bit...sorry...just my wicked sense of humour.
Oh! and before the last placing on 11 Dec 19 DSM had the same number of shares 143,769,230 and the shares in issue = 1,983,988,174 = 7.24%. The placing added some 75,333,333 shares so their holding took them down to 6.94% which PXS noted...but I don't believe there was a TR1 issued yet a threshold was clearly crossed.
So can we actually trust who is holding what if they are not reporting...
This is just PXS covering their but because they've not heard from either party...
Alfista. In the Major Shareholders section, PXS have updated their total shares in issue to 2,070,821,507 from 2,059,321,507 which covers the new 11,500,000 shares. But they are still showing Lucas a holding 185,819,678 shares = 9.02% which is incorrect. It should read 8.973% (rounded up to 3 decimal places). If Lucas has purchased more shares to stay above 9% then I assume PXS are assuming this is the case as they have not received a notification and this not to inform the markets that they are being as transparent as they can be with the information they have to hand because anyone looking at the number would see they don't add up.
So why have they not dropped the DSM % down to 6.94%. I know they haven't fallen below a threshold due to the new share issue but their holding % has reduced and should be changed if they haven't been notified otherwise...
Puzzling. Gixer pointed out that it's a legal responsibility to notify. The company is sending a message to everyone, there is no coded secret squirrel messaging.
New issue was granted to Invent2, there were no others on offer.
Sometimes thinking becomes a modern art form rather than a practical matter IMHO
Agree.. Why bother unless he's trying to send a message to someone... Suggesting they report... Or its a message to shareholders on basis of no further reporting the company and major shareholders are being totally transparent and as there has not been any reporting they must have increased their holding thereby keeping their percentage holding above disclosure threshold.
Would Lucas be buying at these levels? Or has he just picked up shares from new issue to keep himself above 9% so it does not look like a sell off taking advantage of the higher SP.
"Why bother after all this time"
"Under DTR 5.6.1 of the Disclosure Rules and Transparency Rules, companies with shares listed on a regulated market (for example the LSE's main market and PLUS-listed) or a prescribed market (such as AIM) must make an announcement of their total voting rights if there has been a change during a calendar month. This requirement is intended to assist shareholders (and others) to establish whether they have a notification obligation under DTR 5."
https://uk.practicallaw.thomsonreuters.com/6-375-9190?transitionType=Default&contextData=(sc.Default)&firstPage=true
example. As BB pointed out earlier, With the extra shares issued for Inven2, Stuart Lucas could have fallen under 9% and should notify the market unless he has increased his holding enough since his last TR-1
Why bother after all this time with no update news and then this RNS?
Looks like to me that under the under the
"FCA's Disclosure Guidance and Transparency Rules." Provexis has to declare their "total number of ordinary shares and voting rights in the Company is 2,070,821,507." because some one is showing an interest in buying the Provexis out. IMHO
RNS;- "The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company is 2,070,821,507."
"The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company "
"under the FCA's Disclosure Guidance and Transparency Rules."
IF, a man completely in the wrong place at the wrong time. Should have been chucked out years ago IMO.
Starting to think the trading update will be included in the results.
With only 22 more trading days maximum it all a bit tight to get a trading update in and results a few days later , seems to me they must be waiting for news ! as it was last year ,hopefully good news and not refinancing .
BB...I did not say they should have put out and RNS...but yet again IF has missed a big trick marketing wise...the FF+ Facebook page hasn't even been updated with the new product and no mention of it either, even though customers are now receiving it.
FF+ is actually quite a big % of PXS's income stream right now and has meant they can keep their fundraising down but it could have contributed much, much more.
Where's the FF+ NO....???
What happened to the other Sales Outlets.
Please don't give me Covid as an excuse because FF and FF+ are perfect online sales products.
Now that Stuart Lucas is the largest Major Shareholder and I hope he continues to grow his share holding, perhaps he might start to be a little proactive within the company and give them a good rattle. If China falls flat...then what?
For the sake of all those shareholders who are still holding at a substantial loss, I really do hope China comes good.
Are you still invested BB?
Fruitflow + omega 3
Made in USA
https://i.postimg.cc/rw0yMjKT/screenshot-397.png
Re "If there was a cost saving then he should be mentioning it."
What a load of testicles. Any cost saving on packaging would be minor and make next to no difference to our cashflow, so I'd file that sort of info under "Excuse me if I don't give a damn" !
Admittedly, it's vaguely interesting to discuss the minor points of running a retail business, especially to those of us where it's not the day job, but FF+ is pretty much immaterial to Provexis as a whole, and packaging costs within FF+ are a small part of immaterial, so expecting Ford to discuss it, especially via a specific RNS or even a press release is nuts.
It might get a mention in a para in an Annual Report, but I sincerely hope it doesn't, because it'd just be filler.
BB
Number of Ordinary Shares held
ordinary Shares as % of issued share capital
Stuart Lucas and family 185,819,678 9.02%