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@swiftly with Ajbell, RMPs which were in ISA got converted too, so did the ones in dealing accounts.
TITM
OK thanks will check back in a month or 2
if they are in a SIPP they will convert (mine have in AJ BELL) now showing 25 Cents ASD. If in an ISA, you'll have to wait until they relist on AIM in about a month. They did this as it was the fastest way to facilitate the deal. I wouldn't worry, just take another look in a month or so. I got some in an ii Isa, and its the same. They are not showing at all until re-listed
whats going on with this? if I have AIM listed RMP shares are these going to be converted at some point or are they effectively gone now? I have HL account with them in that not really telling me anything?
1 whole month of trading / exposure on ASX before relisting on AIM in July...this should climb IMHO.
FUTURE METALS (ASX:FME) Indicated Mkt Price $0.23
This small cap has been involved in various gold, copper, and oil and gas projects since listing as Red Emperor Resources back in 2007. Now the focus is on the red hot platinum group metals (PGM) sector.
The stock relisted on the ASX after purchasing the 23sqkm ‘Panton’ PGM project in the Kimberly region of WA — which has a pre-existing 2.06Moz palladium-platinum resource – for $17.5m in shares.
This resource outcrops at surface and remains open in multiple directions, the company says.
“[The resource] covers approximately 3.5 kilometres of the circa 12 kilometres of mapped outcropping PGM-bearing chromite reefs (remaining 8.5km relatively untested),” Future says.
“No significant exploration [has been] performed for almost 20 years.”
The project also benefits from having a higher palladium grade relative to platinum grade at a time of record palladium prices.
Step-out drilling to build the resource will kick off upon completion of the acquisition, along with metallurgical and mining studies. https://stockhead.com.au/resources/resources-top-5-its-back-to-the-future-for-this-electrifying-palladium-explorer/
1st day of trading was today on ASX.
23c ASD.
Which converts to old (RMP) money as 1.743p.
Thought I was agreeing with Candid who go t same valuation. But seems like post dissappeared.
Someone (i.e. someone HNW) should hassle Bandy that we might be offered a contribution option with a RI at 10c equivalent just before UK relist. FREE MONEY.
That’s a good start, at 23c that’s equivalent to approx 12.5p and when you factor in the 7-1 consolidation it comes to around 1.75p. (It was suspended on AIM at just below 0.8p if I’m correct)
new Company ASX.FME traded at $0.23 yesterday
:
https://www.google.com/finance/quote/FME:ASX
https://hotcopper.com.au/threads/ann-reinstatement-to-official-quotation.6120068/?source=email
new website up and running
https://future-metals.com.au/
Lots of ASX announcements today:
https://hotcopper.com.au/asx/fme/?keywords=FME
D'you think there will be a new FME chat thingy on LSE?
There doesn't seem to be so far ....... though not sure how much interest there will be, for a while yet anyway.
TBE
A new dawn for this company, PGM deal, fundraise, consolidation. About to start trading on ASX in the days ahead. My estimates it will be valued around $35m AUD. Lets see how it plays out.
Due to relist on AIM some time in July.
Perhaps this is, what you all want to know:
The Company considers that the cancellation of the admission to trading of the Company’s ordinary shares on AIM and then seeking readmission to trading on AIM for the enlarged entity following completion of the Acquisition, Public Offer and reinstatement to official quotation on ASX is in the best interests of the Company as delisting from AIM gives the Company the best opportunity to complete its reinstatement to official quotation on ASX by the target of
mid June. This timeframe would not have been possible if running the ASX and AIM processes concurrently due to differences between the requirements of the ASX Listing Rules and the AIM Rules for Companies and the general chronology, processes and requirements of the two stock exchanges.
The Company notes that the costs of a readmission or a new listing on AIM are materially the same.
The Board considers a dual listing on AIM is beneficial as the Company has built a very strong profile in the UK evidenced by stronger trading volume from the UK market and there is also a lack of PGM focused companies listed on AIM so the Board considers an AIM listing as beneficial in continuing to promote the Company and in particular the Panton PGM Project.
https://hotcopper.com.au/threads/ann-supplementary-prospectus.6084221/?source=email
But the shareprice will be 10P ???
Had a letter today from my broker saying they are going to consolidate shares when relisting takes place in July and give just 14 new shares for every 100 .. looks like ill be owing them !!
Response i got from II trade desk.
"I have spoke to our global trade management
team and they have mentioned that as it stands following the delisting which
was effective on 19th May 2021, they will be unable to transfer stock to ASX
exchange. This is because the following the delisting, the company intends to
apply for re-admission to trading on AIM, subject to the completion of their
proposed acquisition of Great Northern Palladium Pty Ltd. "
Paul
I am so pleased to see AJ Bell have converted my GP holdings to AUD, just waiting for the same to happen at ii .
Looking forwards now to suspension being lifted and AIM relist around mid end July.
I've had an email from them informing me about the 14 - 100 carry on and other stuff, the key bit for me was "Should you retain your holding, your account will be updated when the Consolidation and Name Change becomes effective. Please note we will only communicate to you again if the terms of the event change."
So I'm taking that as I don't need to do anything if I want to go along with things.
When this come back trading on AIM?
HI the Big Easy. thanks for the clarification. Yes I will call II, I see no reason why they can't transfer to ASX on lifting of the suspension- they offer trading on that exchange, but i reckon it will need to be requested- ill share what they say next week regards
Hi Swify
As far as I know, you can hold any shares that are listed on an (HMRC) Recognised exchange, UK or foreign, (ASX and AIM are both recognised exchanges) in both an ISA and SIPP. I think before the AIM became a recognised exchange in 2013, you could maybe only hold AIM shares which had a second, dual listing on a recognised exchange, but that hasn't been the case since 2013.
As far as what II will do with your holding, I can only suggest you do what TITM and I have with AJ Bell - ask them.
Hope it works out OK for you.
ATB
TBE