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Started: TITM, 18 Oct 2021 08:12
Last post: Swify, 22 Oct 2021 17:30
No Probs, any way seems everyone has now continued on FME instead of here. Price drop today which was to be expected given the amount of peo9ple that were "trapped" for so long. Me included. But I've been averaging down over 6 years and have accumulated a respectable qty even after consolidation. C U on FME nomdoubt
regards
Ok, I'll with you now.
I was in old RMP mode after reading the OfficerFigby post.
16.22
"it will take few weeks for some of the providers to sort the holdings on the existing holders"
mine is showing now both in ISA and SIPP
I wouldn't bother with this site anymore people- RMP is dead and reincarnated on FME :
Thu, 21st Oct 2021 07:00- opens at 11 -12p
RNS Number : 6681P
Future Metals NL
21 October 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM, THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Future Metals NL
Admission and First Day of Dealings on AIM
Wed 16:22
TITM
no not a typo. The current price is 21 cents. I think officerfigby has calculated what the price would be had the SPAC & consolidation on ASX not happened. But as it stands, the high in august was 13.59 pence based on an X change rate .56
so .25 cents (not 0.025 cents) x .56 = 13.59 p thereabouts.
So did I email them at the end of September about relisting but got the same response only yesterday. Better late than never.
Had emailed them the day before I saw this post, to my surprise actually heard back! Got the below response…
We are in the hands of the London exchange at the moment, we anticipate it will be in the next week or two.
We will make the appropriate announcements once more information is available.
Good find Figby, had doubts that Bandy could get this back, may just maybe, we may see a return to decent levels again
Capt'n I spy a good ship loaded with rare metals coming to land on our shores.. I do so.
https://www.londonstockexchange.com/live-markets/new-issues
Annual Report out today, says AIM listing should be re-instated early October.
Last post: cwebb07, 6 Sep 2021 11:44
I note Bandy is being kept well away from any public relations at the moment, he's a bit toxic.
However as Swift said potentially 5 or 6 times undervalued compared to peers.
Hopefully resist soon and further investigations could see a good profit here.
Yeah I know, but this seems to be a turn around now, so we should look forwards GL
As you can see, I'm very sceptical about it all, nothing has gone right since I first invested in the Puntland days, except Bandy has kept his job after continuously failing, and then raising more capital.
Maybe not a fool, but a con man?
https://hotcopper.com.au/threads/ann-proposed-acquisition-of-panton-pgm-project.5976826/#post-55791302
nothing new here , but a good vid for refocussing. I like the mention of other mines - with 1/2 the quality of Panton), being worth 5 or 6 times Future Metals capitalization- I think a re- rate after drilling will come fast if the results are good.
Started: numpty5, 17 Aug 2021 20:16
Last post: GPRD, 19 Aug 2021 10:00
To be fair, you're probably right, unless he lucks out and stumbles on something decent.
So we have a new name and a project and website that gives figures for a resource without saying what the actual metal is as far as I can see.
The impression is platinum but there are 6 metals under the PGM banner.
Nobody has drilled there for 20 years. I wonder why.
Having wrung investors dry in RMP and proving he is rubbish at oil he now has a new name and project.
As soon as this is listed on AIM I expect a major fundraising/share dilution to ensure the continued renumeration of Bandy and a failed project like all the rest.
Thanks
July is nearly over are we being sold down the river here
we hope! come on!. In Bandy we trust!? :P).
relisting on AIM this month
Started: GPRD, 7 Jul 2021 11:59
Last post: randomfella1, 10 Jul 2021 14:41
There should be...probably by FME
When this gets re-listed under FME, will there be an RNS on here stating that, or is RMP no longer issuing anything like that?
cheers
yep, sorry i stand corrected ....ISAs also . it seems inter active were a bit slower than everyone else to convert - it is now though showing ASD... AIM should be the next RNS ref relisting
Hi TITM
appreciate your concern here. Just looked and my ISA held RMP are now converted TO FME and consolidated to new values in both ISA and SD accounts.
Fingers crossed.
@northman1 are your shares in a SIPP, ISA or dealing? If they are in an ISA, you may want call to understand what is their plan.
I believe that if a share is delisted you lose the ISA-ability after 30 days, so they would most likely move I to your dealing account.
I believe that quite a few holders will have bad surprises with regards to the tax treatments of their SIPP or ISA if their broker did not concert them.
TITM
@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
My shares have been converted too, I'm at a 27.5p average, which is around .51AUD, so I've a bit of a way to go!!
Started: buttimd, 21 Jun 2021 11:08
Last post: Swify, 22 Jun 2021 22:25
1 whole month of trading / exposure on ASX before relisting on AIM in July...this should climb IMHO.
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
Started: Cred2, 22 Jun 2021 21:06
Last post: Cred2, 22 Jun 2021 21:06
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/
Started: buttimd, 18 Jun 2021 10:03
Last post: Swify, 18 Jun 2021 10:27
new website up and running
https://future-metals.com.au/
Lots of ASX announcements today:
https://hotcopper.com.au/asx/fme/?keywords=FME
Started: Candid, 16 Jun 2021 22:50
Last post: TheBigEazy, 17 Jun 2021 14:32
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.
Started: buttimd, 28 May 2021 10:58
Last post: DetiMr, 28 May 2021 14:47
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.
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 !!
Started: paulw1028, 24 May 2021 17:50
Last post: paulw1028, 24 May 2021 17:50
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
Started: GPRD, 20 May 2021 18:31
Last post: Swify, 21 May 2021 18:19
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.
Last post: paulw1028, 20 May 2021 13:01
Started: randomfella1, 19 May 2021 08:44
Last post: randomfella1, 19 May 2021 08:44
When this come back trading on AIM?
Started: TITM, 10 May 2021 16:24
Last post: Swify, 14 May 2021 22:47
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
I believe these stocks only qualify for SIPP status if the company itself is dual listed. On delisting, you still own the shares, and you can request a transfer back to AIM once they re-list in June- but it is not a given that they will. Therfore, my question/concern is whether the ISA I have (with interactive Investor) also automatically converts the shares to the ASX once the suspension is lifted? Does any one know, or have the same worry ?
Not mentioned in the communique draft I was sent. I guess they might, but more likely you would have to request the shares to be converted - but honestly don't know. I suppose my main concern was that my share ownership was preserved, and accessible.
TBE
And if the new 'renamed' company is listed again on AIM in June/July, will AJ Bell migrate your shares back?
Started: mauler, 12 May 2021 20:47
Last post: TITM, 13 May 2021 10:54
I am sorry but I am unable to comment on how IG would handle this.
TITM
TITM I hold an account with LSE who told me about the share certificate and also with IG and IG do trade Australian stocks so could I swap them to IG ???
Started: mauler, 11 May 2021 17:52
Last post: Swify, 11 May 2021 21:50
Hi - 50% in a SIPP (AJ Bell) 50 % in an ISA interactive Inv.
Hi,
out of curiosity who is your broker?
If they send you a share certificate, it becomes the same as any other investment in a non-listed company. Unlisted shares are usually illiquid and it may prove difficult to trade them.
If they were in a SIPP, there will be further issues as unlisted shares are not SIPP eligible so you want to speak with your broker.
If they were in an ISA, I believe they will lose their tax-free status but don't quote me on this.
TITM
Hi my broker said they are sending out a share certificate so any advice on what I can or should do with that ?? thanks in advance
Started: tringo, 7 May 2021 11:37
Last post: Swify, 9 May 2021 12:16
Once the suspension is lifted, will we have the opportunity to transfer the AIM shares to the ASX exchange if we don't want to sell ?
Sale Opportunity
You’ll be able to sell the shares once the Australian suspension is lifted and the transfer to HSBC is complete, which is likely to take a number of weeks, although we’ll work to ensure it is concluded as quickly as possible.
We recognise the charges detailed above are considerably higher than those for selling the existing shares. We’ll therefore offer you a chance to take part in a bulk sale facility, in which we’ll waive the three charges detailed above. We’ll write to you shortly after the transfer to HSBC has been completed, outlining full details of this sale option.
Nothing here is a recommendation. If you have any questions please contact us here.
Yours sincerely
Charlie Balmer
Corporate Actions
Started: tringo, 7 May 2021 11:32
Last post: tringo, 7 May 2021 11:32
Red Emperor Resources NL- Consolidation and Delisting
Your holding of****** Shares held within your Stocks & Shares ISA
Red Emperor Resources NL shares are currently listed on both the Alternative Investment Market (‘AIM’) in the UK and the Australian Stock Exchange. At present the shares are suspended from trading on both exchanges so they can’t be traded. The company has announced it is going to cancel the AIM listing on 19 May 2021 and just retain its Australian one.
Conversion to Australian shares
We’ll automatically convert your current holding into the Australian shares so you can sell them when the Australian suspension is lifted.
To do this we’ll need to transfer the shares to our global custodian (HSBC) – we’ll do this from 14 May. The shares will continue to show in your Hargreaves Lansdown portfolio, but as the underlying custodian will be HSBC, or a sub-custodian of HSBC, there are certain implications you should be aware of:
We’ll only allow sale instructions and you’ll be unable to buy more of these shares.
You’ll only be able to sell your shares over the phone by calling our Dealers on 0117 980 9800. We’ll convert the proceeds from Australian Dollars into Sterling, subject to the prevailing exchange rate at that time and our standard currency conversion fees.
The following three charges will be applied to a sale:
Our telephone commission of 1% of the proceeds, subject to a minimum of £20 and a maximum of £50.
Our Australian Broker (DBS Vickers) will charge you 0.35% of the proceeds subject to a minimum of AUD200 (approximately £112 at present)
HSBC will charge you a transaction fee of £15.
The shares will be held with our third party custodian, HSBC, who may in turn hold the shares through a sub-custodian in the home country of the investment. The settlement, legal or regulatory requirements that apply to the shares may differ from those applicable in the UK. Your investment may not benefit from the same protections in the event of the insolvency of the third party that may apply under UK law. A more detailed explanation of these additional risks is provided in section A25 of our terms & conditions, which are available at hl.co.uk/terms-and-conditions
The company has proposed a 14 for 100 consolidation, effective around 8 June 2021. Any shares you own at this time will therefore be replaced on a 14 for 100 basis. The company will also be changing name to Future Metals NL.
Sale Opportunity
You’ll be able to sell the shares once the Australian suspension is lifted and the transfer to HSBC is complete, which is likely to take a number of weeks, although we’ll work to ensure it is concluded as quickly as possible.
We recognise the charges detailed above are considerably higher than those for selling the existing shares. We’ll therefore offer you a chance to take part in a bulk sale facility, in which we’ll waive the three charges detailed abov
Started: ROSSY090779, 3 May 2021 15:33
Last post: cwebb07, 4 May 2021 22:52
Candid that is my understanding also.
But why is this not in black and white as I can see Bandy pulling a fast one
I’ve not been contacted by my broker, my understanding is that in order to facilitate the reverse takeover the shares need to be delisted on AIM while they conclude the deal on ASX.
So following the consolidation, name change, capital raising and deal closing they will trade on ASX and then the company will seek re-admission for trading on AIM (Likely in July). Rules allow shares to be held in an ISA if they are ASX listed and also if they are dual-listed so I don’t see any issue with that, unless there is something different here?
My nominee broker wrote to me advising that my shares would be re-registered to me as they could not hold them in the account.
Hi all I hold these shares in a nominee account, do I need to sell prior to the deadline, or can I just leave them in situ at moment and hope they re list and they will still be in my account? New to all this so just trying to find out what to do! Thanks
Started: Mulberry, 23 Apr 2021 16:04
Last post: TITM, 24 Apr 2021 08:11
If they can't be converted and held as Oz in ISA, then they would not be ISA eligible and would need to be transfered to a dealing account within 30 days.
If they relist at a later date, they could be ISA eligible again but it would require to use a new ISA allowance (current tax year), they would not be part of the previous years' allowance.
I hold quite a few unlisted shares and I have no issue with them as they are part of my overall strategy. The reason I derisked my RMP was to protect my ISA allowance built over the years...
TITM
Ok, ITIM, thnx for that. But then if they relist on AIM end of July, and become Dual Listed again, then they (the shares) can be transferred back into the ISA/SIPP (I have 1/2 in each). ?
Presumably, there won't be any tax liable unless sold ( whilst in a dealing accout during the interim that is.)
What is the process for transferring? and I see that AJ Bell only deal Australian on the phone and min 10K- do you see that as an issue ?
So if the Oz shares can't be kept in ISA, whatever ISA tax free value would be lost as the shares would have to be transfered to your standard dealing account.
My understanding is that you can convert them;however, it is unclear whether the Oz shares can be kept into your SIPP or ISA.
So you are saying if they dont allow conversion to Aussie shares- we simply lose the lot ? Just like that ?