The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
So delisted and loads of fees to sell.But if I keep Will the price go up.Then how do I sell.Going to cut my losses-something I should have done ages ago .Good luck those who stay you never know you may be millionaires this time next year .
Who knows the outcome of this deal but I think unlikely as dual listing will be cancelled in favour of ASX only as we should have some say in that - but the bigger question is why is Bandy still running this company because to be honest he hasn't done anything for shareholders as he has systemically failed and I for one want an EGM to vote of no confidence and get him removed -he has had his day and more scrounging off this company - but like everything else it takes a conserted effort in doing so
There is hope but the RNS says there is also no guarantee the shares will be readmitted to AIM in the event the acquisition is not completed.
Bandy could still do us over
So there is some hope ???
Gap up in July once Acquisition finalised and they tell everyone how much additional PGMs they reckon they can find.
Bandy might show us at last he's not a complete tool after all
It is currently intended that re-admission to trading on AIM for the enlarged entity will then be sought as soon as practicable (targeting July 2021) following successful completion of the Proposed Acquisition and capital raising on the ASX in order to restore the enlarged entity's dual listing at the earliest opportunity.
Look like cancelled on Aim until new acquisition has all been finalised and the readmitted on to Aim once completed
Could anyone say what this bit of the RNS means "It is currently intended that re-admission to trading on AIM for the enlarged entity will then be sought as soon as practicable (targeting July 2021)......"
A possible Lazarus for AIM holders - I ain't got a clue.
Well, that's that then, AIM shareholders lose everything whilst ASX holders are OK.
Keep up pal
Was amazed to check the SP for this and see it's zero. What the ???!!! Has this share been suspended or de-listed?
Spot on Anne.
Do we think
"the Company is currently evaluating structuring
options with its Nominated Adviser with respect to the enlarged group’s dual listing on AIM."
means they are considering not continuing with the dual listing, ASX only?
TBE
Rumour that RMP will buy into Panton Sill project, ... ?
"hxxps://www.mriwa.wa.gov.au/research-projects/project-portfolio/a-novel-direct-leach-approach-to-extract-platinum-group-metals-pgm-from-the-panton-sill-pgm-deposit-in-the-kimberley-region-of-wa/"
and
"hxxps://mriwa.sharepoint.com/:b:/s/FinalReports/EbZJrbryblBEhTIWOq3ntnkBUr67eH7srY9aZX8gkGeWXw?e=0cLsA4"
(Where hxxps is https)
The Company has recently made an application to ASX in respect of a proposed transaction under ASX Listing Rule 11.1, which is under consideration, and the Company's ordinary shares remain suspended from trading on both ASX and AIM.
Oh well we live in hope
aaargh! Then it suddenly reappears.
I posted earlier, but seems to have disappeared. Perhaps not allowed to criticise the BOD!
No idea really. Company not great at comms, unless it suits them. There has to be something happen, or the company is forced to delist. Hopefully there is a strategy in place to avoid this. Given their track record, I'm not overly confident
No idea really - company not known for good comms (except when it suits them). Something has to happen or we're doomed, but been here for many years and not filled with confidence.
How do you think it will plan out notrader any ideas??
They're currently listed as an O&G explorer. Because they've disposed of their main O&G assets, they are classified as a "cash shell" under AIM rules. They are obliged, within 6 months (of 21 July 2020), to make an acquisition amounting to a reverse takeover. On 20 Jan they requested a suspension from AIM pending announcement of such an acquisition. If the deal falls through, the suspension remains for 6 months until a re-admission Transaction is completed or shares are then delisted.
They're currently listed as an O&G explorer. Because they've disposed of their main O&G assets, they are classified as a "cash shell" under AIM rules. They are obliged, within 6 months (of 21 July 2020), to make an acquisition amounting to a reverse takeover. On 20 Jan they requested a suspension from AIM pending announcement of such an acquisition. If the deal falls through, the suspension remains for 6 months until a re-admission Transaction is completed or shares are then delisted.
11.1 If an entity proposes to make a significant change, either directly or indirectly, to the nature or scale of its activities, it must provide full details to ASX as soon as practicable. It must do so in any event before making the change
Could we end up trading on ASX but still suspended on AIM? Wouldn't like the possible implications of that.
Announcement due in respect of ASX Listing Rule 11.1.
Assume its something to do with suspension
Where has original RMP board gone?