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Hi Woody, As per scheme timetable RNS 26th April was the "last day of dealings in, and for registrations of transfers and disablement in CREST of, Stellar Shares" Did you ask for the share transfer before this date? If not then unfortunately you might be stuck as the STEL shares are never going to relist. Not sure if X-O could still issue you with a share certificate and whether you could do anything with the certificate then. I'd contact X-O again and just ask for complete clarification on your options.
I would appreciate any advice regarding current situation. I have an X-O account with 85K shares and at present stella is delisted due to takeover, I created a IG account to transfer the stock based upon previous discussions on the BB, IG cannot accept the stock Line as delisted (notification this morning having contacted IG and X-O - until then transfer was going to plan). At present X-O cannot do anything with stock, X-O have given two options wait to see if relisted or Relinquish holdings ???
Just spoken to someone at IG and their response was: Usually this processes reflects in a few weeks but it's variable. So we may all be waiting a little bit longer for our NWF shares. However, given this, I think it's unlikely we'll see the big sell off some were expecting on opening of trading tonight which will probably help the share price hold by the time we do get the shares.
Not got mine yet either
Ok, thanks Shaggy. Very interested to see what level they open at tomorrow.
As yet Jim, no shares shown in my account with youinvest, but dont expect anything to be sorted for a few days
I'm guessing nobody has seen any activity yet in terms of being issued their NWF shares?
Nice!
New investors in NWF: https://hotcopper.com.au/asx/nwf/
It’s in the RNS - new shares get issued on the 3rd and then trading resumes on the 4th.
I believe it's tomorrow night which would be the 3rd May trading. Could be wrong though.
But, don�t the6 come out of suspension tonight, ASX opening ???
Been suspended since about the 6th April on the ASX.
Where does it mention that NWF shares have been suspended?
Yes, I suspect the likes of HL, etc might take a few days to process the shares down to their holders - that certainly was the case when I participated in the JOG open offer.
to issue your NWF stock - due to be issued 3 May 2018
Cool cheers!
Yup, trading resumes on the 4th...
Think shares are issued on 3rd May, which is Thursday and then admitted to trading on the Friday 4th May. So not sure if that means that NWF is out of suspension on the 3rd or the 4th?
So it's the 3rd of May that trading opens again on nwf, so I take it that is OZ time and we can get first sight of the share price on Wednesday evening?
Has made me feel a lot more confident here not that wasn't already. Looking good all, I am very tempted to hold these long term I must admit now the Newfield Placing has happened.
Yeah but IG previously had 11p to sell and 25p to buy. Probably insignificant, just noticed, that's all.
Geordie - it’s been at that price since it was suspended early April
I see NWF are sitting around 0.24 AUD on IG currently. The previous massive spread has disappeared.
Hey comeonvog, AVGs acquisition was unfortunately under bad circumstances with HAYT heading towards insolvency (if they had not been able to raise new funds). The balance sheet is now much healthier under AVG thankfully although nothing too exciting in the Interims but we are expecting the shares to go ex-dividend 25 May. Personally feel STEL are in a much better position which should reward those of us who can hold. There's undoubtedly going to be a squeeze when NWF comes out of suspension just reading some of the messages here and the company correspondence but they have taken STEL's highly lucrative assets and raised a substantial amount of cash. Volatile times ahead but ultimately a lot of money and support behind this move. If you have spare coin check out KRS which holds a substantial holding in Calidus, an aussie gold explorer with strong institutional backing and a growing list of significant drilling intercepts. Think it's going to creep higher this summer, huge drilling campaign underway.