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yep me to , Uncertified Holding Statement . What to do next with this . ???
Hi there everyone, my update too has come in a form of a document sent via post from Advanced Share Registry Limited based in Aussie...
Mine is also an ‘Uncertified Holding Statement’ that also has a security holder unique ref number... I will have to check what to do here as I would like these to show electronically with IG if this is at all possible.....
Anyone else got anything to add here I for one would greatly appreciate feedback and options of what we can do....?
Stu
I have not time to read previous mssgs. So I apologise if this is old news. Today I received an uncertified holding statement. The ref number provide allows to buy and sell..... I will come back to board later. If this is old news just put cheers peaky catch up.... We have this etc...
Hi guys, how we all doing on this stock transfer business ?
I called barcs, (again) telling them this outta hand now and they said I will receive documentation in due course stating the bleedin obvious, that I don't own any stellar shares, they are now NWF and offering me physical certificates or an electronic certificate that will be handled by a company called, "computer share" who will await my instructions ??
I transferred my isa to IG cos they said they could handle the new shares, now I'm told they can't be kept in an isa so that was a waste of time cos they have to come out.
On top of that, barcs say it could take another 8 to 10 weeks !
What a fiasco ! What's the story here ? We can put a man on the moon quicker for fk sake !
It better be worth it in the end !
I was told two weeks ago that the process would take 2-3 weeks...
In the meantime, there was a decent update from NWF last Wednesday about the drill programme
looks like IG started the transfer again once they were sent to Ireland in error - no time limit given
It looks like the rough diamond market is in an upswing, we will be nicely positioned in early 2019 to take advantage of the fall in global diamond production.
http://www.mining.com/web/rough-diamond-prices-52-week-high/
I sent an e-mail a while back to HL and still nothing back but I am prepared to wait as the FEED and additional drilling is been done which will improve the resource scale and definition, see RNS. I have spoken to one of the Directors recently and everyone is busy on site so it look like late in the year things will get a big move on. My feeling there is a lot more resources to come.
"Some 95 drill holes have been completed to date for 8,206 metres. Kimberlite has been intersected in 87 holes. Drill spacing is predominantly at 50m strike intervals and to a vertical depth of approximately 80m below surface, being the depth of the envisaged first two mining levels at the Tongo Project. The campaign is expected to be completed in July 2018."
http://stellar-diamonds.com/
GLA
Paramedic - Was this a written message or a phone call? I wrote a message to HL before the deal went through and the reply I got regarding A$200 was that this is the minimum transaction value - not a fee:
"DBS Vickers will charge a commission of 0.35% with a minimum trade value of $200 AUD"
So if when I sell my shares they take that fee then I will be raising a massive complaint and ensure I get reimbursed.
HL are a bit rubbish. They don't allow you to trade so many shares/indexes. Probably half of the stuff I own is not tradable on HL. They are very UK centric...
gee - not good
Just had a chat with HL about clarity to sell my shares - held over 3 accounts, SIPP, ISA and a Fund and Share account, the charges will be 1% of the consideration for HL (Min £20, Max £50), £15 to HSBC, and A$200/£120!!! for EACHtransaction so just short of £500 for all 3 sales... I think i'll keep them for now and forget about them... I only have £300 in my Fund and Share Account, so would lose £155 to sell these!
Don’t get me wrong, I have over £7k locked in this at the minute and frustrating though it is, stressing out about it will only be detrimental to my own wellbeing. The timescale provided was 2-3 weeks, so if it isn’t resolved by w/b 9th July, that’s when I start banging on IG’s door again!
I always prefer to be in control of my own stocks. It would take longer to resolve if investors/traders did nothing and showed no concern to their broker.
Knicol - it’s abundantly clear that there’s nothing we can do about it, so unless you’re desperate to get your money out, you might as well try and not let it bother you. SP seems to be holding out ok at the minute, so even if you want out straight away, you’ll still be returning a profit on your STEL holding..,
response form IG: “(3) We shall not be liable for any default, omissions, errors or mistakes by any third party or Associated Company other than as a result of our own negligence, fraud or wilful default in relation to the appointment of that third party.” Translation Service: nothing to do with us. This will be well into July.
That's more reassuring Hardy as that very much aligns with the update I had which is hopefully the real situation. Hopefully the person that Knicol has managed to speak to just doesn't know what they're talking about.
We’re due a quarterly update soon, so I don’t intend to sell until I’ve seen sight of that at the very least. 22cents will be my first slice point.GLA
Just to say that my holdings came through over a weel ago. I have not tried to trade and so i do not know the impact of exchange rates etc. Trading is live between 2200 and 0700 and so it would be nice to live trade then. I cannot see the point in giving shares away at say 15/16 cents, which seems the current likely outcome. All depends how quickly and and what price the underwriters wish to offload. Need some good drilling news and a new investor to buy a block. Still even at 15c we should see a better deal than earlier STEL trades. Heres good luck to all here! OIMHO SB
And another update: “The DRF team( Demat request form) takes approximately 2-3 weeks to convert the share certificates into the electronic form.” So, don’t hold your breath until w/b 9th July and be pleasantly surprised if it’s completed sooner basically!
Here’s the response I’ve just received; “We have already sent the certificates to Australia office and we are waiting for the registrar to dematerialize those physical certificates. Once, it has been done, we will be able to allot the shares to your account.”
Seems like no one really knows what is going on as that is at odds with my update from yesterday that they had started the dematerialisation process last week. Very frustrating!
Newfield Resources limited advanced share registry - Suite 8H, 325 Pitt Street, Sydney, NSW 2000 Citi Bank (IG Custodian) - Ground floor, 2 Park Street, Sydney, NSW 2000 Distance: less than 5 minutes walk lol
todays update from IG.. The document required is still sitting with their custodian in Ireland, no one knows how to proceed with it. I asked why not request a copy from the share registrars in Sydney Australia and send it to their custodian in Sydney Australia. They cannot do that as they are awaiting the Ireland custodian to make the next move first. No-one is eager to assist.
Further update from IG today suggesting that we're hopefully not too far away: "The registrars of Newfield (based in Aus) sent physical certificate of the shares (Rematerialize) to IG's custodian's office in Ireland rather than Australia. IG's custodian got them but need to send them back to Australia office to have certificates dematerialized (DEMAT). Currently, we are waiting for it to be dematerialized and then we will allocate the shares onto eligible clients' accounts." When I asked how long the demat process usually takes and when it had started I was told that the process began last week and generally takes a few weeks. I then said "So, I can reasonably expect my shares to be allocated by the end of June?" and got the reply "Yes, hopefully".