Firering Strategic Minerals: From explorer to producer. Watch the video here.
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https://www.assetmatch.com/app/OurCompanies/CompanyProfile?companyId=1531
Detailed email response from Assetmatch..
Thank you for your email.
Asset Match is due to operate the marketplace to buy and sell shares in Tri-Star Resources. We expect to run a quarterly auction calendar in the shares with the first auction commencing today. Closing date TBC.
Please find below the link to the dedicated Tri-Star auction page:
Tri-Star Resources plc
All buy and sell orders have to be submitted through a UK stockbroker that is setup to deal on our platform.
Please note that successful transactions are charged a minimum commission of £20 per trade or 3% of the total consideration (whatever the greater).
I would first suggest registering on our platform and having a look at some of the other companies we run auctions for, so you can get an idea of how they operate.
Hargreaves Lansdown is setup on our platform, but they have restricted instructions to sell only. So if you just want to do that, then you just need to contact their dealing team. Your sell order will need to have the number of shares and the minimum price per share you are willing to accept for the shares.
If you are looking to buy and sell shares in any of the companies on our platform, it would be suggested that you setup an account with shareDeal Active (Jarvis Investment Management). You can do this online or you can call 01892 700800.
We are setting up a distribution list for Tri-Star auctions and company updates, which is the easiest way to keep up-to-date with what is happening. Would you like to be added to that?
If you have any other questions, let me know.
Thanks for the update, much appreciated ..
Thx for this Trade Hobbs.
It will be interesting to see what Odey’s opening bid will be.
Have you joined the Twitter group set up by Faz@hacksupreme ?
I haven’t joined yet, will have request to join.
What ever the bids are within the next 3 months I’m sure I will be declining, unless we have the take over big I am obliged to accept.
The way I understand, I can tell H&L to sell my shares at x amount that I decide, if they find a buyer at my x amount through Assetmatch it will be accepted and the trade is completed.
If the buyer for x amount is not found I will retain my shares and continue to wait/receive dividends/take over bid.
Assetmatch will also keep us updated of the offers/bids received to give us an indication of what our shares are currently worth.
All seems perfectly fine to me, Asset match seem brilliant also at replying to emails/answering phone.
Thank you for the information. I have been with TSTR since Canisp, the very beginning of the company, but I hardly ever post anything.
I also have shares with two other delisted companies so that information is greatly received.
Odey will only buy our shares straight away if he is looking to sell his holding to a buyer at a sizeable profit. (We win straight away.)
If Odey is looking to maintain the SPMP plant as a profitable asset, which he owns 56.99% of TSTR and has full control there is no rush for him to own the remaining shares (although new private investors are likely to want to come on board increasing the risk of a rise of share price) as he can take over all shares at any time at a fair price (hopefully).
Odey may well buy all shares from investors that want a quick sell straight away that are willing to sell for sub 5p, collecting as many cheap shares before he pays a premium for the remaining holders shares.
There’s also a chance Odey will remain just owning a 56-99% of TSTR without owning the whole company which all remaining holders would benefit significantly from dividends payments and massive buy out offers for third parties in the future.
I think the key here is to hold and try to forget for 6-24 months.
Great updates and info tradehobbs, many thanks. Very interesting they have opened an auction straight away.