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Very few people understand how ridiculously cheap these shares actually are . Opportunities like this are very rare and I believe that there will be a lot of people that are going to regret not having the courage to commit. I am telling you now that within the next 6 - 12 months these share will be worth at least 25 times what they are now. This is the biggest investment that I have ever made in my life and I have staked my reputation on it as I have convinced practically every one of my friends to buy them.
Just look at the facts. Four weeks ago the Omani’s just bought 24% for at least 48 million. They wouldn’t have done that if they didn’t know what was going on.
Odey has his own reasons for keeping the price low.
Just 2 days left.
SL
Based on your calculation that 24% = £48m. 16% = £32m / 95m shares = 33.6 p per share !!!!!
@Firststopthemoon - I hope its a lot more than nominal value!
I have managed to get my avg SP down so will break even on nominal SP but agree with SL in that theres a lot more value here than 1p-5p.
I am here for the big prize - GLA!!
I’m with interactive investor, when tstr delist do I need to do anything to make sure my shares get transferred to a new platform or do ii do it automatically?
For those that are unsure what resolutions have been accepted..
Resolution 1 - to receive the reports and accounts for the year ended 31 December 2019
Resolution 2 - to re-appoint David Fletcher as a director, although he will resign upon the Cancellation becoming effective.
Resolution 3 – to appoint Claire Holdsworth as a director, conditional upon the Cancellation.
Resolution 4 - to reappoint Grant Thornton UK LLP as auditors of the Company and to authorise the directors to determine their remuneration.
Resolution 5 – to approve the Cancellation.
Resolution 6 – to approve the Re-registration and to adopt new articles of association suitable for a private limited company. A copy of the New Articles is available on the Company’s website, details below. The New Articles continue to permit the free transferability of Ordinary Shares.
The New Articles contain a drag along right, pursuant to which Shareholders selling more than 50% of the Company’s voting share capital will be able to require that the other Shareholders sell their shares in the Company to the proposed buyer(s) on the same terms.
Claire Holdsworth currently works for Odey Asset Management and would be in charge/responsible of accepting any ridiculously low offer acting on behalf of
Odey Management, Claire would be responsible for any unfair loss to us shareholders IMO.
Play fair Claire.
Then there is nothing to worry about :D.. I have tried to understand the take over code, it does seem to considerably protect us shareholders.
Scratch Golfer
For your info from II
TRI-STAR RESOURCES ORD GBP0.05
Event Type De-Listing
Effective date: 10th December 2020
Market affected: Alternative Investment Market (AIM)
Trading restrictions: The last day we will be supporting trading will be 7th December 2020
Tri-Star Resources plc has announced its intention to cancel its listing of Ordinary shares from trading on AIM. This is expected to become effective on 10th December 2020 at 07:00am.
As the shares will no longer be trading on a supported stock exchange you may choose to sell your holding prior to our last day of trading, listed above, or transfer your holding to another broker.
If you do not wish to sell or transfer, following the delisting we will endeavour to provide you with a share certificate in relation to your holding, should one be issued by the company in the future.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment. Certificates received in respect of ISA accounts will no longer be held within the tax efficient wrapper so will lose any tax benefits.
SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products. Consequently, holders may wish to liquidate any holdings prior to a delisting becoming effective.
Thank you Krispy for the information ??
I have just come off the phone from HL and they are saying that they will hold shares in a SIPP, they will show a nil value and will just be held there. I have asked them for written confirmation and will await, not convinced though?
Bovey that’s sounds correct to me, as I’ve held shares that have been delisted in the past.. however I would ask for them in paper form as my shares that were delisted only stayed as a blank entity for about a year and then completely vanished from my pf
Bovey- when I spoke to HL they informed me that they would be held on account and listed on any future exchange.
@Harley and Bilbo
Thank you guys for your responses. I want to hold on and see where this ends up. Not got a lot invested but would sell if I thought the shares were going to disappear into thin air. It is the SIPP rather than the share account I am more concerned about. Looking forward to sitting this one out!
Many thanks.