Member Info for archways

I do not have a share price target, but I will be 82 in August and my target is to live another five years so that I can see how this project works out.

Some suggested supporting films for Licensed to Drill and From Breccia with Love:-
Goldfinder
Greatland Shares are Forever
Newcrest's Offer is Not Enough
Dig Another Day
Orefall

toshpow.
If you have a share certificate(s) for your Sirius shares you must send it to the Registrars and ask for your 5.5p per share. Use the Post Office service which requires a signature by the recipient and a tracking facility. The Registrars' address will be shown on the certificate(s). They will send you a cheque. Anglo American will have given them the exact amount of cash to cover the whole of the share capital of Sirius. A separate Bank account will have been opened for this take-over, and the current balance on that account will represent the amount of money still due to shareholders who haven't yet claimed the amount due to them. They will welcome your correspondence.
If your shares are held by a nominee company you will not have a certificate. The nominee company should already have credited your account with the cash (5.5p times the number of shares). If it hasn't (which seems unlikely) you should write to it asking for an explanation and access to your cash.

stung - your cash balance will have increased by 5.5p times the number of shares you held in Sirius, so you haven't lost all of your investment. Anglo American bought the whole of Sirius for 5.5p in cash for every share.

Arnie. Well where has your message gone?

A few minutes ago there was a message from Arnie on here saying that OldTimer's boss had probably run out of 25ps. That has disappeared. Has Arnie been banished?

If the share price at that time was 28p there would already be an estimate in there for the amount that Newcrest might pay for Havieron. If Newcrest did pay 25p for Havieron one might think that the share price would fall to 3p. However the stock market would probably feel that what was left in Greatland was worth more than 3p. The current price of just under 8p makes Greatland worth about £300m, so 3p makes it worth about £112m. I would expect that the share price would settle at a much higher amount under those circumstances.
Similarly if Greatland then paid a special dividend of say 10p your theoretical share price of 3p would theoretically become minus 7p!!!
The future share price will depend on the market's view about the value of Greatland under the new circumstances - there would be an adjustment to the share price at the time that the shares go ex that dividend but it would quickly recover to whatever is thought to be fair for Greatland ex Havieron.

Thank you SocialistB.

Can someone please confirm that at the point that Newcrest acquire a 5% interest at fair market value, thereby giving them a 75% interest in Havieron, they will not have been allotted any shares in Greatland they will merely be entitled to 75% of the annual profit of Havieron, so separate accounts will be maintained for Havieron and Newcrest will be credited with 75% of the income and charged for 75% of all of the expenses. We will continue to own 100% of the rest of Greatland plus 25% of the profit from Havieron. Is that how the farm-in agreement with Newcrest is intended to work?

Welcome to the board.
Woodford holds about 19% of the shares in Arix. Until that holding is transferred into a long term holder's hands there is a possibility that a sale will be forced at whatever price can be obtained, and in my opinion that is why the share price has been weak in recent months.

Hi Bobrad.
Between Stoke-on-Trent and Leek - not far away.

Hi RB64.
It was jonesrichard who mentioned on Sirius's board that he had bought into Greatland at 3.8p. He became johhny evans on this board. Someone said a few weeks ago that he seemed to have moved from Greatland into NCYT. Does anyone know at what price he sold out of Greatland, and whether he sold the whole of his holding?

Alcoholics Anonymous have called in the Liquidhater.

In my experience there is no reason why a Bed and ISA should not have been carried out on the day it was ordered, if not instantaneously. The share price has risen dramatically since 6th April. If the transaction is done today and a significant part of your annual exemption limit for CGT purposes has been used up as a result of the delay I would make an official complaint to your brokers and complain to the Ombudsman if you are not satisfied with the outcome (you are looking for the deal to be done based on the 6th April selling price and the buy back at the selling price plus £25 - £50 plus Stamp Duty). If however by 5th April 2021 you are unlikely to have exceeded the exemption limit for 2020/21 (£12,200?) then the delay has not caused you any loss, and you can continue to push for the deal to be done.

Fred16. Johhny Evans used "we" in his post yesterday (Friday) at 15.23, implying that he was still a shareholder in Greatland. I feel sure that he was jonesrichard on the Sirius board, and I think that many other posters have decided that JE and JR are the same person. If he now also holds NCYT shares he is probably showing a very good profit in a short period of time.

Hi Fred16. Annoying as jonesrichards was on the Sirius board (obviously johhny evans on here) I have to thank him for bringing Greatland to my attention. 20p on here would recoup my losses on Sirius.
A few minutes ago it was obviously arnieibb who posted a message on Sirius's board under the name illbetabuck2. Arnie was busy on here last night but not today. Was he just illbetabuck (without the 2) on Sirius a few months ago?

Today's Daily Mail - "Royal Mail's boss is facing calls to return to the UK from his Swiss penthouse- or quit". How embarrassing it would be for him if he were to lose his post.

No, you two are not on your own.

Daverec at 14.37
When a Bed and Isa deal is put through the market the sale is usually based on the current selling price. The buy back into the ISA is usually priced at the selling price plus about £25 for the market maker, so if the sale went through at say 4.5p (when the spread was say 4.5 - 4.6) the buy back might have gone through at say 4.51, in which case both the sale and the buy back will appear on your screen as sales, because the buy back price is below the middle of the spread. As a generalisation Bed and Isa deals will always appear on your screen as two sales, but we know that that is not the truth.

Antmoss44
Your 10,000 order must have gone through the Uncrossing Trade process at 2 o'clock, when a total of 12,504 shares were put through at 4.575. Between 11am and 2pm the highest price paid was from memory about 4.45 (you can check via the link on MFU's post at 13.20), so your broker hasn't dealt at best he has left it to the UT. We saw two or three days ago that 4.8 was put through at 4.30pm when the spread was more like 4.2-4.6. Did you specifically ask for the shares at best, or is it that your broker only puts deals through at the next UT?