The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I emailed Hargreaves Lansdown re the position if EUA are taken over by NN this is the reply
possible take over of Eurasia by Norliisk Nickel
Dear xxxx
Thank you for your message, and apologies for the delay in responding to you.
If a Takeover of Eurasia Mining plc were to take place by a Company that we are not able to hold on our platform through CREST, the UK Settlement Service, then we would look to hold the shares through our overseas custodian, HSBC. This would be the case with all other Company's shares if the shares are unable to held through CREST.
If you have any further questions, please respond to this message.
Kind regards
Andrew Smart
Corporate Actions
A fund that tracks that index will need to match the percentage of the index that EUA represents so if this is 1% a tracker fund of £100million will need to buy £1,000,000 worth ie 1% - some funds do nor replicate the index exactly
I think the guy on twitter that has been referred to has estimated that using the above principle then £30million shares will need to be bought across all the relevant funds that track the index - hope this helps.
A fund that tracks that index will need to match the percentage of the index that EUA represents so if this is 1% a tracker fund of £100million will need to buy £1,000,000 worth ie 1% - some funds do nor replicate the index exactly
I think the guy on twitter that has been referred to has estimated that using the above principle then £30million shares will need to be bought across all the relevant funds that track the index - hope this helps.
This is my take on this - I don't know if this is accurate but it seems logical
If an offer includes NN shares and HL will not allow you to hold them in an ISA they will have to move them to a trading account
if you sell them from the trading account at the same price as that when they were transferred then no gain has been made . All the gains are made in the isa which is tax free.
The big downside is that you will not be able to put the cash amount back into isa in one go you will be subject to the 20k annual allowance .
I thought it was a strange post - why bring Rowka up at all - having said that one of his later posts was to theorise about a new company being formed he gave an example of 4 companies plus EUA. The 4 companies of which NN may be one inject captital EUA have an equal share - their assets is their contribution .
His premise was that EUA may be too expensive for one company to buy out alone.
EUA shareholders may get an initial dividend and then a pro rata share holding in the new company/joint venture
Who knows ? this may be the subject of the NN EGM
Personally I think this board is poorer without Rowka's imput
Ian perhaps he was an electrical engineer in the army and he could have mended your Sony TV !
The doom and gloom merchants were out in force putting a negative spin on the RNS which was almost certainly not instigated by our BOD on Friday UFO issued a very similar wording
EURASIA MINING PLC
("Eurasia" or "the Company")
Statement re Share Price Movement
Eurasia Mining plc notes the recent significant rise in the Company's share price.
There have been no new developments requiring formal notification beyond those included in the Company's announcement of interim results on 30 September 2020.
("Alien Metals", "UFO" or "the Company")
Company update
Alien Metals Ltd (LSE AIM:UFO) ("Alien Metals" or "the Company"), a minerals exploration and development company, noting the recent rise in the share price, is pleased to update the market on its current projects. The information provided below has previously been notified to the market and provides an overview of the Company's current operations.
Both companies are responding to a request to make a comment re the SP rise nothing more nothing less
I'm thinking this monday will be a better one for us than last monday
the RNS of the 30th September stated that they had recently been appointed nobody outside the interested parties knows how long they have been onboard it may have been a month or longer before the RNS - its hard to define recently
Thanks JT I can do that on here I have the basic level2 which gives the Cum Vol and the buy and sell From the EuA fundamentals section _ I just thought it may be displayed on one page
I have to say it is a worthwhile exercise as it is clear there are a large number of MIA's - presumably there could be more than one accumulation going on so we may never know who they are if all are below the 1% dec limit