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Especially as the bid is now below the open offer so selling will no longer pay the purchase price!!

LoL ..... I got confirmation this morning that 'we cannot comment on what other institutions do' but we are unable to offer your ISA entitlement for purchase outside of your ISA....

I have constructed & sent a suitable reply & will revisit this when all the dust has settled ...

& why buy now anyway when I can get all I can get more under the placement or even more (if I want) should the SP ASK go below it on the open market .... some people are just happy to give other people's money away LoL

MD - maybe a reincarnation of Neat or Spadger eh LoL

....that of course is 'currently' unable to take my ISA entitlement in my trading account as I'm still working on that!! :-)

"some shareholders look to be more advantaged than others then… "

Indeed they do TC whilst I seem to have longer to decide than some which is possibly an advantage I seem to be disadvantaged by not being able to buy my ISA entitlement in my trading account as others seem to be able to do ...... albeit depending on the SP action between now & then on whether I take any or not !! LoL

I've been given until close if play on the 16th to identify my requirements ..... In my opinion it'll take a few days for everything to get sorted regardless so don't think KDNC will get money in their bank account until 21/22Feb ..... however they already have the funds for 27% from the £4.1M fund raise with 'new & existing' .

LoL ... I guess it all remains to be seen come judgement day !!! I'll ever get them or not.... as said all is not lost regardless as I can buy double digit K under my entitlement outside of my ISA & depending on the SP could if I want take up additional by on market purchases ... alternatively I can also request an excess allocation depending on how many are going at the time .... still got my exit plan front & centre just with potentially more shares :-)

Cheers 165 .... More ammo in the gun & it's been sent on in another volley ... see what happens :-))

CM it kinda depends on how big your entitlement is & excess application intentions as to whether it's more or less 'worth the bother'

TC ... I've fired off another message pointing them at the HL offering - see what happens with that...

Obs .. as advised earlier they have clarified that it has nothing to do with HMRC rules but to the offer itself.

All good fun .... With a bit of luck & 'depending' on the SP action between now & D (decision) DAY it may become irrelevant yet who knows LoL..

Effectively what they're saying is that this has nothing to do with HMRC rules but everything to do with the offer .....

Lengthier response, as indicated I'll keep banging on the door.....

The exact wording used each time is different, but if you go to the Offer document for the Cadence Open Offer at the address below, it states the following on page 14.

Qualifying Shareholders should note that the Open Offer is not a rights issue. Qualifying CREST Shareholders should also note that although the Open Offer Entitlements will be admitted to CREST and be enabled for settlement, applications in respect of entitlements under the Open Offer may only be made by the Qualifying CREST Shareholder originally entitled or by a person entitled by virtue of a bona fide market claim raised by Euroclear UK & Ireland’s Claims Processing Unit.

https://www.cadenceminerals.com/wp-content/uploads/2022/02/Open-offer-circular-Final.pdf

Basically, unlike UK rights issues, the facility to transfer the Open Offer entitlements (possession of which is what entitles holders to take part in the Open Offer) between accounts does not exist. Since that facility doesn't exist, we can't offer it as a service.

Hi TC, took this from the offer in my ISA & have a further response from the Broker I'll share ..... I will push back with the HMRC link & see what happens......

If your sub shares are held within an ISA account, please be aware that the sub shares are not transferable and therefore the facility to take this Offer up outside of an ISA account is unavailable.

After you guys :-)

It means you were holding 10,000 KDNC shares in your ISA & you have an entitlement under the open offer to buy 500 (1 for every 20 shares held) at 20.5p if you so choose ....

There will be an option to take up all of the 500 shares or any number up to 500 for a little over £100 (as well as an option to apply for additional shares) it should simply be via a link in your account .... as it's your ISA you'll either need the required cash available (&/or transfer in if not maxxed out already) or sell some others shares in your ISA to fund the purchase .... or in my opinion you'll lose the option (others may tell you can pay for them outside your ISA & transfer them but I personally do not think it is possible under current regulation) .

Finally there are time limits to this & it should also indicate a closing date/time to take up the offer so you have until then to decide ..... BUT .... watch the SP generally because if the ASK does dip below the offer price & you are happy/want to increase your holding you may be able to do that 'on market' rather than in your ISA.

But if your uncertain what it means or what to do in any way don't listen or take any notice of 'ANYONE' including me on this board & talk to your broker.

If I've missed anything I'm sure others will fill the gaps.

It could certainly be poor - especially if the ask drops below the offer price however the worst in history?! I very much doubt it - I've seen some absolute shockers in my time LoL

Not really ....ma's gotta 'normal' rocking chair & it takes a week to stop wobbling after I've used it LoL.

LoL .... to be fair I've been hoping for a few years already .... what's another one or two aside from the difference between choosing a top of the range car or Zimmer ....

I'll eagerly await your confirmation we have time fortunately ... Though of course dividends can be taken & moved outside your ISA that's just like removing cash ... cheers

I was hoping to be out by the next tax year ..... Looks less likely now than I'd hoped it would LoL