The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Yes we can sell Alcara after 2.30 when Toronto markets opens.
Peru prime minister could be temporary as propsal is to tax more to all mining companies and there is always licencing risks in Peru which has been increased.
There may be in future disputes over licencing and its permits but there is for sure that Peru prime minister will increase taxation to all miners.
When full details on some £400m bond investment in Evergrande is published, Ashmore may need to write down which will put pressure on share price and may go below £3.00. Yesterday's rise looks like dead cat bounce as there was no news for nearly 6% rise before drifting down.
This is drifting lower everyday after several downgrade last week. Plus Evergrande debacle where Ashmore has bond holdings does not help. When update from Ashmore comes this may fall below £3 I believe.
Melrose company robbed us by restructuring by reducing share holding by 10 % meaning the company purchased shares from us at £ 1.50 when the market price was around £ 1.70.i.e. 1000 shares purchased at £ 1.70 (example) costs us £1700 plus dealing cost and stamp duty.For this holding company paid £ 150 but reduced holding to 900 shares. This meant the share cost went from original buying price at £ 1.70 to £ 1.889 This means holders lost around 11.12 % plus dealing cost and stamp duty. That is why the company had to obtain court approval but in the end the company bought shares to cancel below the market price without stamp duty and dealing cost.
This was share consolidations of 10% of your holding which paid 15p per your original holdings.
This means if you were holding 100 shares at say £1.70 you would receive £15 but now you only have 90 shares meaning the company purchased your 10 shares at £1.50 to cancel
https://www.bbc.co.uk/news/uk-scotland-scotland-business-56340440
ISTOCK
Yes I purchased NMC on the 7 Jan but who knew the news coming out on the following day.
If I knew I would be rich.
No need to be abusive calling me twat.
You or any individual does not set the price but all done by Market maker on news flow so you can not **** in the wind
just bought 1200 @15.70
gggg21 Now £16.15 and still dropping