Member Info for Divhunter

Also from ii,

"IronRidge Resources Ltd has announced a Demerger, whereby holders will be issued with 1 Ricca share for every 8 IronRidge Resources Ltd DI?s held. The ex-entitlement date is 22nd November 2021.

The company have advised that they will not be seeking a quotation for the Ricca shares at present and the shares will not be listed on any recognised national securities exchange. Accordingly, there may be no liquid market for trading the Ricca shares.

The company have also stated that the Ricca shares will not be issued through Crest (i.e. they will not be issued to us electronically) but will instead be issued in registered form, by paper certificate. They have indicated that the expected completion for the demerger will be 22nd December 2021, but we can only credit customer accounts with the new shares once we have received the certificates ourselves, so payment may not be until some time after this date.

In addition, please be informed that IronRidge Resources Ltd has changed its name to Atlantic Lithium Limited, effective from 22nd November 2021.

Finally, Interactive Investor are also aware of a Priority Offer whereby eligible holders will be entitled to apply for additional shares in Ricca on the basis of 1 new Ricca share for every 8 IronRidge Resources Limited held at the record date of 23rd November 2021. At present we are still trying to obtain full details concerning this offer from the company and their representatives, including the process by which we will need to send them your elections if you wish to participate. Therefore, when we are able to do so, we will issue a further Corporate Action notice about this which will summarise the terms of the offer and advise what your options are in regard to it."

They'll be wanting to know for sure whether they can put them in SIPP s & ISA s before they commit the corporate action but I reckon they need a yea or nae from us by end of first week in December or soon after. Getting tight.

& me. Been in here since the £7 days & seriously underwater for some time. Now 10% of my portfolio at an average of £1.60 with some heavy buying in the last 2 days, good times ahead!

So I off loaded a few at 24p late on today so that I won't be too exposed to the unlisted shares in my ISA. I can buy back into IRR on Monday, however it shows, and that will be buying into ALL only for when they effectively change the ticker. If they mark it down 3 or 4p that will suit me!, If they only mark it down 1p that's fine, I've still got what I'm holding in the black thanks to the last week & RICCA in the bottom drawer for a while.

So, suspension of trading on Monday pending distribution of the new shares? Can't see any other way of doing it.

Thanks. I've got IRR shares in my trading account, ISA & SIPP with interactive investor and not a jot out of them. Not even an acknowledgement that there's an AGM tomorrow with a vote to approve a split. Tantamount to negligence on their behalf. I expect them to do the same as Halifax, the breadth of investments on offer is pretty wide, but it would be nice to know what they're planning. Shouldn't be down to the individuals to ask, I can't be the only one.

Needs to in the absence of a dividend. We need to have capital gains & a plan for spending the profit otherwise somebody else will be in for a quick buck. Needs to be trading £2.89 plus so that any offers need to be closer to £3.50 to be considered.

Sharketmare, it's one thing expecting your nominee broker to hold your unlisted shares for a while until they are relisted somewhere & then dealing with it, it's another asking them to buy unlisted rights issue shares for you & holding them. The only option might be to ask for certified shares to get the rights issue & all the paraphernalia that goes with it.

Yes, disappointing answer. Can't see any of the nominee brokers being able to take up the ri in RICCA, a has anyone confirmed they will be able to? In which case it's downward pressure on the SP for IRR

To be honest I see RICCA as a gamble & ALL as the certainty. I'd rather see RICCA fully funded by IRR in the demerger & the rights issue with the ALL shares. But I'm committed either way so here's hoping, an to be more honest that's what it is. Every faith in ALL to deliver.

Didn't hear anything I don't know already but at least It's from the horse's mouth!

So, in for another £5k's worth. Managed sub 19p yesterday but 19.075 best I could do today. Showing as sells. Ready for take off tomorrow!

No, it normally drops when it goes ex-dividend. On payment day & the couple of days after if anything, & barring other issues, it will rise because holders are reinvesting the dividend.

No way I was selling any PFC shares to fund the offer. Rebalance the portfolio, sell something else if you can't add to the ISA, can always buy them back out if the profit you'll make here. Unless you think all your other shares are going to perform better than this one!

Actual plan is buy now, pre Tuesday night pitch, as the suspicion is that ALL so on it's own will be higher come 23rd than IRR is now, probably not partake in the RICCA RI & put those shares inn the bottom drawer.

Piedmont might know what they're doing but it's all in there own interest. Which is Lithium.

Do Canaccord know what they're doing? They're fully underwriting the Ricca demerger & rights issue. Piedmont will be 10% holders & rights issue eligible. Are they interested in the gold company or will they just be looking to offload at the earliest opportunity, hence holding the Ricca price down, unless Canaccord have a buyer lined up.

Do Ii know what they are doing? They haven't asked me how I want to vote, their site is down for maintenance, it doesn't bode well for their handling if the demerger & rights issue. Anybody else out there with Ii asked them yet?

I just fear being left with a valueless gold company, having to invest more in it to take up the rights issue to maintain any semblance of a decent holding, when I'd rather be putting more into the lithium company.

All hopes left lying with Lithium.

penstock, they're not RI shares they're OO shares & they don't need mopping up. The underwriters have already placed all of them to those who wanted them subject to clawing back those that were wanted by eligible shareholders under the open offer. No hangover & I expect those who have them will want to hold. Up, up & away.

The market value is purely the number of shares in issue times the share price. It will be what it will be. They told you your dilution in terms of ownership not value. If you held all the shares prior to the capital raise and didn't partake you would only hold 66.5% afterwards. If you did partake you would hold 83.2%. What they will be worth is what the market thinks they are worth based on what they are doing with the capital raised & the refinancing agreement & is a matter of opinion. Currently the market thinks about £1.30 each and that will increase if people think it's undervalued and want to buy & decrease if they think otherwise. Same as.

Expecting this to drift down to close of business Tuesday & then a sharp spike up to entitlement date. Off loading some other shares ready to top up sub 19p

Still can't fathom this, all this activity after the bell. Normally late reported trades would come through but have the actual time, these are high volume after hours, anybody?