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Cider king
Would you mind posting after your phone call tomorrow with some details?
Cider king
I completely agree.
Overall HL have suited me nicely over the years but I don’t understand their reluctance.
Sadly I feel stuck and really annoyed. I hope once the vote is complete they agree to issue certificates.
They did acknowledge to me there is significant pressure from holders for certificates.
The best of luck :-)
Cider king
It’s a minefield of information at the moment unfortunately.
But I’m also with HL so let me give you my direct experience.
At present - they are not saying ‘definitely no’ but it is something they don’t ‘normally do’.
BUT - they did issue certificates for Evraz due to the exceptional circumstance. And they do see this as similar.
I also contacted 3 other brokers. And all said the same - if you don’t hold with us at present we won’t certificate your shares.
Redmayne Bentley, interactive investor and one other but i forget.
So rest assured there are plenty in THE HL BOAT. I hope they see sense once the vote is done.
Personally I want certificates so I can hold long term.
10 trading days until the vote.
Where’s the SP going to go?
Still a bargain at 2.55 ask. Or even £3.
Regardless of the buys or sells the price keeps going up.
There is clearly a shortage of stock.
And someone or something is vacuuming all the shares up.
I wonder why . . .
And the volume today is tiny and yet we’re 9% up.
HOLD!!! HOLD HOLD HOLD!!! This’ll go bananas if the selling dries up
AND . . .
HL have suspended buying.
HOLD!!!
Regardless of the buys or sells the price keeps going up.
There is clearly a shortage of stock.
And someone or something is vacuuming all the shares up.
I wonder why . . .
And the volume today is tiny and yet we’re 6% up.
HOLD!!! HOLD HOLD HOLD!!! This’ll go bananas if the selling dries up
Can’t seem to see it Foor?
By my reckoning . . .
1. The permit application went in around early September. And the schedule for completion is 6-9 months.
So we’re now right in the zone!!
2. They’ve been mining Marsfontein since March 15th - surely they’ve flogged some diamonds by now?!
3. David Horgan made a mysterious appearance!!
4. And Ghaghoo is still lurking in the background.
Any thoughts?
Is that registering through Tabys John?
Or will things become clearer over the coming weeks?
And I’ve just spoken to investor relations at Polly metal and they are hopeful that Wood and co will on board by the end of the week.
So I think that’ll be my preferred option.
Wood and Co are a Cyprus based company too.
At present HL (my current broker) aren’t playing ball with Share certificates.
And II won’t guarantee them to me as I’m not an existing client.
So Wood and Co looks like my best option. Fingers crossed all.
Had a response from wood and co -
Dear ****,
As you may already be aware from the official Polymetal circular published yesterday in preparation for the General Meeting to be held on 30th May, we at WOOD & Company are preparing a solution for current shareholders to preserve the value of their investment by offering an alternative solution for the safekeeping of their shares at the Kazakhstani AIX Central Depository (we understand that it is highly questionable whether trading on the LSE/depositing with your current provider could continue once the redomiciliation of the shares has been completed).
The cooperation agreement between WOOD and Polymetal is currently being finalized and is expected to be completed in next few days. In anticipation of a positive outcome of the discussions, our analytical and compliance teams are already hard at work preparing the necessary workflows and documentation for the onboarding / AML / KYC processes of the various shareholder groups (including intermediaries, institutions and retail), taking into account the specific circumstances of this project and the number of shareholders involved. Please be patient while we analyze the complexities of the situation and rest assured that we plan to release further guidance on the process as soon as practicable.
Sincerely,
WOOD & Company Team
Vladimír Vávra
CEE Equities Sales Trader
JTS.
That’s the sound just post I’ve read in ages.
If you invested for the long-term here today is a relevant. The fundamentals of the company are very good and the Q1 results are very positive. If you’re happy to wait the rewards will be fantastic
Good luck most
100k shares
Value £309.09K
Buy price 309p
Blue day tomorrow as far as I’m concerned. And if I’m wrong the Richard’s will be happy to know I’ll be giving up!