Member Info for EricDraven

I see.

Pmsl. Just clicked on the link.

Goodness, that 3 month KAV chart is duff. I can see why it may be a good punt for you.

SWLC, why buy at 3p though? Do you mean to ensure they also qualify for the offer? If so, in effect any 100k purchase from the offer will have actually cost them just over 2.5p on average. Taking into account the 3p purchase.

It’s grim at the moment Roller. That person selling at 2.5p for £5k could increase their holding via the offer to 242,718 shares, instead of the 200,000 that they sold, so it is quite good, providing the offer shares will still be available when the settlement of cash comes in.

You do well Troaj. It’s more exciting than buying and holding. I’m just uncertain as to how you know when a share has bottomed out and when to buy in. I’ve never studied the charts though you see.

Anyway, best of luck.

Will you be applying to take any of the offer shares up in BEM at 2.06p, or is it still high risk, in your view?

So do the mms take it up then too, ensuring a rise, considering the charts? Dunno.

I’ll have a look at THR.

I see. Kind of. Just weird to see everyone buying at the same time on no news. You’d think it would be gradual, you know, considering also this also isn’t a busy chat bb.

Someone bought 100k at 3p. In spite of the RNS. Not sure why they didn’t try going for our offer on PB.

Anyway, fair enough. Hope it’s a hidden sign of good things to come.

Glad you are back in the blue zone mate. My holding stills shows it’s 99.2% down the 5hitter. Lol.

Troaj what is occurring here? No RNS and lots of activity.

Ok SJ. Yes, I understand.

I was surprised to have received the ii email today, towards lunchtime. You know, considering they weren’t initially involved. It’s so frustrating. All very late.

Now the sp is down too, and I’m not selling any at 2.5p or so, just to see if I can get offer shares at 2.06p. Then there’s the waiting for the settlement date. Knowing my luck the offer shares will be gone by then and I’d have to buy my shares back normally at 3p. Lol.

As usual, the spread is always wide on this share.

Anyway, yes, get some sleep in, see how you feel then. Sweet dreams. Lol.

Yes SJ. It didn’t drop below the 3.16p. Good that. I hope it doesn’t drop below the offer price this time either. It shouldn’t do.

Did you opt to do it in the end? If so, best of luck.

Jonny, I see what you mean. Sell from ISA and buy back without taking up the offer, if the sp drops further.

No. It’s too risky. I’d rather have done it where I’d be guaranteed them for 2.06p.

Hi Jonny. The sp is too low now. I could have done this last week if ii had been informed of the corporate action sooner. Sold from my ISA above 3p and then bought the new shares. ii would have then put them straight into my ISA. I was liaising with ii but they told me they hadn’t been informed of the offer, so couldn’t do what I wanted. Until today that is, now that the sp has fallen further. Not the fault of ii, they obviously found out at the very last minute themselves, probably first thing this morning.

Had I the funds I would have just put the cash into my shares ISA and asked them to purchase a few for me. The problem lies with me not having any spare money.

Never mind.

Really pleased you managed it Sooz. Glad it is sorted. You can relax now and enjoy the rest of your day.

Afty. x

And the sp of course. It’s painful to see.

ii has been notified about this probably at week too late. It’s certainly prevented me from doing anything with my existing holding, due to settlement dates etc.

Rubbish from BEM.

Well done Sooz. Best of luck!

Yes, I can also confirm ii emailed me at 11:50am (I’ve just seen it now) with the Corporate Action. It’s disgusting that ii was only notified at the last minute, as I’ve been in contact with them of late about the offer, as you all know. Of course, I can’t take up the offer because it would mean selling existing BEM shares and the sp is crap. The email mentioned it being a Bookbuild type offer, subject to availability.

Here’s the email:

“We are writing to inform you that Beowulf Mining has announced an upcoming Retail Offer. As an existing shareholder you are entitled to take part in the offer, and you can find more details on the Corporate Actions page on your account. To do this, log in and go to “portfolio > corporate actions”.

Please note that the Retail Offer will be conducted through a process known as an “accelerated bookbuild” which means that the offer will have a very short deadline, often closing on the same day that it is announced.

Accordingly, if there is no Corporate Action event present on your account then it is likely that the window for election has closed.

Therefore, should you wish to participate, you should log in and view the details of this Corporate Action event as soon as possible. You should also note that the offer may also close early if it is oversubscribed.

Thank you for investing with ii.

interactive investor”

SJ, our posts to Ripley crossed. Lol.