Member Info for Fozdog

James I like bhl a lot, actually see it more of a replacement for bcn than znwd is. Don’t want to muddy the boards so all I’ll say on it.

Znwd 19p I paid today was my most expensive purchase here, I’m livid as had it lined up
For the 31st but Hargreaves let us down.
My one concern is regardless omicron (I’m bullish this is the end of the pandemic, it’s
Replacing delta variant and data suggests this is where economies live with it) we’re still due a drop/short term correction but I think it comes week ahead of Chinese New Year, ie 23rd Jan so we can run further yet.

I’m a little concerned all the Chinese related lithium stocks got absolutely tonked, ganfeng for eg is down 14% in last month, 6% today.
Does it change investment thesis? No but don’t expect this just to keep running up.

I’m keeping powder back for that as many cap raises to come.
There were a lot of ipos that didn’t come in Dec as market demand just shut down, so need to bide some time as plenty of opportunities to come yet.

Had to pay 19p to get stock in!

Yep there from hl, replacements here we come

I spoke to them directly and left a complaint as I think it’s ridiculous. It’s cost me a lot on znwd and I’m livid

Hl are claiming they don’t even had a payment date from Bacanora.
Ridiculous and costly already this year.
Can’t wait to be rid here!!!

This is the perfect replacement for Bacanora holders that should be getting their cash in for the new year

Agree bannor, was thinking the same it’ll be next week. I can’t imagine anyone being sharp on payments here and I’m sure many short staffed….

Hey John, You really reckon gf are going yeah let’s increase the offer - we won’t worry about the fact we’ve paid a load of private investors less and the bod has effectively tried to “force” pis hands?
Won’t go down to well will it if a law suit lands in their lap that they manipulated private investors with less experience and information to taking a deal and then paying more?
I also am pretty sure they would retrospectively have to pay out everyone at same level.
I also don’t see who steps in here, reckon it’s just some technical mark and it’ll be back down tomorrow!

Mangs if you check the rns I think the agent link or whatever it’s called it might be worth contacting them. I’d also send investor relations at bcn an email saying you want to accept and copy in their advisors on the deal. You’ll have to look it up on rns.

Mangs the issue is the deadline for the deal times from bcn isn’t your broker deadline. It’s Xmas time and bank holidays they need to be prepared also.
Your broker will have to submit way in advance so if you didn’t accept in time that’s on you and the financials ombudsman will do nothing.

This is the thing john, what if your current brokers can’t hold it due to being a private investment?

If you look at crowdcube for eg they can hold for you like a nominee/custodian account or above a certain amount you have to be a private holder directly.

So for eg Cornish lithium when privately raised, if you bought 20k+ crowdcube aren’t holding it for you in a nominee account -therefore when it comes to voting as an eg you can’t vote via crowdcube you have to vote independently.

My assumption is that when this goes private it will come off the likes of hl platform therefore they will not be not acting on your behalf.
Any updates won’t be from hl or rns them. Any conversation with company has to be direct. You will hold your shares and they won’t have them on their platform.

I recently had an ipo where Hargreaves said to me were not sure if will quote the stock and therefore couldn’t guarantee other broker I wasn’t set up with could send across to hl.
As it was they could in end and are quoting but that tells me if they no longer quote bcn, which they won’t as private, then they can’t hold the stock for you.

There is so much to think about that just is headache after headache. I have nothing to gain by trying to help here to be clear I’m just trying to alert people to potential issues they haven’t thought about.

What I find mad is that if you are keeping the stock and it’s goes private have any of you actually asked your brokers such as Halifax, ii and Hargreaves and anyone else what happens to custodian of it?

John/Matt as said I’m not talking about isa….

I own bcn in my share and trading account AND Isa,
I have said yes so doesn’t bother me but those that haven’t I think you need to seek tax advice.

Because the last share purchase which will be Gf on the deal will be the shares you own.
I don’t think Hargreaves will allow you to keep them on their platform as custodian. You might need a separate and private broker. If that’s the case you will be transferring stock at a market rate. Now hopefully it’s just a transfer but if it’s a transfer of stock back to you at 67.5p you could be on hook for capital gains.

I genuinely don’t know hence saying seek tax advise.

I see it In same way if you have capital loses on another stock In your trading account and want to use them this year you would bed and isa if have space in isa account. That means a put through with broker or a simultaneous buy and sell from trading to isa account.

Fwiw hl haven’t been offering this bed and isa since covid but will do a put through at massive fee they’ve stung me on already last year.

Morning Matthew, you are talking about Isa. Isa not concerned on treat everything tax free. Forget isa.

I am saying if you hold the stock outside an isa and are reset at the “delist” price (don’t know answer here) which will be 67.5p and your average is 30p you will have a capital gains In those accounts. You will also have to treat znwd as a dividend. So everyone that doenst one this in their isa and hasn’t said yes might well have a cap gains and dividend bill regardless.

Hi Matthew agreed on comments re znwld and creeping up.

Re tax So this is where my concerns would be, if you were still in and say Hargreaves lansdowne took off their platform do they issue the shares back to you at private sp?
Therefore you are eligible for cap gains…
My avg is 29-30p and I’m 425k stock, lot is out my isa so I would hate to cover a cap gains bill in a stock I can’t even sell….

To be clear I don’t know the answer here but I don’t even think people are considering other possible issues. iv accepted to be clear as I don’t want this headache anymore and I’ll make more from cusn and znwd than here in private bcn in next 6 months.

Woolgie, check your broker as If
Mainstream I expect they won’t even take the order once it’s delisted.
So you can keep refreshing it till then! Then have lots of fun finding a separate broker to manage it for you. Wouldn’t even want to think about what those charges are going to be…

I don’t agree mr c regarding bully boy, I mean how many on this board are still holding and keep asking the same questions about 75%? It’s relentless. Same questions time and time again.

There are way too many here holding that don’t have a clue then will moan when they can’t sell their shares and need to.
I also don’t know if there’s a tax implication for going private as a shareholder? It’s hard enough getting the dividend sorted as Hargreaves marked price into my account on znwd stock needs checking. Leaving that for accountant to work out.

Mr. C then you’ve not read the rns”s properly.
A separate vote was carried out regarding distribution of znwd shares as a specie, it passed. Like any resolutions that get voted on, you don’t need to accept but majority approved the distribution and therefore it passed. Therefore all shareholders get it whether voted on it or not.
Yes it was tied to deal being unconditional which has happened therefore every shareholder as per the date on record last week got their distribution.
Solely think of it as a dividend and forget it’s reference to the deal.

Come on mr c your better than that…you seriously asking why got znwd shares?

John znwd fundraise was 100% underwritten by maxy Henry. He allowed a certain amount to be taken off him but kept a minimum. It’s undersubscribed as I expect people like you and I waiting on our stock here and bcn cash