Forced liquidation of position.15 Jan 2026 14:06
Email from IG, I wonder what they know that we dont.
Dear Mr (unfortunate investor of this diamond con)
We trust this email finds you well.
The purpose of this email is to inform you, following an internal risk assessment, we will be raising the margin requirements for some inactive stocks.
Your open position in Vast Resources PLC is affected. Please ensure that you have enough funds in your account to cover the margin increase and avoid a margin call. If you do not have enough available funds in your account to sustain the higher margin required, you may be a risk of being margin called. The impact of the margin increase is roughly XXXXX GBP and would lead to an amount due on the account XXXXX GBP due to remove the account from a margin call.
Margin will increase on this stock from 25%* to 100%*.
*Without taking into account individual discounts / minimum margins
This change is in accordance with clause 15(9) of our Customer Agreement and will come into effect at 3pm UK time on 29th January 2026.
We’re here to help
If you have any questions about this or need help with your account, please do not hesitate to get in touch with our team. We will be able to assist.
Kind regards,
IG
Well well well, looks like they suddenly feel like they wont be able to recover a single penny from the position they have taken in this stock on our behalf. They want 100% of the share value, whilst suspended.
take from that what you will.
Needless to say, I have informed them to liquidate the long position at the first possible moment, and to invoice me the total loss which I will repay within 24 hours.
Well done AP - you managed to raise, what was it, 5.6 million pounds, and sold 1 million DOLLARS? oh and the warrants too, there was a few million there.
Oh and the fundamental breakthrough in technology to clean the stones, that was amazing.
GLA, on relisting (if it ever relists by the way, I've seen too many companies 'delist' temporarily, only to never return)
Its actually the reason behind my name, Frontera (FRR) posted the following RNS:
24 Jan 2019 16:00
RNS Number : 0494O
Frontera Resources Corporation
Frontera Resources Corporation
Frontera Resources To Grow As A Private Company
Frontera Resources Corporation, the Houston, Texas USA based European-focused oil and gas exploration and production company, today announces that its ordinary shares will no longer be listed for trading on the AIM Market effective 25 January 2019.
Accordingly, from this date, the Company will continue to advance its work as a private company.
The Company will continue to update its shareholders via its website: www.fronteraresources.com and via RNS Reach.
Spoiler alert, they never updated shareholders with a single piece of information ever since. but then again that was only 6 years ago.
Oh wait sorry, they company was liquidated over the following years.
https://www.lse.co.uk/Sha