Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
One day I hope the name Sareum will be under this type of news!
Health Secretary Sajid Javid has hailed two possible new additions to the UK's "armoury of life-saving measures" to tackle COVID-19.
The government's antivirals taskforce has struck deals for two new coronavirus treatments, which - if they are approved by the medicines regulator - are expected to be given to those most vulnerable to COVID-19.
The agreements have seen the UK secure 480,000 courses of Molnupiravir - produced by Merck Sharp and Dohme (MSD) - which has been proven in clinical trials to reduce the risk of hospitalisation or death for at-risk non-hospitalised adults with mild to moderate COVID-19 symptoms by 50%.
The US has already struck a $1.2bn deal to purchase around 1.7m courses of Molnupiravir, should it be approved by the American regulator.
https://news.sky.com/story/covid-19-uk-strikes-deals-for-two-antiviral-drugs-to-help-combat-coronavirus-surge-this-winter-12439406
Timely reminder that the last working day of May (28th), the price closed at 2.6p. We close today at 8.6p - x3.3 what we were.
Equaled our highest close on Monday of 7.55p, then broke it on Tuesday with 7.70p, broke again on Wednesday with 7.95p, broke again on Thursday with 8.55p, and yes... you guessed it, again today with 8.60p.
What a great run!!
Danny, for balance its worth noting even if the share price holds above 7p for 5+ days it doesn't mean the warrants are exercised automatically. The HNWI will then have the option to exercise if they so wish. Keep up the good posts. GHJ
When Warrants are exercised they aren't available immediately. It will generally vary based on the Company/Registrar but quite often there will be a 1-2 week delay in requesting them being exercised to when they are actually converted to shares. To that effect I would much rather have the shares in my possession than have to wait 2 weeks when the time comes.
Aber, to go back to your initial question. If the resulting stock was not an ISA qualifying investment then you would have 30 days to remove them from your ISA under HMRC rules. Plenty of time to place a sale at a price that works for you.
From HMRC website;
Where the new investments are qualifying investments, they can remain in a stocks and shares ISA.
Where the new investments are not qualifying investments, managers must, within 30 calendar days of the date on which they became non-qualifying investments, either:
sell them (in which case the proceeds can remain in the stocks and shares ISA)
transfer them to the investor to be held outside the ISA.
https://www.gov.uk/guidance/stocks-and-shares-investments-for-isa-managers
Cheers Mafuta, as many on here have previously stated there is some great research and commentary provided here which on face value goes right over my head. So its nice to try and give something back when I can. Thanks
If Sareum was subject to a takeover it would either be in one of two forms.
- Scheme of Arrangement under the Companies Act 2006
- Takeover
If the process was via the Scheme then a resolution would be proposed at a Special General Meeting with a required threshold of 75% of shares voted in favour (in addition to 50% of persons that vote also voting in favour). If it is successful it is legally binding on all holders not just those that voted in a particular direction, by the same token if it fails it is binding on all shareholders regardless of how they voted. Depending on your Broker you may/may not be notified of this vote taking place.
If this was subject to a takeover then there are various extra clauses, but in short every shareholder would be contacted (by your broker, or the registrar if you hold certificates) and will be presented with the options - this has to be done by law. Typically if the bidder receives 70% of the shares they can apply to delist the shares (by giving 2 weeks notice) and if they receive 90% of the shares they can apply to compulsory acquire the remaining 10%. Usually if they reach 70% they seek to delist which pushes the remaining shareholders to accept, it then domino effects past the 90% threshold.
Thankfully my 15 years in this area has paid off.... :)