It has to be approved by the Courts first. See RNS of 23rd May:
"Following the passing of resolution 9 in relation to the capital reduction process, the Company confirms that it will progress, subject to formal approval from the Court, the cancellation of the Company's share premium account which currently stands at approximately £12.28 million. It is currently expected that the hearing by the Court to confirm this capital reduction will take place on 2 July 2024 and that the capital reduction will become effective on 3 July 2024."
Sparky,
While I usually agree with you on most matters I would like to offer my opinion here. If you look at the Final Results RNS of 19th March 2024 you will find a comprehensive (imo) Current Trading and Outlook section; this was less than 3 months ago. If you compare Trading Update dates for the similar period in 2023 (31st May and 25th July) I suggest that the company have a little while to go before they might be considered to be negligent in keeping shareholders / stakeholders informed. Personally I believe the current weakness in the share price is more to do with MMs playing games; if I could predict the ups and downs of this share I would be more than happy to operate a buy/sell/buy system, but It's too risky for me. I will continue to hold; there are a few more 'bags' left from the current share price before I intend selling.
If you scroll down the link in the last comment you will find the following (dated 16th December): (In case anybody is confused, Barari DV is effectively ALL.)
https://citinewsroom.com/2023/12/weve-not-given-barari-dv-10-year-tax-holiday-minerals-commission-ceo/
0.68 AUD
+0.055 (8.87%)today
3 Jan, 16:10 GMT+11 • Disclaimer
He hasn't tried. All his shares, both in the US and UK, were bought before suspension.
Ok, just reread the Whatsapp message. Do a Google search on 'RBMTF stock'. Note the price is in US dollars. I hope it's 2022 :).
0.0904+0.0746 (+472.47%)
At close: December 9 03:56PM EST
A reliable friend in the US who trades in RMM. He sent me a Whatsapp link showing the new position, just haven't found a way to put it on here yet.
Whoops. The link I just posted was dated 2015. Sorry. I still can't find anything on the suspension being lifted.
This should help:
https://ca.investing.com/news/stock-market-news/brief-rambler-metals-has-entered-into-definitive-agreement-to-buy-thundermin-66021
I have been told that the stock is now trading again (at least in Canada) and it is higher than the suspension price! No news yet over in the UK as far as I can see.
I hold shares in GRL and have been disturbed by recent BB comments. So, I decided to have another look at the 30th September RNS on interim results. I've picked out two paragraphs (1. and 2. below) that seem to support the 'negative comments' about the BOD of this company, at least in terms of keeping to timelines. I'm not sure how other folk interpret the phrase 'a couple of weeks' but it certainly is shorter than 9 weeks, which is where we currently are. If any of the BOD read these comments I, for one, support previous comments like ..... pull your finger out and start managing properly.
1. GoldStone continues to focus on resource expansion, and subsequent conversion to mineable resources requiring additional geotechnical drilling which has been undertaken within the first two pits, which subject to the results and subsequent permitting, The results from the geotechnical drilling have been received from ALS Certified Laboratory and analysis and modelling are currently being undertaken and will be announced shortly by the Company.
2. GoldStone has also undertaken grade control drilling for the third pit within the Homase Mine to determine the pit planning and to potentially expand the mineable resource inventory. The results of the drilling have been received and the modelling of this third pit is currently underway a press release on this will follow in the next few weeks.
Posted a minute or so ago on BBC News.
Energy supplier Octopus Energy is to buy its smaller competitor Bulb, after the UK government approved a deal.
Bulb collapsed last year after rising gas and electricity prices, and has since been run by the government.
Its 1.5 million customers will not experience "any change or disruption to their energy supplies", the government said.
The deal is expected to be completed by next month.
Unlucky: the reply from Barclays that I posted here was in response to a personal 'email chat' with the Barclays Chatroom (from February) so I don't think there will be anything for you to find. Just a matter of waiting. Ian
I received the following from Barclays on the 6th June (although only found it several weeks later). Should answer your query.
"I'm pleased to tell you we've received the physical share certificates but our team are still working on reconciling the shares before they are able to close the position and allocate them to you. The work is on-going at the moment and I'm sorry there's no indication when this is expected to be complete, which I appreciate isn't ideal. Rest assured we will provide an update when this reconciliation piece is dealt with. "
Thanks for your continued patience in this matter and I hope for more news in the near future. If you need anything further, please do come back to chat or give us a call on 0800 279 3667. "
Ian
My reading of the 30th May RNS is that 15 million shares will be admitted to the market on Monday 6th June, approx. 0.5% of the (new) total number of shares in the company; so not worth worrying about. And JLP will receive about £0.7 million pounds in return.
There was a tweet this morning around 9 a.m. from Anthony Viljoen (CEO) about an interview with ZaksTradersCafe where Lithium on new licence was mentioned. Perhaps that was it????
I thought I would have a look at the CLN reference in the 7th December RNS; it is lost in section 5. (very near the bottom of that RNS). Sounded pretty definite then, even though a bit vague. Now Caracal say "As a result of the funding announced today, the Company will not be proceeding with the previously announced convertible as announced in the RNS dated 7 December 2022." Fair enough. But I do agree that management's ability to communicate clearly is totally rubbish and somebody should get their act together. This is especially poor as GCAT is not an AIM company but is listed on the main market. I hope they are better at mining and producing gold than they are at communicating!
Currently at 58c, equivalent to about 43/44p, up 4.5% on the day (so far). Augurs well for tomorrow.
From 2nd November 3Q operations update: "Ongoing optimisation of the gold processing plant to achieve steady state throughput of +700 tpd is progressing according to plan and is on schedule to achieve monthly gold production rate of 1,000oz at the end of Q4"
From 20 January Q1 2022 presentation: "Current status and plan is to utilise pre-screening and crushing
circuits (in process) to achieve planned medium-term 1,000ozpm gold production".
Note timelines for 1000oz production - jumping from end Q4 to medium term; not even short-term. Have I missed something in another post?