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Https://twitter.com/StockBoxMedia/status/1760923366754533874?t=fFdImPczAU2Ob1N3trrXmA&s=19
Guys can someone kindly help me understand the following email i got for another holding ive had for years but been in the dumps.
Apologies its a sidetrack from glr but i really appreciate it.
What has happened?
Ascent Resources Plc has announced a bonus issue of stock. Under the terms of the bonus issue, shareholders at the close of business on 15 February 2024 will receive 1 new unlisted preference share for every 1 ordinary share held. This unlisted preference share gives the holder an entitlement to the economic interest in 49% of any net proceeds relating to an Energy Charter Treaty claim (ECT claim) in the event of a successful claim outcome.
The company have not announced a date on which the new shares are expected to be credited.
The bonus issue is subject to shareholder approval at an general meeting (GM) on 4 March 2024.
Colin tweet
https://twitter.com/ColinBirdMining/status/1759235971449512375?t=lgBPionCSUXYViL1KkHpvQ&s=19
Https://twitter.com/StockBoxMedia/status/1758460488868868342?t=SMuJecp4J6kNcYI_yhhnHg&s=19
I follow Charles for a while, seems a good chap but he is seriously getting a reputations of becoming " a ramper/deramper" to suite his motives. This not my personal opinion but many boards starting to see a pattern with him... so just be careful but any general write up can't be that harmful to the general/honest investor.
Goodluck all.
Https://twitter.com/StockBoxMedia/status/1755910200765067340?t=WMQ8UwjNGR0nSYx508BZvg&s=19
A very good explanation
https://thatstocksguy.substack.com/p/prem-the-mineral-resource-update