Member Info for KevTheRed

The answer to your question is no. I spoke to TDW on Monday. They also told me there will be a charge of £65 to cross-border my Perseus Shares so that I can trade them on the Canadian Market (not the Australian Market). If Perseus decide to list in the UK the charge will not be necessary. I have emailed Perseus Mining to find out their intentions. Can't wait forever though as I am sitting on a substantial profit since the Perseus shares increased in value. May decide to pay the charge so I can trade.

I believe they can be sold straight away. If I find out any different I will let you know.

Hi Daccas, My broker has told me that the warrants should show up in my TD Waterhouse account within the next couple of weeks. They also told me that to exercise my warrants: - 1. The funds need to be in my account. I will be getting 18190 warrants which I can exercise at 44 Australian cents anytime in the 3 years from the merger date (by April 2019). To acquire the additional 18190 Perseus Mining shares it will cost me AUS$8003 which is just over £4,000. 2. I will need to telephone my broker with a verbal instruction to exercise the warrants. I will then receive my 18190 Perseus Mining Shares once the process is complete. At today's closing price of 0.59 cents, the additional shares would be worth AUS$10732, £5547, a profit of over £1500. The shares were at 0.66 cents per share one day last week but have drifted back slightly. I intend to keep my Perseus shares for the time being, plus the additional ones I will acquire with the warrants. I have read on a few Australian sites that Perseus shares should be re-rated now the merger with Amara has gone through. Many gold experts are also predicting a rise in the price of gold, which should help further. I don't have any experience of selling actual warrants, so I can't help you there.

It's good news so far Bridgenut. I originally held 53,500 shares in Amara and my broker, TD Waterhouse, informed me on Friday that my account will show my Perseus Mining Shares (36,380) and warrants (18190) within the next 14 days. I will then be able to exercise my warrants. I intend exercising the 18190 warrants and selling the additional shares I receive from these warrants immediately (for a 50% profit as things stand). I'll hold the other 36380 shares and see how things pan out but I already have a substantial profit on these 36380 shares. Let's hope for a continued rise.

If you don't sell and get Perseus shares, you will need to check with your broker to see if you can sell Aussie shares through them. If not you'll need to use a broker that does. How many Amara shares do you have? If it's a small number and you are already in profit, then you may wish to sell now.

I can trade Perseus shares through my broker, TD Waterhouse, so I have decided to wait. I will be getting the same value in Perseus shares as the current value of my Amara shares so effectively the warrants are a bonus. I think that once the merger is complete, Perseus shares will eventually re-rate because of the enlarged size of the group and the mine the business will acquire at Yaoure. So hopefully when I exercise my warrants (and I can do this through TDW as well) I will be able to buy Perseus shares at 0.44c at any time in the 3 years after the merger. Hopefully the share price will be higher than the current 0.44c level. I will qualify for over 18,000 warrants so for me it is worth waiting.

I spoke to my broker, TD Waterhouse, this morning and completed an online form which will enable me to trade Perseus shares through TDW after the merger. They will be held in my normal trading account. TDW told me that they are one of the UK brokers who can trade in Australian equities. It seems that some brokers do not offer this service. I have decided to hold the Amara shares I hold (53,000) and await my Perseus shares and the warrants (about 18,000). TDW also told me that I can exercise my warrants by telephoning them with a verbal instruction at any time in the 3 years after the merger. The warrants cannot be exercised online. If Perseus shares increase in value in the 3 years after merger I will still be able to buy them at AUD0.44. Of course, it could go the other way!

The trading update issued on 5 June stated 'Zhang Congming (Executive Chairman), as a shareholder of the Company, has elected to receive his dividend under the Scrip Dividend arrangements as he considers Camkids' share price to be fundamentally undervalued and not reflective of the confidence he has in the future of the Company'. Says it all really - this looks significantly undervalued and I purchased 2500 late afternoon at 54.5p. GL to all holders.

You do not know the financial position of the directors. They might not have available funds to invest here so you should not jump to any conclusions based on the fact that they haven't bought recently.

Would be nice to see some director buys here for a bit of confidence. Looking solid but I am a little concerned, in view of the good results, that the share price has hardly moved upwards. I agree that there should be a gradual rise to at least the 80-90p region but it wouldn't surprise me if this doesn't happen. Recent large sales may be holding this back. Time will tell.

Thanks for the reply. I think you are right, particularly as the trading update was recent. I'll certainly watch this closely over the next few weeks. I'd like to buy some more here but I'm heavily into TYM at the moment so don't have available funds. Fingers crossed here for next week. GL.

I sold out too early on NBU first time around. It's strange the way some of these shares behave. Are you at all concerned about those rather large sells on CAMK this afternoon?

Camkids has been mentioned on here and a You Tube video is attached for anyone interested. I've bought back in there today and still hold here. http://www.youtube.com/watch?feature=player_detailpage&v=Cf-dJeZE3iU

The website says April 2014 for the results but no specific date. With regards to the shares, at 11 March 2014, 75,427,629 shares were in issue. 66.29% are not in public hands. as 50,000,000 are owned by the Executive Chairman, Mr Zhang Congming, through Starbeams Group Ltd. The next largest shareholders are Fortune United Capital with 3,695,954 and Kai Xing Ltd, with 3,017105 (both less than 5%). There is a company video on YouTube http://www.youtube.com/watch?feature=player_detailpage&v=Cf-dJeZE3iU

Please explain why you think this company is a fraud. I have visited China and this company is definitely trading. I invested about 9 months ago and received a cash dividend on 18 December 2013, as an alternative to a scrip dividend. Please give us a little more information.

Bought my 6000 back today @ 59.78p so fingers crossed now for good results. Thought the results were next Tuesday or Wednesday but I can't remember where I read it. I'll check.

Strange movement here recently. Bought 6000 @ 63p last Friday and sold yesterday @73p, now it's back down to 61p?? Anyone invested here should take a look at Naibu Global (NBU), a Chinese sports, shoe and leisure clothing business. This was tipped in City Confidential a few months back at 85p. It subsequently went down to 56p (I bought at 68p), then shot up to over 90p in a short period and has now retreated to 73p. I sold in the mid 70s, unfortunately a bit too early. I intend buying back into Camkids tomorrow and will buy NBU again if it goes back to the 60s. Not expecting any bad news from Camkids and I think the only way is up from here.

This share was recommended in last week's City Confidential as a 'buy ahead of results', stating that, at 62p, it is on a very attractive valuation. Positive points are 1.) A strong balance sheet 2.) A low rating of just 2x and 3.) An attractive prospective yield of 8.5%. Cash balance at year end expected to be about £30m.

My purchase of 6000 @ 63.15p has shown up as a sell. Suspect the other sells around this level are buys as well.

I've moved out today and into TYM. Seems to be where the action will be in the next few weeks. Just see the bulletin board.