Member Info for knicol46

good mover once starts

scope to rise on few buys

from 6pm 2 September 2016

http://www.google.co.uk/finance?q=LON%3AMAC&ei=D2HFV6n4Gc3AUMn4kLgN

based on last years release date

just a final read of what happened

In May 2014 Perth-based Forte Energy agreed to take over the Slovakian uranium assets of European Uranium Resources (EUU)* based in Canada through a share issue. This was not approved, so Forte agreed to pay $4 million in cash and farm-in for a 50% share in EUU subsidiaries, Ludovika Energy and Ludovika Mining, which operate in Slovakia. The cash was paid in October 2014, and Forte then needed to spend $350,000 pa over ten years to complete the deal. However, in October 2015 Forte terminated the agreement and forfeited its 50% interest in the two companies to EUU due to the government failure to renew exploration licences. EUU was investigating the Kuriskova and Novoveska Huta uranium deposits as well as other uranium exploration targets in the Slovak Carpathian uranium belt in the east of the country. Kuriskova is about 15 km northwest of Kosice, and Novoveska Huta is about 50 km west of it, near S****ka Nova Ves. Both have potential molybdenum and rare earths by-products. EUU in 2012 signed an agreement in principle with the Ministry of Economy for mining development to proceed. In April 2015 Ludovika Energy applied to extend the exploration licence for Kuriskova, but the Environment Ministry denied this. Ludovika Energy then applied for rare earths exploration licences over the Kuriskova deposit. EUU and Ludovika undertook legal action against the Environment Ministry regarding non-extension of the uranium permits, and expected compensation on the basis that more than €25 million had been invested in the project. EUU then agreed with a Slovak party to take over all operations, retaining a 25% stake in any financial compensation from legal proceedings. A regional court dismissed the lawsuit in June 2016. In May 2016 EUU changed its name to Azarga Metals Corp. and focused on a Russian copper-silver project.

from Australia zone will be piling into the new BOS GLobal from Tuesday

The significant shareholders will be wanting to see a decent return on their investments held starting at 8p

imagine management started diluting on day 2 (or day one lol)

new stock generally do ok on first few days of trading will see how the new BOS global develops. WRN managed it - 3p to 200p in less than a week (skint and zero assets) so anything possible

I reckon the new opening price will be 8.1p and will increase on day one

only the 42.5m (85%) consideration stock come into play @ 8p the 7.5m (15%) come in at the consolidated price (closing price x2992) the market ultimately will decide the new opening price on Tuesday

FTE is consolidating existing stock to reduce it to 7.5m at a 1:2992 consolidation BOS Global are adding on consideration stock at a fixed price of 8p

* around 35 mins remain of trading * shares to be consolidated from 22.4 billion to a more manageable 7.5m * shareholders receive 1 new for 2992 old * share price will consolidate to same value based on closing price today x2992 * 42.5m BOS Global stock to be added into pot @ 8p

any long term holders still in play? Anyone still holding at the 1p+ share price days?

to make profit and see a vastly higher sp in say just 6 months time. Anything possible.. WRN opened 3p and rocketed to 200p with only 25m shares in issue - their skint and have no assets!

...

Assuming the meeting Fri 10am is voted in favour of the resolutions FTE stock will be consolidated from 22.4bn to a more manageable 7.5m. Existing shareholders will receive 1 new for every 2992 old (disregard fractions). The share price will also consolidate x2992 (based on closing price on 30 Aug) On the 31 Aug 0800 the new shares get admitted to trading. Also on the same date 42.5m BOS global consideration shares will be added to the new pot @ at fixed 8p.

At the forthcoming AGM, in addition to normal business, resolutions will be proposed relating to a reduction in the Company's capital. If approved by shareholders and by the court, the Company intends to: cancel its deferred shares; cancel its share premium account; and reduce the nominal value of each ordinary share from 1p to 0.8p. If implemented, the capital reduction would result in an amount of £3,260,237 being credited to the Company's profit and loss account thereby eliminating the accumulated deficit of £3,165,667 and resulting in a reserve of £94,570. This proposed capital reduction will not change the number of ordinary shares in issue nor any rights attaching to ordinary shares; its aim is to remove a restriction on the Company's ability to make dividend payments in the future.