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I’m waiting to see if II will transfer into trading account from ISA and confirm that they will keep there. I think you only transfer when you want to sell. The downside is it can take three months for the auction to complete. I’m not sure yet what the actual process is.
I have had email from Asset Match. They say II are set up to deal with them but only to sell. Hope that helps.
I will post reply from I I when I get it. Can take up to 5 days for them to reply.
I think there will be a £20 charge to transfer and Asset Match charge 3% of gross proceeds.
I have emailed Interactive Investor to ask if they can operate with Asset Match. Will post reply when I get it.
Scratch Golfer
For your info from II
TRI-STAR RESOURCES ORD GBP0.05
Event Type De-Listing
Effective date: 10th December 2020
Market affected: Alternative Investment Market (AIM)
Trading restrictions: The last day we will be supporting trading will be 7th December 2020
Tri-Star Resources plc has announced its intention to cancel its listing of Ordinary shares from trading on AIM. This is expected to become effective on 10th December 2020 at 07:00am.
As the shares will no longer be trading on a supported stock exchange you may choose to sell your holding prior to our last day of trading, listed above, or transfer your holding to another broker.
If you do not wish to sell or transfer, following the delisting we will endeavour to provide you with a share certificate in relation to your holding, should one be issued by the company in the future.
ISA Customers
Due to restrictions imposed on ISA accounts, unlisted shares are not considered a qualifying investment. Certificates received in respect of ISA accounts will no longer be held within the tax efficient wrapper so will lose any tax benefits.
SIPP, Pension Trading Account, and Junior ISA customers
Unlisted shares are not considered a qualifying investment for these accounts and withdrawals are not permitted from these products. Consequently, holders may wish to liquidate any holdings prior to a delisting becoming effective.
Based on your calculation that 24% = £48m. 16% = £32m / 95m shares = 33.6 p per share !!!!!
Lionheart
Are you aware that Wassatt sadly departed us last year.
Lionheart
A sad day for all us old timers. Many fallen by the wayside. I opted out in August at a loss of £8k. Put the funds in EUA and pulled the loss back. I bought back in last week at 2.2. And am happy to hold at that. When the sp gets to 10p I will have recovered my loss. I am happy to wait for the liquidation event or dividends along the way. If this goes T!TS (only the LTHs will understand that) up l can stand that.
Note to Admin.
I hope this Board will remain open for us to continue to exchange views.
At the last AGM I discussed a buyout with a Director to be told it was not his intention to do so. I hope nothing has changed his mind.
Its not for everyone, but in Jan 2020 I calculated that shares at full production would be worth 68p, this was for 40%, we now have 16.3% = 27.71p. Other than delisting there has been nothing to erode the assets of TSTR, don't forget we also have a sizeable antimony prospect in Canada which is valued at NIL in the books and cost £3.3m. I would anticipate that once SPMP are in full production dividends will be paid which may be more than todays SP. Delisting is a Ball ache but really is an opportunity that I am more than happy to take.
Does your mum still hold the shares? If not she won't need the info. I lost a lot of my contacts but i have found your dads mobile ending 539, but can't find yours. Th email I have is w******p*****@-----.com
Wassattjunior,
Do you still monitor your dads email, I have something to send you?
I'm using II