George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
One doesn't loose the capital one put's in because it delists. You will always have your shares as long as the company exists and you decide to keep your shares.
There will be various ways of doing it, but most of the time companies set up some sort of dealing facility platform that you can sell your shares in. AJ Bells has such a platform. I presume they can also use that facility to pay dividends via your broker then.
I mean that is not a bad deal is it....
No, it's a delayed trade that went through. Real mid price is 67p at present
Well also decided to dip a toe in with just over 17000 shares at 69p.
I will say that I will be out at soon as it jumps a bit. This is a trade for me not an investment....
No1plasterer - you are already down 40%.....might need to average down.
But don't necessarily disagree with you, these always bounce once or twice before cancellation
I tell you one thing. At some point this is going to become a bargain....if you are willing to wait it out and try and sell on the new facility.....
Also what will happen with the dividend payments? Will it continue? As the last payment I see was around 11p. If you buy at around 50p and keep getting 11p yearly, that is not a bad little investment...A retirement fund :)
Unhooked, that would be brilliant if it could happen, and I guess if you have an investor that is willing to buy everyone's else out then it could happen. But in most cases I wouldn't think it will happen.
The problem is, that most Aim companies that keep going are lifestyle companies nowadays. So investors are getting clued up to this now.
The other side of this is the few decent companies on Aim like this one then struggle with investment and are normally not valued as they should be. So the value for them to be on Aim disappears. Have seen at least 4 companies leave Aim already this year, and that is only the ones I know about.
The regulators will have to do something about it at some point as otherwise Aim will disappear in a few years.
Well there you go.....
Maybe a white knight will buy up enough shares to keep it on.
I'm not invested here, just to make it clear.....but have some experience with Aim cancellations....
So the company today informed the market that a vote need to be cast in regards to the proposal. Normally they will need at least 75% of the votes to get it through. Unfortunately the market always reacts negatively to news such as this and it always wipes millions of the market cap.
The board must be confident that they will get the 75% otherwise they wouldn't have suggested the vote.
A lot of time they set up some sort of facility but it's never the same as a free market, and you do struggle to sell your shares as you effectively need to find someone willing to buy the exact number you are trying to sell for the price you are selling them for.....no market makers....
So your best chance of getting your value back in what to me looks like a good company is to hope for a no vote of more than 25%....
Like someone already mentioned, there is quite possibly a large background seller. So the MM's will know of this party wanting to sell their large holding. And to allow that to happen they let buys go through until the value of the big sell is covered......
We already had one TR1 yesterday of an II selling out. There might be more to follow.
Going strong again today, with a lot of buys coming in. I have made a little purchase myself this morning. I'm convinced there is a II buying in and hopefully some good new on the way as well (just speculating).
There is a huge amount of trades going through....and they do look like a lot of round numbers. Maybe an II?
Don't know the full history here yet but it seems to me like the trading today is massive against normal days. And I cant think that the Midas recommendation will the the only reason for that .
Interesting share. Looking at the news around looks like they are growing at a good pace. Definitely doing a bit more research here, with the idea of buying....
Ignore me: Read a few more RNS's....
I cant see the reason for the big drop? From the RNS yesterday it seems they are selling some assets and returning it as capital. But only £7m MC and the return of funds is more than that....but it's classed as B shares? Does that mean that if you buy normal shares your not eligible for the capital return?
What a way to scare of any buyers.....a massive spread. Why not bring the buy price down and create a bit of a market. We struggle with trades in the first place, with the spread as it is it will just deter any potential buyers even further....
A few buys coming in the last few days. Might be something happening, or not :). Lets see
Haven't had any update for ages so would be interesting to see where we are, and if there's been any development on the hydroponics side of things.