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I just received the following form my broker:
Red Emperor Resources has announced details of a proposed delisting from AIM. This means that the shares will stop trading on the stock exchange.
The company intends to cancel its admission to trading with effect from 19 May 2021. You may continue to buy and sell shares up until this date.
It is currently intended that re-admission to trading on AIM for the enlarged entity will then be sought as soon as practicable (targeting July 2021) following successful completion of the proposed acquisition of Northern Palladium Pty Ltd and capital raising on the ASX in order to restore the enlarged entity's dual listing at the earliest opportunity.
The UK Depositary Interest facility will not be terminated. DI holders who wish to have shares issued to them on the Australian share register, can request the withdrawal of their DI?s. The shares will then be tradeable on the ASX.
To view the announcement in full, please copy the link below and paste into your web browser:
https://www.londonstockexchange.com/news-article/RMP/director-appointments-notice-of-aim-cancellation/14943662
ISA holders should note that following the delisting, the shares will no longer be ISA eligible. Any ISA-holders who have not sold or otherwise moved their shares by the delisting date must transfer the holding out of their ISA within 30 days of cancellation.
SIPP holders should note that unlisted shares are not SIPP eligible. Unlisted shares will be displayed within your portfolio at cost and will not be revalued except where this is required in relation to their holding within a registered pension scheme, i.e. at benefit crystallisation events, reviews and pension transfers (subject to change). In these circumstances, it may prove difficult to value the unlisted shares and, should this be the case, we reserve the right to commission a valuation and charge your SIPP for it.
There may be a limited market or no market at all in the ineligible shares following the cancellation, and sales may require the use of specialist market makers. We accept no liability for the illiquidity of the unlisted shares and reserve the right to pass on any charges we incur in their sale.
What does everyone think about the proposed consolidation of shares at the forthcoming General Meeting on 24 May?
It is certainly a little more positive than where we were a week ago! Full details are here: https://tinyurl.com/c4ypezt3
GLA
... has fallen >12% in pre-trading. Hopefully a lot of people will be buying at the reduced price. Good luck everyone :-)
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Thank you Shoeston for the idea, I have sent to Jeremy Vine at the BBC.
You can also contact Nick Ferrari at LBC using the following link: https://www.lbc.co.uk/radio/presenters/nick-ferrari/
Below is the email I sent, which you can copy and paste or adapt yourself.
Dear Nick,
Are you aware UK co called pharm2farm, has created and had approved covid killing masks made from nano particles of copper.
Would it be possible to research this and perhaps cover it on your show?
Below is a link to the LSE where the company released data to the stock market about these new masks.
The company is currently installing capacity to produce 5 million per week.
Hope you can pick this story up.
https://www.londonstockexchange.com/news-article/RMS/en14683-certification-commissioning-update/14837652
Yours sincerely
What price is everyone planning to sell at?
I'm £1.20
What are your thoughts on the takeover extension by RM Special Holdings 3 LLC and the miserly £0.155 they're offering to buy your shares?
https://www.redxpharma.com/app/uploads/2020/04/15i-Offer-document.pdf
I read this too. Will be huge if the product makes it to market. (Redx will receive up to a further US$360m in milestones plus royalties). Current value ~£88m - you do the maths.
I'm one of the lucky ones. Bought at 2.8. Have a limit sale in for 20p.
That's all the work on my house paid for hopefully!
What SP does everyone think this will get to at its max?
How high does everyone think the SP could go?
Agreed. But as always, the key is knowing when to sell and not being too greedy.
I've put a stop loss in it 10p, although it could go way above this!
Just bought more at 5.47
Happy days ahead!! :-)
How high does everyone think RMP SP will go? I think sell at 10. What do you think?
You going to hang on that long? I think to sell at 5
How high does everyone think Red Emperor could go?