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Who holds my worthless shares now now the company is no longer listed . I believe there was a link on here sometime ago
Who holds my worthless Wres shares now
if we owned the mine( which was previously an operating gold mine in the past but had problems with the locals because of the use of cyanide but had I thought been granted a license to extract in a different way so may have still been viable) it would therefore still have been an asset with a value that could be sold to another co even a lease could have been sold but I do not remember seeing what was actually done with this. It does not from memory of the balance sheets of SOS appear in the assets. It may well have been worth nothing but it would normally say in the balance sheet notes this was sold ,the lease surrendered or whatever even if it was written off. I just wondered what they did with this
so the question remains ,what did they do with the gold mine?
The company Orogen gold acquired thread35 in Oct 2017 and changed its name to Sosandra. At that time ore either owned or leased a gold mine but I cannot see what happened to this. If it was only leased it may have been surrendered but if owned has this been sold. I don't recall seeing anywhere what happened to the gold mine
The previous Co was called oregan symbol ore and this company bought sos and changed its name to sos this was about 3 to 4 years ago and my shares were changed from ore to sos
Before SOS took over trading as a clothing retailer this company was in the mining sector and had a Gold mine either owned or leased . Does the company still have this or has it been sold or the lease lapsed as I have never seen any mention of this since the company changed its name to Sosander
What has happened to the gold mine owned /leased by this company when it was previously Ore
Why is everyone getting so uptight about the governments actions.
There is a time limit to leave the EU there is in fact no time limit to reach an agreement with Europe this can be done before or after we have left. The date we leave does not stop negotiations continuing
With the way the EU has been with us on Brexit i.e arrogant and intransient I for one and I know many others have changed their mind and would now vote to leave the EU if there was a new referendum. So if there was a new referendum what happens when the country votes to leave again? surely this will not necessarily change anything
Everything we have had from the EU in grants etc we paid for ourselves from our own contributions and we also contributed in addition to other EU countries grants etc
Its some years since I was involved in providing some of the figs used to calculate GDP from a number of industries but at that time the details requested effectively by the treasury bore no resemblance to what was required to calculate an accurate GDP however the government used the figures anyway. The treasury only asked for what would prove certain figures the government wanted to show regardless of whether these were all the values for an accurate picture. It may all have changed now and full and accurate figures may now being used?????
Surely if costs from EU are higher for parts uk prices will increase which in turn increases GDP. Also if goods from eu dearer more economic to make in UK so again GDP rises. Overall effect may be a lower GDP but unlikely to be anywhere near % shown
Also UK gov will be able to subsidise uk companies out of any tariffs on goods from eu
IMO At least we will be much better off with a no deal Brexit . UK can adjust vat relief to collect tariffs eg no relief given for eu imports( easily done by businesses when completing VAT returns) therefore no need for tariffs at borders and no delays on imports. EU can do what they like with our exports within WTO rules. Ireland do not want a border so they can do the same i.e adjust their VAT to collect equivalent tariffs rather than have border tariffs so therefore no border needed at all if they choose.UK can let in any agricultural workers or others that uk needs so no need for shortages of labour as we can specify who comes in, as we would control of thisFishing industry gains through less competitionUK will not have to pay EU so bigger grants can be made to farmers or industry than EU gives now.Imports from EU well exceed exports to them so exchequer gains and follows that UK can give higher VAT relief for exports to EU or reduce taxes overall.UK can alter its own legislation to counter any detrimental effects of leaving EUIf imports are dearer from EU we can either import from rest of world or create more uk manufacturers / producers again increasing jobsAirlines have already said there is an agreement that whether there is a deal or no deal there will be no changes.Nothing has been said yet that makes a no deal detrimental other than it may have a small affect on increasing prices in the short term.Just waiting for LLoyds to drop below 50p and I will buy more
The share price on LSE is now showing as 0.525 compared to open of 0.535 so down on the day 0.01 which is actually 1.87% down so I don't understand the change
Why do we need any EU import tariffs any way . Movement of all goods from the eu can easily be made on exactly the same basis as now with no tariffs and if we want to effectively tax eu imports i.e rather than using a tariff which may delay imports at borders just adjust the tax or VAT relief on UK businesses for goods imported from the EU when submitting their accounts eg only allow 97% of their purchase costs against their sales.( either VAT or Tax or both)
The only additional checks would then have to be made by the EU (if they wanted tariffs) on our exports but that would not involve us in any additional border staff other than for checking immigration
I would assume that as we have not heard that the mines have been sold that these will remain as assets in the balance sheet until disposed of
Whilst I know the company is no longer pursuing the mining side which was its core business previously as ORE does it still hold these assets and is it trying to sell them if it does. If not what has happened to them
I will be happy with my 3% return over only 3months. before selling as 1 bought this week for much less than 165 so I may even make a capital profit certainly on current figs even if this drops further
As I said I was giving an annualised APR which using the figure of 5/165 x 12/3 x 100% will be over 12 %. APR for the 3 months i.e over 1% a month which is a good return if the projected div for the next 12 months of 2.5p plus 5p is actually paid and also taken into account then the yield over the next 15 months will be 12.5p giving an APR of 12.5/165 x12/15 = 6% APR still well over double savings investment returns but this would depend on a static share price over this period and could be much higher or lower depending on the share movement
sorry should have said 12% equivalent annual yeild