Member Info for redindi

I'm sorry I thought your previous post was a 'letting off of steam'. As far as aware if a director were to 'encourage' you to take up your rights by anonymously posting on such a board certain regulatory bodies would not be happy although in this country, the uk, I don't think there is an Ombudsman who looks into this sort of incident although I'm sure the London Stock Exchange would point you in the right direction. However, as far as I recall people including me, either said they were or were not taking up their rights. Assuming the share price was to increase somewhat, would that also mean there was a case against them? In my particular case, I invested after reading an article by Tom Bulford (like a number of us I suspect) and doing my own research, which I hope you also did. I am, at present down about 75% but was also up at 1 time about 75% but declined to take the profit which was my choice. Bottom line, by taking up my rights it reduces my average and then it can go either way. If the Lincs deal goes ahead and/or a uranium deal is announced the value will go up by multiples or if neither happens the company is history, along with my money (including the rights issue money) and that in a nutshell is investing. As I'm sure you know we all have a choice and win or lose that is investing. GLA

"Due course"??? How about 'due diligence' by Lincs? Surely that was done prior to the offer or failing that completed within the time since?? Very odd, would appreciate more clarity and please don't give me the 'confidential' blurb.......obviously there is still some interest so how about more 'expenses'??

I have indicated that I will take up the 'rights', let's hope good news follows. Maybe this might move it up a bit?? http://www.bbc.co.uk/news/world-asia-28322558

I've just received my notice of the rights issue. It gives a deadline of 12.00 on 22/07 to accept all or part ( or not) so given the 21/07 deadline for the Lincs deal there is just enough time to take that into consideration!!

Maybe, maybe not. Lincs has been extended to 21/07, the rights end date appears to be either 21st or 24th. But either way, does not leave much time for consideration!!!

Depends on how you hold your shares. Most nowadays hold them electronically. If so, when WHE advise your 'broker' the broker should email you with the rights issue listed in your portfolio as such. Then you have to pay for them by a set date...whether you subscribe to the rights issue is a personal choice. As per myself, that would be a lot clearer if the deal with Lincs went through. Although WHE should have enough money to conclude any uranium deal prior to shutting up shop without the Lincs shares IF the rights issue was well subscribed to. But then considering WHE assessed the UCG assets at $30 million and have not yet got $4 million, are they ever likely to get a buyer or partner for the uranium assets (and how much) and how long do on-going discussions go on???? All investments in shares or assets contain a certain amount of risk. My take is this is very high risk but as the price is so low , my personal further risk would be about £1,400 which to me is a small gamble in order to 'recover' my total outlay and more hopefully. But as I said it's most definitely a personal choice. GLA (we need it!!)

'As the Offer is non-renounceable, the rights cannot be transferred or sold.' Once the shares are listed they can be sold as per normal, but obviously you cannot sell/transfer the rights to the new shares prior to their issue!!

1.50 that should be!!

Just did a dummy sell of 10,000 and was offered 1.85! Some difference from 1.85!!