Member Info for rfarfa

Perhaps I'm miss understanding something or having a senior moment, but why is the oil well notice board indicating Accumulate when this was the company set up to lease the Yukon Gold Prospect? And as said before I still think DW has given us a little clue , as they say you have to Speculate to Accumulate.

The subject is RNS and although registered with 88e to receive RNS I did not receive notification of an available RNS, up until the latest RNS I have always received notification of said RNS. Not receiving said notification of an RNS I was wondering if 88e had a problem with RNS notification.

I did not receive notification , of the latest RNS update is there a problem my end or 88e's. any input will be very much appreciated.

I did not receive notification , of the latest RNS update is there a problem my end or 88e's. any input will be very much appreciated.

Pleased that you still have your shares, indicating that you intend to hold, if not held under the ISA umberell, might I suggest that you shelter the investment within an ISA, due to the the long term protential of this investment. H&L will or any broker should be able to Bed and ISA the shares H&L only charge for the sale not the repurchase Annual fee is £50 maximum, and you have the market makers spread to take into account ( you pay more for your repurchase of the shares than you received from the sale), but this is a small price to pay, for the non tax investment. Kind regards Robert

engaged brain! to be holding warrants, your amara investment was not sold, but the Perseus offer for your shares was accepted, with the number of shares and warrants indicated earlier. the link is uplifted from the Perseus website and explains what transpired. http://www.perseusmining.com.au/aurora/assets/user_content/2016%20May%2025%20Amara%20shareholders.pdf hope this helps.

working out your amara share holding from your warant holding you must have held 66000 shares, giving you 44880 perseus shares and 22440 warrants. As said reading the Perseus website will explain the work arround so that your broker could still hold the shares until the decision will be made on whether Perseus will list on the LSE. In any event HSBC should not have sold your shares without your instruction to do so, unless they have been given instructions by you for one of their fund managers sole dicretion to manage your portfolio.

something gone wrong!!! Perseus are considering listing on the LSE with a 12 month window to do so, and they set up a work arround so that the shares could still be held in ISA's etc until the decision is made. If they do not list on the LSE then the shares will be converted to normal Perseus shares and listed on the AUS stock exchange. Full details have been posted on this chat, but will be a pain to find, so visit the perseus website for full details.

yes the warrant gives you the right to buy further perseus shares at a cost of 44 aus cents per share irrespective of the share price at the time of excercise. so at last close of market you would be paying 44 cents for something worth 55 cents. You problem of your shares not showing could be that perseus shares at present are not listed on the LSE, and as such the are heldy

Your perseus shares should be showing with your broker at the current value, H&L for whatever reason use the Toronto stock exchange price converted to stirling, seeing that Perseus are a Australian company and if you excersise your warrants to full paid up shares, this transaction has to be carried out in Aus$, so make no sense to me. The 22440 figure suggests to me this is your Warrant holding not the number of fully paid up shares that you own. If you search the Perseus website you will find will find that they provided individual warrant holder with all the information and registered you, so that you could exersise your warrants. Further more you have indicated that your investment was long term, might I suggest that if not already held within an ISA, that you protect your investment from the tax man by bed and ISA' ing your investment , due to the fact that this share could be the goose that lays the golden egg.

The perseus shares closed at 55 Aus cents today, you received approx. .66 of a perseus share for 1 Amara share. and warrants with a 3 year life enabling you to purchase/ excersie the warrants for 44 cents per share during that time frame, so you are in the money.

well its only my interpritation of the situation. This is a long term play as was Amara, the only difference now is that Perseus have raise capital which along with the income from their exsisting mines means that they could have sufficent funds to bring the Amara mine into production, and if all Amara's numbers stack up then the goose will lay the golden egg.

well excercising your warrants at this time with the rate of exchange will be a costly excersise.

H&L show the share value in my account but 0 for warrant value, that is because the warrants as I understand it are not tradeable they have been issued in the shareholders name and only they can excercise them. The strange thing is that for whatever reason H&L quote the value of the holding in Canadian.$. which does not make any sense to me, bearing in mind that Perseus shares are an AUS. company, and the Warrants can only be excercised and paid for in AUS.$

another phone call today from H&L offering the opportunity to excercise my warrants and shelter the resultant shares within my ISA, questions did not result in me being any wiser, as surely at this point in time it is past the HMRC time limit for holding the warrants under the ISA umberella.

johnson36 all the information you need is on the Perseus website.

No money I'm afraid, but your did receive perseus shares plus perseus warrants with a 3 year life enabling you to excercise your warrants for fully paid up shares at a cost of 44 Aus. cents per share.

surely this rights issue only being available to Aus. and Nz. shareholders is discriminating against, in the main against Ex- Amara shareholders?

Hi tomamara, sorry for the delay, I have tried a dummy run online with H&L trying to sell Perseus shares and comes up not available online. I'm puzzled as I knew nothing about the 1:10 rights issue, I would have thought that H&L would have notified me, that said I'm coming to the coclusion that perhaps it is time I considered parting company. I purchased Amara shares, for my Great Gandson held within his ISA allowance, and the correspondence to his online account reference the warrants saga was totally different to the rest of the familys correspondence.

tomamara Unsure as I'm in for the long haul, however the T D Waterhouse question has been raised on here, and Katherine Sutton indicated a work arround/ solution to the problem, a search here should find the answer. Engaging brain I think she sent me an email covering this subject. I'II post it. If I or my Grandson have not deleted it.