Member Info for rfarfa

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.

alan80, unless things have changed my understanding is that you have 3 years from the takeover date to excersise your warrants, and H&L indicated it takes time to process so not to leave it until the sell by date/last minute. And reference playing games I agree as H&L were offering the opportunity to do so after the Noon 27th deadline. As said it was a very strange 20 minute telephone conversation, leaving me with the impression, what are they worried about? Am i asking questions that are raising concern. perhaps the question needs to be addressed to HMRC.

alan80, did you get a response from Perseus, its just that today I received a phone call from H&L, full of apologies, and offering me the opertunity to take option 1, enabling me to excersise my Warrants and hold the resultant shares within the ISA wrapper. I did not fully understand all that was said, but get the distinct impression after mentioning that it is against HMIC rules, they were giving me verbal crap.

alan80, did you get a response from Perseus, its just that today I received a phone call from H&L, full of apologies, and offering me the opertunity to take option 1, enabling me to excersise my Warrants and hold the resultant shares within the ISA wrapper. I did not fully understand all that was said, but get the distinct impression after mentioning that it is against HMIC rules, they were giving me verbal crap.

Thurs day sent another email from my online H&L account asking a further question and copying my original question still no answer, alan80 are we asking questions that they do not want to answer for some reason, it makes one wonder. As does why Kath Sutton has parted company with Perseus?

Engaged brain, but forgot to request that any imput would be very much appreciated.

Because L&H are as yet refusing to answer my questions, concerning excercising the Warrants by Noon on the 27th June, and they having informed a client that if this option is not executed, then excersing the Warrants at a later it will be neccessary to Bed & ISA the resultant shares to hold them in an ISA, at obviously a greater expense. Now engaged brain, so find enclosed said correspondence. Unlisted Warrants in Perseus Mining Ltd in your Vantage Stocks & Shares ISA. Each Warrant can be converted into One Perseus Mining Share by paying the exercise price of AUD0.44 per Share until expiry in April 2019. Important Information for ISA holders Please note that Unlisted Warrants are not a Qualifying ISA Investment under HMRC Regulations and as such must be removed from your Vantage Stocks & Shares ISA. You have two options available to you: Option 1 – Exercise your warrants. If you wish to exercise your Warrants now you may do so and can retain the resulting Shares within your ISA. To exercise your full holding and receive 42,754 new Shares would cost you AUD 18,811.76. We will debit your account with the Sterling equivalent, subject to the prevailing exchange rate at that time and standard currency service fees. As such, we cannot confirm the exact amount in Sterling that will be debited from your account. Please ensure you have sufficient funds available within your Vantage Stocks & Shares ISA to cover your purchase before giving an election. If you wish to exercise your Warrants within your ISA you must give us an instruction before noon on Monday 27 June 2016. You can give an instruction to exercise your Warrants online by clicking on your Vantage Stocks & Shares ISA in the ‘My Accounts’ section of our website. Please select the Dark Blue Corporate Actions Icon alongside your Perseus Mining Warrants and follow the instructions provided. Please note that your Unlisted Warrants are currently held directly on the Australian Share Register. If you elect to exercise your Warrants we will be required to post an instruction to Australia on your behalf, which will be done shortly after 27 June 2016. The resulting new Shares will initially be issued on the Australian Register, after which we will need to move the Shares into the UK Settlement System, Crest, before you will be able to trade them. As such we cannot confirm the exact date that you will receive and be able to trade the resulting Shares, but anticipate the entire exercise process will take in excess of 4 weeks. Option 2 – Re-register your holding into a Vantage Fund & Share Account. If you do not wish to exercise your Warrants at this time you may transfer them, free of charge, to a Vantage Fund & Share Account. You will be able to exercise your Warrants within the Vantage Fund & Share Account at a later date. If you do not have an active Vantage Fund & Share Account you may open one online or our Helpdesk should, in mos

Hi, Alan80, I believe you correct in your assumption, L&H have informed holders of Warrants that they can be excersised by the 27th June, and the resulting shares can be held within their ISA, which is a contradictionof what we were told during the takeover period. ie Unlisted Warrants are not a Qualifying ISA Investment under HMRC Regulations. Indeed in view of the fact that L&H also stated that the Perseus Shares could be valueless, which no doubt was the reason vast numbers of small investers bailed out many at a loss, just confirms to me that all that went/is going on with this take over stinks. As Katherine Sutton definately gone,? its just that I recently recieved an email from her, with her mobile number and indicating she is now Head of Perseus Customer Relati0ns

If you intend to hold onto your share for what hopefully is the goose that lays the golden egg then it is pointless converting the warrants into fully paid up shares until just before the end of the warrant conversion date. Invest the money needed to convert the warrants until needed. Hopefully 3 years down the line Amara's mine should be well on the way to, if not producing gold and Perseus share price should be reflecting this.

As time passes with these shares and the merger or whatever you wish to call it, i'm becoming more and more confused what with Hargreaves Lansdown telling me that the Dls shares could be unsaleable and therefore worthless. Have I read and misunderstood what Preseus have stated about the warrants, my understanding is that they are issued in a persons name, and the only that person can convert the warrants to shares in accordance with the their layed down procedure of conversion. So how can the warrants be traded?

sparkyboy1 could you please indicate exactly what Amara said as, in respect of Sipp's HL state that you cannot, they also warn that if you use the proceedure offered by Perseus that if they do not list on the LSE your shares could be worthless. A bold /stupid statement if indeed incorrect coming from such a high profile financial institution. I hope that you were given the correct information in this saga, as one who is hanging on trying to find a work arround to hold on to these shares. Oh the warrants have to be transferred out of an ISA within 30 days, so to get them back under the ISA umberella you need to excersise the warrants and then Bed and ISA the shares ie sell and buy back into an ISA.

Subject line say's it all, as it appears that many small investors have already bailed out. But I do think that any of us still holding should be asking the question why Amara did not protect it's small investors by stipulating that a condition of sale was that Perseus listed on the LSE. In response to my asking Mr Jeff Quartermaine if he intends to list on the LSE, the response was we will have to wait and see.

well I have just recieved information from H&L reference my amara holding within the ISA wrapper. One I do not fully understand all of what they have to say. But basically I think we have been dumped on from a great height. They warn that due to the procedures that will have to be followed to accept the offer could mean that you can end up with shares that you will not be able to sell. In any event the warrants cannot be held within your ISA. I would have thought that Amara would have ensured that its small shareholders many of which like me, knew it was a very long term investment, and insisted as part of the deal that the Perseus shares be listed on the LSE.

Can anyone kindly give the difinitive answer as to what is going to happen, or should I be saying what is the best way forward for shares held within an ISA. When my great grandson was born I used his Isa allowance, to purchase Amara shares hoping that his education would be taken care of.

Thanks Greg this is the input that I took the trouble to signed up for.

That signing up to this site would be informative, and give me an informed insight into share trading, not the crap being posted of late. Oh and as I for one has need to often use a dictionary perhaps the site would benefit from a spell checker. Then all the children can stop throwing all their toys out of the pram, and get back to Amara Mining chat.

Hi we all have to start learning at sometime and on Friday I demonstrated that fact . Yes I had obviously hit the button to accept the deal, my excuse I had a senior moment . Can someone please explain why I paid the highest price for the purchase on Friday when trades within seconds of my trade were much cheaper.