The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I wouldn't worry, if you were a shareholder on the 12 June you will get your offer soon. I'm sure every broker will just take a few days or so to get thru it all and out to the qualifying shareholders. As someone previously said it is valid until the 1stJuly, so unless you haven't received it by the end on June, I would just sit back and relax and work out if you are going to accept or not.
This may be the case for share placing, but you are ENTITLED to an open offer IF you were a shareholder on the 12 June. I have received my corporate notice today from my broker. As I said before, you are entitled to 7 shares for every 16 you owned on the 12 June. My reply has to be back by the 29 June, as I think the shares are only allocated sometime in July. I can apply for more shares over my allowance but I very much doubt I will get any.
As far as I can see, if you owned shares on 12 June, you qualify for the open offer. I read that it is 7 shares to be offered for every 16 owned. So just under half of what you own on 12 June will be your offer amount at the 1.10 price....
Please anyone correct me if I am wrong or have mis-read the info.
Regards
As you can see in recent events, owning shares can be a huge loss. If you are a new investor maybe buying ETF's or tracker fund for the long term would be a good option. Owning a fund spreads the risk of loss (although at the moment everything in is loss) At least you own a fund of shares instead of putting all your eggs in one basket like PDL. In my opinion, I am looking to sell off anything I have in profit and hold the cash.... I think there may be another drop to come for the markets worldwide. Everything is so volatile at the moment.
I admit defeat!! I have sold out everything.... massive loss as I am sure everyone else will have too. Lets chalk this up to experience and move on. I am now going only to invest in funds as these shares are very uncertain in these very uncertain times. Oofffpphhh.…. what a day.
MTFB have never been the best at keeping us informed... so what's new. I guess we will just have to be patient. Lets hope the news will be good!
There is now a golden cross on the week share charts!! Hurrah.
I have just bought in today for the 1st time at 1330hrs.... this must be the quickest I have lost money if the 0.19 is true value!! I think I am going to sell all mu shares and stick to funds from now on... my poor heart cant stand the shock of 85% drop!!
I'm hopefull - just purchased another 100,000 shares
Sorry, I thought that was the whole point of a BB was for grown ups to discuss our thoughts and opinions on a share, not just to be arrogant to people you don't even know. As you were only born in 1999, I guess that explains it.
Anyone know why it has risen today? Or just a lot of people coincidentally buying?
I assume that all shares issued means the 'pot amount' If not all the shares have been bought then there will still be ones in the pot. I don't think the volume bought in a day has to be less than the volume sold in a day. But I don't know?! :-)
I have just bought some more to average down a bit.....
I am in this until it goes pop or boom! Once you have sold, then you are in loss, at least this way it is just on paper.
They have passed stage 3 trails and have spent millions on getting it this far, i cant think they will just give up. The share price cant go much lower so lets hope for any sort of rise in the near future.
In for a penny.....I'm just going to stick it out as well as you never know what's around the corner. In this game, some positive news can raise the share price in a flash and we can claw back a bit of the money lost. All those years of research, millions spent and completed trials can't just be thrown away? As someone previously said, its not lost until you sell at a loss as you still own the same amount of shares. Hang tight...
Tried to buy some more but cant place order due to market volatility....typical!
Not sure, but I have used it to purchase some more at 8.28.....
Hope it rises before closing, the same as it did yesterday.
You have to be in it to win it!