Member Info for SmartPunter

Bit difficult as orders are probably filled by the market makers

if you bought something that doesn't exist you will get a refund.

and the right to be very ****ed off

The broker allowed a person to sell shares they didn't possess. Upon settlement date, no shares to transfer.

The trades will be cancelled, selling shares you don't have is invalid.

Might be due compensation from them

Eights weeks....

https://docs.londonstockexchange.com/sites/default/files/documents/n0117.pdf

Forward selling is off market isn't it?

Https://www.sharesoc.org/blog/regulations-and-law/forward-selling-a-crime-against-shareholders/

The most direct thing is that a share seller has refused to hand over the shares after selling them.

Why or how is unknown.

Many times?

Point me other instances where rulll 5000 was invoked, I'd like to see the outcome.

Why are you quoting rule 1510?

This a very specific issue.

Rule 5000 (Obligation to settle) and its associated guidance places an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date. This obligation remains even if the reason for non-settlement is a customer or counterparty having failed to settle other transactions in the same security.

How could the shareholders or BoD expected this to happen? Has this happened before?

Or doubled the investment/cost

Lynas cancelled the new plant in Texas?

Scientists say they have discovered the largest lithium deposit in the world inside an extinct volcano in the United States, capable of meeting global battery demand for decades.

Volcanologists and geologists reported evidence of the McDermitt caldera on the border of Nevada and Oregon containing up to 120 million tonnes of lithium, holding the potential to disrupt the price and supply dynamics of lithium globally.

Mining could begin as early as 2026, according to geologists at Lithium Americas Corporation, who made the discovery alongside GNS Science and Oregon State University.

https://www.independent.co.uk/tech/lithium-volcano-battery-electric-cars-b2409045.html

Thacker Pass is in the middle of the biggest lithium deposit on the planet. 3x the previous biggest, in Bolivia.

That's a funny one, but it predates the IRA subsidy situation.

Https://www.google.com/amp/s/www.marketwatch.com/amp/story/rainbow-rare-earths-strikes-deal-to-supply-eu-us-8b297b57

Yes, that was expected to be the first RNS.

Albert Slot, LCM’s managing director, added: "LCM occupies a unique position in the rare earth pipeline as it is the only company in the Western world commercially producing both the highly specialised strip-cast alloys and all of the required rare earth metals needed for the production of the highest-performance neodymium iron boron magnets.

“Furthermore, LCM's expertise in the commercial production of neodymium metal and neodymium praseodymium alloy is unique in the Western world”.