PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Looks like a done deal.
Prob at 29p.
But do you think there's possibility of pre-completion divi ?
May as well go up in multiples of say 50p instead of 5p
Correct.
But as others have said, rules are complicated, but basically you can only use the £60m losses if
a) the company makes £60m of profit over time..
b)the profits are from the same course/type of business as where the losses incurred
He mentioned something about UK vs non-UK issuer I think.
Which doesn't make sense to me.
QFI is UK issuer so would have thought disclosure needed when crossed 4%, 3% etc.
So, either I've misunderstood (quite possible). Or someone has messed up and not disclosed.
Either way the outcome is the same - Premier Miton out.
Agreed. Minimal holdings if any now.
I also don't understand why TR1 was never issued.
Thanks.
But if you look carefully don't think either of those are up to date.
Basing my comment on a tool that shows more up to date info.
Miton were materially out very soon after the msc agreement was signed end of July.
Don't know about CG
No TR1 but Canaccord Genuity & Premier Miton now below 3% according to QFI website...
Joint session from MSC and QFI at 13.20 from Geneva.
Would love to be in the room.
Here's hoping for an announcement Monday or at the very least some enhanced publicity.
Yep
Volume has just dried up.
Which is depressing. You can buy cheaper now than before the msc framework agreement was announced.
Agreed - did he not also say that the actual trial was very short? A week from memory.
Higher exercise price would have been nice but with all three projects still very much live I don't think we can complain too much.
At least this wasn't announced pre MSC framework agreement!
I agree with you, but patience is being tested whilst we await official confirmation....
Following your logic and with some rough and ready calcs based on volume over last 5 days and volume over last few months, I do believe they must be close to being fully out.
Thanks both.
Makes sense.
Like others have said wider point is there is an opportunity to buy in at circa £20m.
TR1 just doesn't seen to be coming though does it Haggis.
Dustofnations made a good point about wider II base that are sub 3% potentially selling.
Still, given the volume, (think its biggest for years over 5 day period), I'm amazed we haven't seen TR1
I'm expecting a notification by the end of the week latest as per below. I'll be confused if there isn't one.
1) Shareholder must notify AIM company as soon as possible and within two trading days (DTR 5.8.3R)
2) AIM company must notify market by the end of the third trading day after notification (DTR 5.9.1R).
Understand your thinking Wonga.
But I just don't think there's been sufficient volume of people buying in historically at 2p.
Guess we'll see soon.