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"You are receiving this email as you have previously requested an update on the company." Also received email, since I had been in correspondence with Tim a couple of times between Nov - April.
Aidan, I've with you on this. Anyhow the impatient got an update. I wonder which 'recognised market' we'll relist on? Shall look forward to hopefully a positive result in the New Year.
Robblertwo, the time it is taking is tedious and seeing other opportunities come and go, hard. Never mind the debate with my better half!
Have you met him? I have. I believe they are trying to work with factors currently beyond their control, with an RTO target in mind. Now, if that is the case, then try and put yourself in the BODs shoes. However, if you think they are currently running around wasting money, then that is your opinion. It is not mine.
I suspect the BOD are being held up by factors beyond their control, either to do with the target company, or perhaps regulators. They will be facing challenges themselves and are probably even more frustrated than we are! Try and put yourselves in their shoes, if that is the case..... Updating shareholders costs money, holding a meeting costs more money. Now to what end? What decision would you make if you were them? Keeping us too well informed might put at risk the RTO? I am very sure that Allan would inform us if the RTO had failed. No news is good news. By all means set up a private group, 'Telegram' seems to work, but please try and be patient and not take a course of action that might in any way jeopardise the work the BOD may have done, or upset the target organisation.
This share is delisted, so I can say this. My father sadly passed away last year. He held some shares, (still in probate). I hold some shares and my mother holds shares - probably... enough to call a meeting. I am not going to. "The key is, we haven't been told there hasn't been progress or that it has been kicked completely." I for one believe that it is the case that things are being held up by factors outside the BOD's control. What is it you/we wish to achieve by calling a meeting? Is there a result that you/we all think would add better upside for us shareholders, better value, other than being patient? I am pretty sure that the BOD will update and notify us if and when the RTO has no likelyhood of proceeding.
Hi Neilin, I can not see how calling a general meeting will achieve anything? The action is not going to bring the RTO to a conclusion any quicker and will only cost money to organise. I am, like you, frustrated. BOU by value, at the time, was my largest holding when it was suspended. They have not told us that the RTO has failed. I understand that the BOD are trying to get this done. We just have to be patient and we will be updated, as soon as they can let us know.
Here's to an interesting, enjoyable and hopefully very successful journey over the next couple of years.
There is a shareholder under this company; Ricky Kevin Robinson, Pure Ice Ltd registered at 20-22 Wenlock Road, London, N1 7GU, incorporated 14th Jan 2020.
No expected cash raise over next two years. The funds raised now will be used for a drilling programme. Numerous drill logs will aid the understanding of the geologic formations, as this emerges reports/feasability studies will be issued and hopefully reserves, resource estimates will be updated, which should fuel the share price. With luck proving up resources in a target/s similar to Haile.
https://www.miningdataonline.com/reports/Haile_2017_FS.pdf
Managed to pick up just under 167,000, in five tranches, at 3p in ISA, so will be interesting to see where it goes. Holding in ISA was consolidated, now not, so all over the place.
On Barclays shows up at a price of "0.3250p" and that you can only buy.
BOU for me too and it was my largest holding at the time! At least SNT (to be Health Destinations plc) on its way back, along with the new Lexington Gold! :-)
Will be interesting to see the up and coming admission document. Capital value of SNT pre RTO around £9m, £45m raised, gives about £55m. If Edi Truell has raised £130m, then what are the underlying Ptarmigan assets worth once the RTO is complete? What might the new Mkt Cap of Health Destinations plc be, upon the return to the market, with is it 15m shares in issue?
10:1 consolidation :- 50,000 shares.
Perhaps, 10% of a "$1 Bn dollar chain of European Spas" valuation to company, maybe higher? Fingers crossed that RTO goes through successfully in coming weeks.
Unfortunately not! Looks like it is near parity, from when share price was suspended. However good news is funding includes the drilling programme for two years. Hopefully there will be regular resource updates once drilling commences.
the Company is proposing a share capital consolidation at a ratio of 10:1. the Company has conditionally raised, in aggregate, approximately £3.33 million (before expenses) via the proposed issue of i) 84,625,476 New Common Shares pursuant to the placing (the "Placing Shares") at a price of 2.75 pence per New Common Share (the "Placing Price") and (ii) 36,363,636 New Common Shares (the "Subscription Shares") pursuant to the subscription at the Placing Price (together, the "Fundraising"). The net proceeds of the Fundraising will be utilised to fund the initial cash consideration in respect of the Acquisition and the enlarged group's planned initial two year work programme and requisite working capital requirements.
"The Company notes the article in yesterday's Mail on Sunday regarding the potential acquisition of Ptarmigan Health Destinations SA. The Company can confirm that negotiations are still ongoing and further details will be announced in due course."
Once you have held a share that was IHT qualifying, then you can sell it and purchase a different share that is also qualifying. I think there is a two in five rule, that in any five years if you have held IHT shares, then that capital remains IHT free. Take advice on that aspect.