focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Why is it "Shocking"? After all this has been on the cards ever since the 1st April. It's not a surprise so is not "Shocking"
This article queries the value of Georgia to RMP. http://www.shareprophets.advfn.com/views/5107/red-emperor-resources-trouble-in-georgia
Has only been listed for 2 years and it's already had 3 placings!! Some kind of record? LOL. First placing at 55p. The next at 24p. Now another at 10p. 5p for the next? LOL. Well we had some good updates in February. A cynic would say they were issued to push up the sp just so as to get the placing away. The fate of this company depends on the next generation of units because it seems they are unable to generate a profit on the current ones. I'm afraid this company has been a complete and utter financial disaster. How the previous CEO could issue an RNS on the 30/1/13, one month after the financial year end and say the results would exceed expectations beggars belief. No wonder the BoD removed him!!
"Magpie, Looneytune, if there was an iota of hope I'd be screaming it from the rooftops but there isn't. Over the early years they consistently produced extremely positive RNSs. When the share price began to fall the RNSs became even more positive. When the sp plummeted they were more positive again" You are talking about the previous management, Kev4!!!! Your comments apply to Hind and Hodgson. Barskiy has only been in charge of the company for 2 years. Could you post the "even more positive" RNS's issued by Barskiy as the sp plummeted. To be quite honest, Kev, you don't sound that bright. PS. I don't hold MATRA by the way. However if I did I wouldn't be worried. After all the majority of O&G explorers currently still listed on AIM have been very, very, poor investments.
"I cannot believe how aim or financial authorities can allow this to happen" Why not? AIM is only a market for trading shares after all. If a company doesn't abide by it's rules and regulations, as MATRA wont, it gets booted off of AIM. It's as simple as that. After all AIM's only recourse to punish a company that doesn't bide by it's rules and regulations is to de-list it. After all AIM is just a market for trading shares. With regard to the financial authorities MATRA haven't broken any UK company law. In fact it hasn't broken any UK laws so what can the financial authorities do? NOTHING!!
BBB. That Dyson on Jenkins is NOT the vacuum cleaner company founded by the famous and very successful inventor and entrprenaur, James Dyson, but a cash strapped Stoke on Trent based refractory maker that is going through a really rocky patch and had to de-list because of financial problems. A word of advice. Don't take things at face value just because you recognise the name. Always delve deeper.
Well at the moment you can do nothing with your shares because trading in MTA shares is suspended. When they are de-listed (presumably they will be) you might (I stress might) be able to sell them via J P Jenkins if you can find a buyer. However the price you get is likely to be very poor. You will have to wait and see. I suspect the vast majority of MTA shareholders will continue to hold and hope for a good price when (and if) MTA re-lists in the future, or it is taken over.
Yes I jumped the gun with fossil. In my haste to reply I missed the cfd. Yes, it does look like he could be wiped out when MATRA de-lists. AIM shares are risky enough without making it much, much, more risky by using cfd's. They are more suited for FTSE100 and 250 companies, not the likes of AIM listed shares like MATRA
Read the latest RNS's!! That will answer your questions.
"My broker tells me when they are de-listed they will be valued at zero and my position cancelled .This can't be right feel like I'm being ripped off" YOUR BROKER SAYS THEY WILL BE ZERO VALUED, BY HIM, ONLY BECAUSE THEY WILL NOT BE LISTED ON A RECOGNISED STOCK EXCHANGE. That does NOT mean your MATRA shares will have no value. The UK has an awful lot of private, unlisted, companies with shareholders. Because these companies are unlisted does not mean the shares have no value. It's just that it's almost impossible to sell them unless they list on a recognised exchange in future (or if someone makes an offer for the company). MATRA have said they intend to list again the future. When and if they do is unknown. It looks like you will be stuck with your shares until they re-list on a stock exchange, BUT IT'S FOOLISH AND IGNORANT OF YOU TO SAY THEY WILL HAVE NO VALUE WHEN THEY DE-LIST!!
"yes - we are shareholders. but they are going to de-list those shares...so we won't be shareholders after that." Why are you posting such utter NONSENSE? There are an awful lot of private, unlisted, companies. There are a lot more private, unlisted, companies than there are companies listed on the AIM market. Some of these private, unlisted, companies will, no doubt list on AIM in the future. Are you saying that the shareholders in these private, unlisted, companies don't exist? Are you saying that they will only become shareholders when the companies list on AIM? Because that's what it sounds like. Strewth, give me strength!! You do get some extremely ill informed posters on these bb's!!
"yes - we are shareholders. but they are going to de-list those shares...so we won't be shareholders after that.! DON'T BE SILLY, mline!!!! Of course you will still be a shareholder in MATRA after it de-lists. You might have great difficulty in selling them on Jenkins and even if you can then you might get a very poor price for them, BUT BELIEVE ME, YOU ARE STILL A MATRA SHAREHOLDER!!
That's why the sp has been weak recently. Those in the know were selling. Those taking part in the placing (and those who were asked to participate and did not) knew what was coming. AIM never changes!! There are those in the know and mug PI's. However the shares look to be worth accumulating at this price. Growth prospects look to be good, though who can ever tell what the future holds?
jason. MATRA have the money, NOT Barskiy. How you think otherwise completely baffles me. Barskiy has circa 15% of MATRA shares as do Alltech. Plus Tricon have a very big chunk. MATRA may de-list from AIM, but they are still covered by UK Company Law. You state: "35 mill now trousered by MB and for what outlay". Word of warning. Be careful what you post. You are accusing MB of fraud. He could sue you for writing that if he was so inclined.
I imagine that if MATRA re registered in another country it would be subject to that country's company law? MATRA would be still subjected to International law and PI's would still have recourse to the UK Courts. That was the case, after all, when Boris Berezovsky unsuccessfully sued Abramovitch in an English court even though the company in question was domiciled in Russia. I should imagine any company that bought the stakes of Barskiy, Alltech and Tricon would want (and have) to make the same offer to the other PI's. I cant imagine the company law of any Country allowing anything that different from UK company law.
FTjournalist states: "A reply and acknowledgment of this email would be much appreciated and also an answer to my question concerning shareholder protection after delisting . I am sure that the small shareholders of which there are many can count on your looking after their interests and ensuring that the correct procedure has been followed and will be after the inevitable delisting ." Why would the AIM regulator be in the slightest bit interested in MATRA after it de-lists from AIM?? I can think of no reason why they should be. After all AIM is only a Market place for the trading of shares. MATRA de-listing from AIM is similar to a stallholder leaving Smithfield Meat Market. Once that stallholder leaves the Market he is not covered anymore by the specific Smithfield Meat Market rules and regulations and the Smithfield authorities will have no further interest in him. FTjournalist is sadly delusioned, I'm afraid.
This is what I posted on the advfn bb to FTjournalist. ultrapunch 14 Apr'14 - 13:08 - 7600 of 7600 0 0 edit Give it a rest, Ft journalist. The AIM regulator will not be interested. Why? Well AIM is only a Market. It has rules and regulations, but Barskiy and MATRA have broken NONE of those rules and regulations. When MATRA de-lists AIM will have no further interest in MATRA. Why? Because AIM is just a market for trading shares. When MATRA de-lists it will not be covered by any AIM rules, regulations and restrictions. IT WILL HOWEVER STILL BE COVERED BY UK COMPANY LAW. You are wasting your time. MATRA have broken NO UK Company Law by first being suspending from AIM and then proposing it de-lists from AIM.
"You know more than me of course, but can you seriously think that they are so desperate to get rid they would except anything and that anything 'could' be just .20p" READ my post again, BBB. You would see then that I said I DON'T believe that anyone will be able to buy MATRA shares on Jenkins at 0.2p.
Can you explain your post, Jason, since I don't understand your logic?
0.2p would value MTA at just £3.87m. That would be an ABSOLETE STEAL. The bargain of the year, IMO. The extra US$10m MTA are receiving will mean that MTA has cash left over after completing the Texan purchase. PS. I don't believe anybody will be so lucky as to pick up MTA shares at just 0.2p on Jenkins.