Amara Share Discussion Threads

[amargosa] 01/12/2020 10:49

Anyone with EQI on here just received a letter from them about selling the DIs by 18 Dec?

[amargosa] 22/7/2019 20:39

Not really; I have DIs in my Selftrade account and was told if I exercised my warrants they would be converted to DIs and added to my existing DIs. You must have opted to receive actual shares 3 years ago, perhaps because your broker would accept them at the time.

Still don't see why they just don't add the new shares to your existing pile.

[rogsim] 22/7/2019 09:57

This is a bit of a long shot, as I’m not sure that anyone reads this board anymore.

I paid for my PRU warrants and they are held as Depository Interests with Computershare in Australia. My main PRU shares are held in an account with ii but they will not allow a transfer in. Calls to many other brokers bring the same response (unless I pay a fee of a minimum of £500).

Does anyone out there have any advice? Martin Bosboom of PRU seems to be surprised that I have a difficulty.

[amargosa] 10/4/2019 18:29

Rogsim, sounds like a sensible way forward. There are a couple of addition things to consider - the exchange rate and the mining permit; if the Ivorian government were to decide to issue it on 16 April, there might be a healthy boost to the share price in time for a last-minute gamble with the warrants.

[rogsim] 10/4/2019 16:01

amargosa

Being faced with the same quandary that you present, I opted for the strategy of exercising two thirds of my warrants and I will allow the other third to lapse.

[amargosa] 10/4/2019 08:32

Decision time for warrants; still lots outstanding, so not everyone is convinced. I guess the question is if the price is being held back because of the warrants or artificially pumped up to encourage take up - if it is the latter, they haven't put enough air in it.

[goldrush] 11/3/2019 07:48

Decent volume as well....over 3.8 m traded...strengthening gold price will definitely help here.

[darcon] 11/3/2019 05:49

Hefty rise on ASX today. Warrants now marginally in the money. I would want to see a further material rise from here before exercising though

[darcon] 04/3/2019 14:50

Agreed x2!!

[amargosa] 04/3/2019 13:33

Well, that's pretty much it for the warrants - 3 years on and no progress in terms of the share price. I would have wanted to see a significant and sustained rise above the exercise price before jumping in; I think we are past that now with only a month or so to go.

[amargosa] 26/5/2018 22:11

DIs are discretionary interests - if you look in your account at the PRU entry it should specify if they are DIs or shares. If I recall correctly, Amara shareholders were given the option of receiving actual PRU shares (if you were able to trade them) or DIs, which could be held in your ISA in a UK nominee account. You might want to check the take over document for the specifics or contact the Company, who may be able to advise you further. You would also have been issed with some warrants at the same time, exercisable up to Apr 2019 @ 44 cents. I've been informed by my broker that if i exercise them they will be converted into DIs and added to those I already have.

Additionally, PRU is still considering a London listing; if they were to do this before next April, the DIs will be automatically converted into LSE listed PRU shares, which any UK broker could deal with.

[amchugh] 25/5/2018 20:07

Thanks amargosa what are DIs, is just what ever I received from the take over of Amara, I just took it they were the shares.

Cheers

[amargosa] 24/5/2018 19:23

Just been asked if i want to exercise my PRU warrants; PRU share price is still only the same price as the exercise price, so not this time. Won't be that many more opportunities though.

Amchugh - I hold DIs in my selftrade ISA account and can trade them on the TSX. If you hold actual PRU shares, as apposed to DIs, and Halifax allows you to trade on the ASX, then I don't see the issue. Perhaps Halifax don't allow trading on the ASX, but then you should have been issued with DIs instead when the takeover occurred.

[amchugh] 23/5/2018 13:45

Hi I currently hold my Persus mining shares in a halifax share dealing isa account and I have just been informed by them that the only way to sell them is to transfer them to another broker. Has anyone else had this problem and which broker did you use to sell them.

cheers

[rogsim] 16/4/2018 16:19

Looks as though Perseus are making good progress:

[amargosa] 02/3/2018 10:01

Yep, it's all interesting stuff; let's hope something happens long before the warrants run out. PRU is still on probation, another couple of quarters maybe see some credibility returning and a stronger, more stable share price. Of note is the drop in the shorts - got to be a positive.

[darcon] 01/3/2018 14:32

See the following article for more idle speculation. Although Lundin’s first priority is a base metals project they also mention they are looking at gold projects and note that the market for M&A in the gold sector may pick up in next two years:

[amargosa] 01/3/2018 14:10

Update for those that are interested. There is no positive news as yet on a London listing so the Company is going to extend the DIs for another year - takes the pressure off me at least.

On another, speculative, note I see Acacia Mining is sick of Tanzania; I wonder if they ditch their assets there and decide to gobble up a company somewhere 'safer'. Just idle speculation I know, but Perseus is still a sitting duck with 500k oz production on the cards in the next few years........bwtfdik

[amargosa] 27/2/2018 16:38

Any of you guys out there hold PRU shares in their broker accounts - I hold DIs in my seldtrade account but if the company cancels the DIs in April and issues shares I'll need transfer to a broker that can trade on the ASX instead. That is unless the company decides to list on the LSE - I've asked them if they will but received no reply.

[darcon] 15/1/2018 02:03

Yes. It’s looking good. We still need the update on Edikan though...

[amargosa] 14/1/2018 22:27

Maybe it'll be sooner than we think - they need to get the share price up (and stay there - 70+) so that there will be a steady stream of money into the company coffers from the warrants before April next year.

Good RNS today!

[selkirk69] 18/12/2017 16:36

Don't think I'll be exercising just yet, maybe next year lol