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North River Share Discussion Threads
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|One of the other issues (for those that continue to hold) is that many will be holding their shares through a nominee account of their investment platform, so short of periodically checking NRRP's website it may take a while to learn of any developments. That, of course, assumes that NRRP bother to keep the PIs informed, and it was pretty rubbish at doing that even when it was listed on AIM.|
|Thanks YTIt would be good if you could still contribute to the board, should there be any news later on the year I imagine a lot of people will cease to contribute when it delists. However would appreciate the main posters contributing should they hear anything|
|Carter, with my record of AIM-listed disasters it's probably best not to take any investment advice from me. I have a small holding in Eqtec (EQT) which was expected to go ballistic at any moment but for whatever reason there is a persistent seller so I'm starting to get a little bit concerned. Interim results are due out next week so it could easily go one way or the other!!|
|Hi SteveThanks for replying mateI wish you all the best, my loss is peanuts compared to some of you guys, I really do feel for you and more importantly thought this was a great project Please let me know what else you are looking at, it's time to take another punt maybe ?GL|
|I sold out to take back almost 2% of my overall investment, as I don't believe remaining holders will ever hear from this lot again. That's just my opinion, so I wouldn't advise anyone either way. The best of luck if you're still in, though I don't feel the same way towards the management.|
|Hi Steve. Thanks for all your updates mate along with YT and the other experienced postersI take it you haven't sold and if so is there a slim chance that this may become something ??Cheers|
|I think you should send the RNS and the history to your MP so they know the sort of thing that goes on.|
|Thanks YT for the advice retaining shares|
|I take Small Company Share Watch. I did an exercise last summer and looked at all their recommendations from the previous year. Virtually all had gone down, even though their published list looked good, and a relative who put me on to them said he had made a lot of money! So, watch that basket!
I'm in RED, PHE, JOUL, KDR, FOX, PHTM, GBG, DNLM, TRCS, and KNOS at the moment, and am thinking about EMH and TERN.
Also, in Canada, VIV, and ENA.
May see you on other boards.
Good luck all, especially YT who has put in a vast amount of work following the ins and outs of this mine.
well, I've got say commiserations to all shareholders here..
It was a risk with greenstone owning 75% of the total equity here.. however considering the free float.. what greenstone could of done was buy out the existing equity stake which really even @ 10p-15p per share would work out a miniscule sum..
This is one of the major problems on the AIM market..
This effectively condemns long term holders for providing support to the company..
Wish you all the best..
ps.. those that have lost vast sums of money.. and have gone through difficult times.. commiserations.. with one of my stocks many years ago I was up £500k.. profit only to see it disappear..|
|I do like that option, receive dividends.|
|"What happens if you do not Give away your shares?If you are still holding on to them once the stock is delisted, you would continue to be a shareholder, receive dividends and retain the right to cast votes at shareholder meetings. If you want to unload shares after the delisting, you can do so by giving them to promoters within one year from the date of delisting. As per regulation, the promoters are required to accept the shares given away at the same price at which the delisting took place.
However, after one year, you would be stuck with the shares and have few options to get rid of them. Rarely do firms relist shares after delisting, in which case you can trade them in the secondary market."
|Thx Ged, its rather infuriating though for longtermers to not get any reward after all the effort involved, its even more annoying to know that those that walked off into the sunset a long time ago are better off financially.
However next time you make a decent profit on anything....
Next time you start to go a little under on an investment and it starts to drift...
In terms of ADVFN shares, I havent got any money & I am not following small stocks, punting on oil and gas or mining I have had a bit of a gutful ! >:o(
It seems obvious to me that out of favour FTSE sectors is the way to go or FTSE 100 companies with any big bets, I hated seeing older people put many of their savings into small stocks like on AIM and then seeing their cash decimated. Shocking !
Im on private message anytime.
|Thanks Ged : YTCan you tell me what happens if I leave the shares and it delists at the end of March ??|
I was so sorry to read yesterday's announcement. When Martin brought this back from the dead I thought it had a real chance of succeeding.
It was at this time I really enjoyed your esoteric posts and I felt privileged to converse with you. It was you who attracted other very intelligent, educated posters, who gradually posted relevant information.
It was you steve who posted the list of mining applications in Namibia. When I read the length of time some applications had been waiting I decided it was time to leave.
There are possibly some decent people in the financial industry but I fear there are too many trying to grab our money and are anything but decent.
The only company I recommended here is now suspended and will be lucky to come back under the same owership. $1.5 billion worth of in-ground diamonds and the company screwed up by poor management. I managed to get out at a large loss but preserved some capital.
That capital has now grown. Two companies doubled in share price and my present largest holding is up 50% with much further to go imo. So don't give up. From my experience, carter, I would take the capital, research carefully, buy wisely and make your money back.
On a final note please don't leave the bulletin boards. You YT and several others on here have too much to offer.
Good luck all and my very best wishes. Hope our paths cross again soon.|
|NB : I noticed that some of the other AIM I have had the misfortune to encounter are going nowhere or the same way, small but minimal satisfaction !! >:o(
Good Luck folks.
|Thanks for the comprehensive summary Steve, a very accurate reflection as to what has taken place the last few years.We ve not heard from YT yet, I wonder what he will make of the announcement?I personally have not lost as much as many, however I am reluctant to sell and will see what happens.Can anyone advise me on what will happen to the shares if still holding, come the departure from AIMThanks|