Pure Gold Mining Share Discussion Threads

[orange1] 18/1/2016 14:26

163p per share - see above.

[djsdanny] 18/1/2016 14:09

Money still not arrived at Barclays.

Was the payment 31.67 per share?

[puffintickler] 15/1/2016 16:49

Money not arrived yet but my Broker says it has.

The next question is what to do with it?

I aim to reinvest, but probably not in aim. Bom Bom.

[alan@bj] 15/1/2016 13:13

Mine's in now as well.

[roscodagama] 15/1/2016 07:38

Nothing with TD Direct also.

[edit] now received 163p.

[hutch_pod] 14/1/2016 14:03

Yes, I'm also with HL and it's arrived

[alan@bj] 14/1/2016 13:38

Just checked - mine hasn't yet turned up at TD Direct.

[deepe] 14/1/2016 12:48

Just got the dosh in my HL ISA.

[sharpshare] 14/1/2016 09:08

Initial 163p to be sent to shareholders on 13 Jan 2016.

see www.purewafer.com

"Distribution Update from Joint Liquidators

I refer to the Circular dated 11 December 2015 (‘the Circular’) in which the Directors indicated that, at that date, they anticipated a first distribution of 167 pence per share would be made on or around 11 January 2016.

Please note that the distribution will be sent out to shareholders on 13 January 2016 and will be a distribution of 163 pence per share. It was noted in the Circular that the amount of any distribution was subject to a number of factors, one of which was the agreement of tax computations. In the event, tax clearance on a particular matter has not yet been forthcoming and so the Joint Liquidators are retaining a provision against that which has resulted in a reduced first distribution of 163p.

It should be noted that this is a provision only and that it is anticipated that in due course tax clearance will be obtained and that the Joint Liquidators will be in a position to release this provision and distribute this sum to shareholders in accordance with the circular.

Please note there was a slight delay in making the distribution which was caused by the Company’s bankers needing to obtain certain clearances in order to execute the transfer of funds to the registrar.


The Company was placed into members’ voluntary liquidation on 7 January 2016 and Derek Hyslop and Samantha Keen were appointed Joint Liquidators."

[hutch_pod] 12/1/2016 10:56

No problem Alan, will do.

[alan@bj] 12/1/2016 10:34

Me neither. I'd be grateful if you could post when it turns up Hutch. I'll do likewise.

[alan@bj] 12/1/2016 09:18

Anyone received the first distribution yet?

[alan@bj] 07/1/2016 13:59

Sorry, my mistake - I had a note the delisting would take place tomorrow and, spooked by the earlier RNS, wondered if there was a hitch at the 11th hour. Should have re-read the circular before posting.

[eezymunny] 07/1/2016 09:58

"A Circular containing a notice convening the General Meeting for the purposes of, inter alia, approving the AIM Cancellation, the Liquidation and the appointment of the Joint Liquidators to be held at the offices of Blake Morgan LLP, Bradley Court, Park Place, Cardiff CF10 3DP at 10 a.m. on 7 January 2016 will be posted to Shareholders today."

All as expected so far alan. Shares not tradeable going forwards. Just have to wait for the liquidation proceeds, assuming meeting goes as expected. Shares were always going to be suspended today IIRC.

[alan@bj] 07/1/2016 09:38

Anyone got a view on today's announcement?

[davidosh] 04/1/2016 00:19

PUR are positively mentioned in this audiocast and I cover the year behind us and stocks to consider for the year ahead...

[puffintickler] 29/12/2015 16:02

"So at current buy price of 180p still a bit of a margin for patient Scrooge's"

It is actually a high return investment. Buy at 180p now, get 167p back on 11th January means you have invested 13p.

Keep that 13p for eight months then get back (hopefully) 21p (a gain of 8p).

So, ignoring the opportunity cost of investment of 180p for two weeks you get a 60% return for an eight month investment. There is the possibility of not getting all the last tranche of payment for the US business but as this is a maximum of 3p a share, even if this all disappears you should get a gain of 5p which is 38%.

Beats a deposit account!

[zoolook] 24/12/2015 11:55

Merry Christmas to you. And thanks again for the heads up on this. Its a present that just keeps giving

[cockerhoop] 24/12/2015 11:13

Merry Christmas Mr Look..............or can I call you Zoo :-)

[zoolook] 24/12/2015 10:32

Received this notification this morning:

"Following a fire at the Group's premises in Swansea December 2014, the Board announced in May 2015 that they did not intend to reinstate the premises. The Company no longer owns any trading assets and as such will be treated as an investing company for the purposes of the Alternative Investment Market listing rules.

The Board is of the opinion that member's voluntary liquidation is in the best interests of Shareholders and the Company.

The Liquidation is subject to shareholder approval at the General Meeting to be held on 7th January 2016. Following such approval, it is anticipated that Derek Neil Hyslop and Samantha Jane Keen of Ernst & Young LLP will be appointed as Liquidators of the Company on that date.

Subsequently, it is expected that the last day of trading in the Company's Ordinary shares will be 7th January 2016 and that the Effective Date of the Cancellation will be 8th January 2016.

The Board anticipates that the Joint Liquidators will make a total distribution payment of up to GBP1.88 per share, which will include a first interim distribution to Shareholders of GBP1.67 per Ordinary share on or around 11th January 2016.

Should you retain your holding of Pure Wafer PLC, we will notify you on receipt of any further information from the Company.

Should you wish to find more information about the Cancellation, please visit the Pure Wafer website, www.purewafer.com/index.php?option=com_docman&task."

So at current buy price of 180p still a bit of a margin for patient Scrooge's

Happy Christmas to holders

[badtime] 15/12/2015 15:40

Another nice buy at 188

[badtime] 11/12/2015 14:18

Ye I guessed ..just teasing u

[alan@bj] 11/12/2015 12:55

Typo badtime - meant 188p

[badtime] 11/12/2015 12:25

Nice 35k buy at 184