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Stellar Diamonds Share Discussion Threads
Showing 4201 to 4223 of 4225 messages
|not so good news but on paper. they hint on delisting. they did not give solid info where the 32 mill will come from. 170k USD from citigate seems to be huge number atm.
on paper it looks good but there is reality to consider :)|
|Interesting turn of events, not totally sure what to make of it as yet but it feels like a good deal, still expected Capex of US$31.8 million in first two years|
|A poster on the LSE board has allegedly had reply from STEL via email. RNS this week - as expected I guess.|
|Shareholders are definitely at the back of the queue!|
|Rule 14 above doesn't mention suspension. I say 6 months still stands.
Running out of time.........|
14. A reverse takeover is any acquisition or acquisitions in a twelve month period which for an AIM company would:
— exceed 100% in any of the class tests; or
— result in a fundamental change in its business, board or voting control; or
— in the case of an investing company, depart materially from its investing policy (as stated in its admission document or approved by shareholders in accordance with these rules).
Any agreement which would effect a reverse takeover must be:
— conditional on the consent of its shareholders being given in general meeting;
— notified without delay disclosing the information specified by Schedule Four and insofar as it is with a related party, the additional information required by rule 13; and
— accompanied by the publication of an admission document in respect of the proposed enlarged entity and convening the general meeting.
Where shareholder approval is given for the reverse takeover, trading in the AIM securities of the AIM company will be cancelled. If the enlarged entity seeks admission, it must make an application in the same manner as any other applicant applying for admission of its securities for the first time.|
|Are the rules on suspended shares different for a company which is involved in a reverse takeover, rather than account filing issues etc etc?
Haven't checked, but they may give more leeway.|
|They're bound to come back, they need to do some more placings!|
|Correction - It'll be 17th as that's the Friday before the 19th Feb.|
|Deadline is 19th Feb, I think. Six months after suspension which was 19th Aug 2016.
Not looking good here.|
|I fear the worst. The silence has been deafening. The moral credentials of some of the people now associated with this company are non-existent. There's every chance they will run away with whatever value remains. We shall pay for the Lambos and Ferraris.
I never understand how these people escape gaol.|
|still suspended, i thought we would have to have been delisted by now?|
|anyone here? I lost track but still own the shares. Financials posted before the year end are not that bad. What is going on?|
|makes you wonder if they'll be anything left for the small holders, bills still need to be paid!|
|Stellar Diamonds delivers a stellar deal
|As a non holder I keep checking in to see if the share is back, so I can find out how much I have missed out on for not buying in that day when I was tempted at 6p.
However this is the case with a lot of other shares I fancy, so no big deal.|
|Apologies if posted previous.
Octea Mining, the counterparty to Stellar’s
potential transformational deal, is owned by BSG Resources, which is owned
by diamond entrepreneur Beny Steinmetz.
Steinmetz is mentioned in Panama Papers, he is under investigation for bribery.
A real gentleman! The company one keeps in resources industry
More details via Google and Forbes.|
|tivol - lesson is advisors, bankers and management cream it, shareholders fund it. History will repeat itself.|
|I thought holders would be really excited at the possiblity of Stellar returning at over double. I was gutted I did not buy in at 6p after the last positive RNS.|
|Karl Smithson, CEO of Stellar Diamonds, gives an update on the new potential acquisition
|yes, it has been a torrid ride that is for sure.|
|bsg - must admit they're creating one hell of a return for investors. £1000 invested in stellar at the start would now be worth 5.50p [sic].|