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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Rusina Mining | LSE:RMLA | London | Ordinary Share | AU000000RML9 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.875 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 4.875 | GBX |
Rusina Mining Nl (RMLA) Share Charts1 Year Rusina Mining Nl Chart |
|
1 Month Rusina Mining Nl Chart |
Intraday Rusina Mining Nl Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/5/2011 | 19:04 | Rusina Mining - Nickel/PGMS in the Philippines | 3,074 |
| 12/2/2007 | 07:43 | NEW PLACING | 43 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 23/5/2011 19:04 by ian 50 if it wasnt for enk buying rmla there wouln't be an ENK enterty [co] here |
Posted at 04/5/2010 13:40 by p3dr036 This appears to be the relevant part of the Scheme Booklet applying to UK holders of RMLA Shares held in an ISA.=======QUOTE [from pages 100/101 - see the RMLA Website] ===== Shares held in an Individual Savings Account (ISA) Rusina shares currently qualify as a potential ISA investment as they are listed on the Australian Securities Exchange. However the shares in European Nickel that shareholders will receive in exchange will not be qualifying ISA investments. This is because they are only listed on AIM. Whilst it is intended that Chess Depositary Instruments will be listed on the ASX it is necessary to consider the status of the relevant shares. As a result of not being listed on a recognised stock exchange, European Nickel shares received in exchange for Rusina shares currently held in an ISA will, within 30 calendar days of the exchange, need to be either: (a) sold (in which case the proceeds can remain in the ISA); or (b) transferred to the investor to be held outside the ISA. No tax should arise as a result of this transfer. ========UNQUOTE===== Hope this is of use to you all. Answers my question and I will sell the shares and hold the proceeds in my ISA as my nominee account provider doesn't trade shares on the ASX. Peter |
Posted at 27/4/2010 15:09 by giant steps wdurham, i fully understand the ratio and cap limit on the deal - perhapsyou misunderstood my previous comment. edit : the max value before scaling gives an implied RMLA price 8.944p |
Posted at 27/4/2010 14:55 by wdurham Giant steps - The cap value has nothing to do with the level of Rusina's share price. ENK are willing to pay up to £27.1 million for Rusina in ENK paper. Given the number of Rusina shares in issue, that equates to no more than 11.18p per ENK share - irrespective of the price of RMLA shares. If the ENK share price stays below 11.18p per share, then the 4:5 ratio will be maintained. If the ENK share price rises to MORE than 11.18p per share, then the swap ratio of 4:5 will be scaled back so that fewer ENK shares are issued to maintain the total amount payable in ENK paper at £27.1 million. All of this is totally independent of Rusina's share price. |
Posted at 26/4/2010 08:13 by dickturnip ENK share price .. Value/RML share7 ..........5.6p 8 .......... 6.4p 9 .......... 7.2p 10 ........ 8.0p 11 ........ 8.8p You could say Rusina (RMLA) has got a fair bit of catching up to do... |
Posted at 17/4/2010 10:56 by chipperfrd zangdook,The non-qualifying status for RMLA holders will not commence until the merger is finalised and RML shares on the ASX have been converted to ENK CDIs - say late May. I would then expect my broker to notify me officially during June that I have 30 days to transfer the shares out of the ISA accounts. They will offer me the option to do a 'reverse Bed & ISA' at minimal charge and without further cost, into non-ISA accounts. So on that basis I would tend to leave it as long as possible (mid July maybe) with the high probability that the funding solution for Caldag will have finally appeared and that the share price will have risen to a more realistic level and hence at least some capital appreciation will have occurred within the ISA wrapper. Currently, that is the way I am viewing it - but subject to a number of variables (merger approval, funding date, etc). Chip |
Posted at 17/4/2010 10:00 by zangdook Thanks, ChipIn that case, I wonder if it's worth holding on till the last minute to sell ISA RMLA shares. AIUI HMRC allow 30 days to sell non-ISAble shares which have somehow found their way into an ISA, and if this applies, assuming the share price gets a boost from certainty once the merger is complete, it may be best to wait until then. I don't want my broker to sell them at a random time of their choosing, though. Somehow when buying and selling shares to move them in or out of an ISA I always misjudge the price movements and make a loss - done it with RCG, ACHL and POL on dual-listing and a couple of others when taking up new ISA allowances. |
Posted at 17/4/2010 09:26 by zangdook P3, I think you have it wrong. From p1 of the merger announcement you link to:"European Nickel plans to establish an Australian listing of its shares through ASX-listed CHESS Depositary Interests (CDIs) such that Rusina shareholders can trade the New Shares they receive on the ASX." AIUI, ENK shares will continue to be AIM shares and not ISAble. CDIs will be issued to enable Australian shareholders to trade on the ASX, but as the underlying security of the CDIs will be AIM-listed ENK shares, they will not be ISAble - eligibility for ISA depends on the underlying security being listed on a recognised exchange. Unless ENK either moves to the main market in London or establishes a full listing in Sydney, the shares will not be eligible for ISAs. I don't know how many RMLA shares are held in ISAs or how seriously the companies take this problem, but I'm impatient to find out what will happen. Assuming that they don't pull a rabbit out of a hat I'll have to sell my RMLA, but I'd like to know as soon as possible so I can pick a good time to sell it and to buy it back outside my ISA. Alternatively if it will be ISAble I'll want to sell my ENK and replace it with RMLA in my ISA in preparation for the merger. I'd much prefer that the company had given a definitive answer when this was first raised, instead of saying they would address it. Address it how? Just say 'sorry, you're stuffed' or sort out a full listing? I admit, though, I'm puzzled by this paragraph from p6: "ASX issues or provides such consents or approval required for the admission of European Nickel to the official list of ASX and the approval for official quotation of CDI's in respect of the European Nickel Shares to be issued as consideration to Scheme Participants;" If ENK is admitted to the official list, why would they be issuing CDIs? |
Posted at 16/4/2010 14:49 by p3dr036 My shares are in an ISA with Selftrade. I've e-mailed them asking if they've received the scheme booklet yet or not.I've also e-mailed Robert Gregory in Perth asking 1. If the Scheme Booklet has been sent out to UK Shareholders yet? and 2. What arrangements the merged company is planning to allow UK shareholders to continue to hold their shares in a UK ISA. At present reading the company's announcement it seems we wil have to hold our "NEW" shares on the ASX valued in A$ and it will not be possible to hold them in sterling in an ISA here. Whilst I realise that this is quite possible, it will be a problem for Selftrade nominee account holders as S-T only trade in UK, Europe and the USA. So I would have to go through the "nausea" of transferring my ENK/RMLA "new" shares to a nominee holder that will deal in shares listed on the ASX! Chipperfrd mentioned this problem a few weeks back and was going to approach RMLA for clarification. Did you get any answer, chip?? Peter |
Posted at 29/3/2010 11:42 by jcpete5 Current ENK share price values RMLA at 6.25p+ |
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