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ARG Argos Resources Limited

0.35
0.00 (0.00%)
31 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Argos Resources Limited LSE:ARG London Ordinary Share FK0114538241 ORD 2P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.35 0.00 00:00:00
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 0.35 GBX

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Date Time Title Posts
21/1/202515:04ARG Argos Resources (Falkland Islands Oil & Gas Exploration)1,581
08/3/202312:57Argos Resources - Falklands Oil192
27/4/202110:29ARG...arghhhhhhhhhh a falling knife !90
07/10/201513:37ARGOS NORTH59
16/5/201414:42Argos - undervalued falklands explorer29

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Posted at 18/1/2025 23:56 by c2b
Received letter dated 16 Jan from Paul Michael Davis saying on 14 Jan instructions were given to the Secretary of JHI Associates to prepare and distribute the new share certificates to shareholders. Timeframe requested for completion of the distribution and will be posted on the Portal once received.Quick View (myinsolvencyreport.comUsername:OpusPassword: b4e1fff2
Posted at 10/1/2025 17:50 by flyinghorse1
I asked Hargreaves Lansdown to ask liquidator what’s going on re JHI shares.
I got the same letter back from them ( signed Paul Davis) that others seem to have about the share discrepancy and the “myinsolvency” website portal login.
Ive also asked HL if non listed JHI shares are received how they propose I would hold them.
Has anyone seen the annual progress report to all members on the conduct of the liquidation. ( 21/10/24 date?)
Regards
FH
Posted at 08/1/2025 16:34 by c2b
Unlisted shares cannot be held in a SIPP or ISA (to my knowledge) so assuming eventually our Arg shares get swapped for JHI we would need to wait for a listing or sale event that would make the result eligible.
Posted at 08/1/2025 11:22 by flyinghorse1
Out of interest I held these via Hargreaves Lansdown. They are obviously the Share nominees on the register.
The shares still sit (As of today) in my SIPP and the last communication I received was in Oct 2023 saying that they will still be in the SIPP due to the company being in liquidation.

My question is are there any other holders on here/known that will be represented by HL share nominees?

I just contacted HL today to ask if theres any update-I assume you can if you hold this way do the same and askk to add some weight to my request.

There should be no trouble holding any JHI shares/paperwork in a HL fund and share account despite JHI associates being a Canadian company.
FH
Posted at 07/1/2025 05:51 by shareho1der
I have just discovered Westmount Energy, WTE, who has 5.7m shares in JHI and 1m shares in ARG. It's worth following them.
Posted at 27/12/2024 14:39 by c2b
Based on 7/4/21 Capital raise there are approx 235m Arg shares, and based on 15/8/24 letter from Opus there are 8m JHI shares available for distribution worth £4.9m.So 1m Argos = 34000 JHI worth £20,851According to 15/12/22 RNS at 31/12/21 JHI had net assets of $30.2m including $27m in cash and 17.5% of the Canje block.- correct me if I'm wrong !
Posted at 27/12/2024 10:00 by shareho1der
I have 1 million ARG shares. Does anyone know what it is worth in JHI shares
Posted at 23/12/2024 13:29 by 2magpies
Got the letter.

I would have thought the Shareholders' Register would have been clear and accurate by now.

Still, not much can be done at the moment.

They cannot ascertain how many JHI shares each holder should receive, until they know how many ARG shares each one has.

Quite likely the issue is regarding Nominee Accounts, or instances where Nominee holding(s) has/have been converted into certs, but the Nominee figure has not been amended (thus ? doubling up).

In any case, the Registrar's record must be the definitive one, surely?
Posted at 20/12/2024 11:06 by c2b
(cont) It could be that it's a complication over shares that have been lent and shorted, but I would say that 1) the time for making claims had passed by the time of the time of the summary of the Administration dated 15th August 2024 and 2) what it says on the share registers gives title and should rule.Clearly the explanation for the delay is not sufficient and having sent out the form by which the creditors have agreed to the charges on the Administration, I would be furious if they attempt to take more charges at their rates up to £425 per hour.The main problem here is that the delays are preventing legitimate shareholders receiving information from and participating in the affairs of JHI.
Posted at 19/12/2024 11:44 by c2b
I think the letter from Opus is entirely unsatisfactory. If they are saying that the share registries are wrong, that is most serious and potentially a criminal matter. Have the police been notified? The letter gives no clue as to the scale of the problem, are we talking about 100 shares or millions of shares ? In any case the registries are the only legal proof of title and if someone's shares are not listed there then it up to the wronged party to take action against the persons responsible.
Argos Resources share price data is direct from the London Stock Exchange

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