Ariana Resources Share Discussion Threads

[uknighted] 01/9/2020 20:42

Ok thanks, not online is good enough for me.

[mabel 123] 01/9/2020 20:26

Rather not say knight, but a very reputable one - not online

mabel

[uknighted] 01/9/2020 20:12

Mabel, who is your broker?

[bigglesbingham] 01/9/2020 19:59

No shares are owned by the individual. If you feel like this change broker.

[mabel 123] 01/9/2020 19:52

Thanks all for your responses to my query.

For me it is a matter of trust and I would prefer my ISA shares to be in certificate

form in my possession, with my name on rather than in my broker's name.

If precious metals can be hypothecated, then shares in nominee accounts can also.

Just as 100 people are led to believe they all own the same oz of gold, I am

asking myself if it is the same for shares in nominee accounts.

Isn't anyone else here even remotely suspicious?

mabel

[bigglesbingham] 01/9/2020 18:52

Could be a mistake

[bigglesbingham] 01/9/2020 18:51

The problem tends not to be if you get your assets back it when!! Reyker went into administration a year ago and investors are still waiting for access to their assets

[bigglesbingham] 01/9/2020 18:49

The resultant 23% is subject to cash injection into salinbas by ozaltin. Proccea will have to buy their cut of salinbas and we await the terms of their buy in either by services , cash or combination. This is one of the most important points to be finalised. It's assumed that the money from Proccea and ozaltin will forward the salinbas project significantly forward at no cost to AAU. If more money is required by the three parties after the promised monies are utilised then the parties will presumably need to fund either by debt cash flow etc. This doesn't concern me because I believe by the time the ozaltin and Proccea buy in money has been utilised the true potential of salinbas will truely be understood.

[thanksamillion] 01/9/2020 18:45

Biggles should know Mabel, he's in the investment business.

[pauliewonder] 01/9/2020 18:44

Agree. Client assets are held separately. It's similar to investment platform rules.

[bigglesbingham] 01/9/2020 18:42

They have to hold your assets in a Nominee account and they aren't allowed to touch your assets if they do you'd be covered by compensation scheme.

[mabel 123] 01/9/2020 18:03

Snotra,

I agree it is the broker's problem, but my ISA is with them, so that is MY problem.

I am concerned for what is already supposedly mine - bought and paid for already -

rather than for this deal for which they want money before it is due.

mabel

[snotra] 01/9/2020 17:55

Mable, surely your broker's credit/liquidity risk is their problem. I can't see why you would have any obligation to settle it before the settlement date.

[cyberbub] 01/9/2020 17:52

I'm a relative newcomer here, can I clarify that the 23% we will be left with after the deal is a fully free carry, and not dilutable by further deals by the new majority owner?

[charles clore] 01/9/2020 17:52

Roll on tomorrow morning then.

[jc2706] 01/9/2020 17:21

Interesting. This is usually a sign of volatility, primarily in the negative sense! But I don't see that here.

[mabel 123] 01/9/2020 17:04

Icandc,

Yes, I know that in normal circumstances T2 is the usual. That is my usual method

of buying, but knowing my funds were not immediately accessible I bought T10 and

paid fractionally extra for that privilege. I've done that many times in the past

and never been asked for payment before settlement day.

mabel

[mabel 123] 01/9/2020 16:55

biggles,

My concern is that I bought on extended settlement (T10) because funds were not

immediately accessible.

I was buying with a certificate NOT nominee.

My concern is why do they want the funds NOW when I have never ever paid late and

they know me well.

mabel

[mabel 123] 01/9/2020 16:46

Charles,

Yes, have been with them more than 20 years and first time I've had such a call.

mabel

[kirbs4] 01/9/2020 16:45

You're not the only one JAF, the app is really unreliable today, getting sporadic "unable to connect" messages. I've had to shut the app down and reopen several times.

[jaf1948] 01/9/2020 16:33

Sorry for the duplication - having a slight problem with ADVFN this afternoon.

[plasybryn] 01/9/2020 16:26

I'm seeing double! It will come. There will be a good reason it didn't hit the streets today.

[jaf1948] 01/9/2020 16:25

Duplicate.

[jaf1948] 01/9/2020 16:24

A good day but disappointed that the company did not feel it had to acknowledge that it had put a date in the public domain and failed to meet it.