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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Base Resources Limited | BSE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 12.30 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.30 | 12.30 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 10/9/2024 07:45 by mondex I received this from HL today:We write regarding the offer by Energy Fuels Inc to buy Base Resources Ltd for 0.026 of an Energy Fuels Inc share and AUD0.065 cash per share by way of an unfranked special dividend. The offer was approved by shareholders at the recent shareholder meeting. Cash alternative offer Shareholders with less than 350,000 Base Resources shares can elect to receive cash in place of all of the Energy Fuels Inc shares they are due in the offer. If you elect for this, the Energy Fuels Inc shares you would be due will be sold by a third party agent and the proceeds paid to you. It is expected that the agent will deduct charges of between CA$0.03-0.04 per Energy Fuels shares. Elect for the cash alternative – Act by noon on Monday 16 September 2024 If you hold under 350,000 Base Resources shares, and wish to elect for the cash alternative, the easiest way to give an instruction is on our website. We can’t accept instructions by post or the HL App. 1. Log in online at www.hl.co.uk 2. Select your Stocks & Shares ISA. 3. Click the dark-blue icon to the right of your shares and follow the steps. Alternatively, you can call our Investment Helpdesk on 0117 900 9000 with your security information to hand. Alternatively you can sell your shares on the stock market You can sell your existing Base Resources shares until 4.30pm on Thursday 12 September 2024 subject to our standard dealing charges. You can sell the shares online or by calling our Dealers on 0117 980 9800. If you take no action, you will receive new Energy Fuels shares. These new Energy Fuels shares will be issued outside of CREST (The UK’s settlement system). If you don’t elect for the cash alternative and still hold your shares on 17 September 2024 we’ll automatically transfer the shares to our global custodian, HSBC. This ensures that we’re still able to offer you a facility to hold and sell the shares. Holding the shares in HSBC The shares will continue to show in your Hargreaves Lansdown portfolio, but as the underlying custodian will be HSBC, or a sub custodian of HSBC, there will be certain implications you should be aware of: You’ll be able to sell your shares on the Toronto Stock Exchange once they have been successfully transferred into our HSBC Canadian Account. We’ll contact you again once the shares are available to trade. It is likely that this process will take a number of weeks, or potentially months, throughout which time you will not be able to sell your shares. The shares will be held with our third-party custodian, HSBC, who may in turn hold the shares through a sub-custodian in the home country of the investment. The settlement, legal or regulatory requirements that apply to the shares may differ from those applicable in the UK. Your investment may not benefit from the same protections in the event of the insolvency of the third party that may apply under UK law. A more detailed explanation of these additional risks is provided in section A25 of our terms & conditions, which are available at hl.co.uk/terms-and-c |
Posted at 16/5/2024 14:54 by mjneish Time to revisit the earlier calculation.CORRECTION (I forgot to change USD to GBP), so I've edited the calculation. 10,000 shares in BSE are currently worth £1287.50. This will be exchanged for 260 shares in UUUU worth £1266.50 at the current share price and exchange rate. In addition, the special dividend is now worth £342.55. So in summary, there is around 25% upside from the current BSE share price to the value of the deal being offered. Factor in the risk discount of your choice. |
Posted at 10/5/2024 11:09 by plasybryn Hargreaves Lansdown aren't going to let me trade other than on AIM so i am fed up i might be forced to sell. Perhaps we will get the dividend and Fiscal approval before we are de-listed. Pigs can fly. |
Posted at 10/5/2024 07:49 by mondex Do we know when they will announce the special dividend amount? |
Posted at 09/5/2024 17:06 by plasybryn Announcement of Transaction - Monday, 22 April 2024Appointment of Independent Expert. - April 2024 First Court Hearing to approve the Scheme Booklet - Late June / Early July Base Resources dispatches Scheme Booklet to Base Resources Shareholders Scheme Meeting — Late June / Early July Second Court Hearing. - Early / Mid August Effective date - Mid August Record Date for Scheme and Special Dividend - Mid August Special Dividend Payment Date - Late August Implementation Date - Late August |
Posted at 24/4/2024 08:10 by plasybryn Bse interviewHttps://www |
Posted at 22/4/2024 20:31 by brownmruk A discount on that basis is appropriate. There is risk: deal may not complete; exchange rate movements between CAD, AUD and each individual's local currency; share price fluctuation of EFR. There may be costs depending on individual circumstances: dividend tax; exchange fees; CGT. |
Posted at 22/4/2024 17:54 by mjneish Not sure whether I am looking at this correctly, but here goes.Under the terms of the Transaction, Base Resources shareholders will be entitled to receive 0.0260 Energy Fuels common shares (Share Consideration), plus A$0.065 in cash via an unfranked special dividend payable by Base Resources (together, the Transaction Consideration), for each Base Resources share held. So say you own 10,000 shares in BSE on the LSE. At 12p per share mid-price, this is worth £1,200. At the above rate, this is converted to 260 shares in UUUU. This is worth US$1,375 at the current mid-price, or £1,113 at the current exchange rate. So a slight loss there. However, the special dividend is A$650 or £339.30 at the current exchange rate. So £1,200 becomes £1,452.30 as everything stands currently, after the huge share price appreciation since last night. A look at the chart for UUUU shows a very depressed price. Should this recover, then of course the gains will be greater. Does anyone know anything about UUUU and why the price is at the bottom of the three-year trading range even though shares with exposure to uranium have done very well lately? EDIT: this means that there's around 20% upside left in the shares before they become fair value relative to what they are worth when converted to shares in UUUU and the special dividend is paid out. This will of course be wiped out if UUUU falls 20%. At any rate, it's the price when the deal goes through in a few months' time that matters for a fair comparison, so one could maybe argue that a discount is appropriate. |
Posted at 22/4/2024 05:40 by plasybryn Takeover!What an announcement! Anyone expecting this. Takeover by UUUU$0.065 AUD Special Dividend.0.026 UUUU shares per BSE share.So that's roughly 58 Base Resources Shares for 1 UUUU share.That's around 10 cents (USD) for each BSE share, in UUUU shares. |
Posted at 23/2/2024 08:20 by plasybryn Base Resources Limited FY24 half-year results investor webcasts African mineral sands producer and developer, Base Resources Limited (ASX & AIM: BSE) will host two investor webcasts to discuss the company's FY24 half-year results which are scheduled for release on Monday, 26 February 2024. The company's results will be presented by Base Resources' Managing Director, Tim Carstens, Chief Financial Officer, Kevin Balloch, and General Manager - Marketing, Stephen Hay, who will each also be available to answer questions following the presentation. Details for the webcasts are below. Participants will be able to ask questions via the messaging function on the webcast platform or via the teleconference line. Participants proposing to use the teleconference line will need to pre-register their details using the teleconference registration URL provided below. Upon registering, participants will receive an email with their unique PIN and dial-in details so that they can join the call without speaking to an operator. Asia Pacific webcastDate: Monday, 26 February 2024Time: 8.30am AWST / 11.30am AEDTWebcast URL: https://webcast.open |
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