Kefi Gold And Copper Share Discussion Threads

[unionhall] 02/12/2020 16:55

Probably too simplistic but why not just change your address to that of a family member or professional (Accountant /solicitor) in the UK? (if you have any)

[goatherd] 02/12/2020 16:51

Tops,

I am not convinced that, provided you TRANSFER shares to another broker, that there is any tax liability. After all there is no disposal is there?

If they are in an ISA then that is a whole different ball game. (I am not sure whether International Brokers even do ISAs, I think probably not).

I do, actually, hold most of my shares in tax-free accounts so tax is not a major concern.

Have you still got a UK solicitor? If so you might be able to transfer your shares to him to be held in trust. Or to anyone you absolutely trust in the UK.

I doubt if Barclays can sell without your consent - but what do you do if they do? The banking Ombudsman might help - but personally I would not relish taking Barclays to court. I think you need to get out of their clutches as soon as you can.

[topicel] 02/12/2020 15:43

Sorry Goatie, my mistake, I will look at 'Interactive Brokers'.

The preferred option is just to stay with the shares with Barclays and sell when I wish to if that is possible, I will not be indulging any more! The issue will always be a UK address I reckon, and/or certificate if possible.

But will Barclays, or can they, just sell what one holds regardless of any instruction or action without telling you clearly that is what they will do?

All this libertarian, liberal nonsense that is Brexit and how the right wing Tories are reacting to Covid tiers is not matched if they then allow banks to just do as they please! I understand withdrawing your right to hold an account but they do not, surely, have the right to sell your own shares without your say so.

They have not even mentioned that they would convert to paper certs and send them where you wish, even with a charge. It is not much freedom for millions of ex-pats...

As for the French brokers, the issue will be tax. Have you any idea what it would be should we get to 1.3p old money mon ami?!!! You still recall that, don't you? ;)

Topicel

[robjm66] 02/12/2020 15:37

Sorry for the late reply Topical been busy personally would not depend on Barclays to do the right thing having said they might sell your shares they might just do so brexit deal or not. Keeping your head down might not work as they might just sell your shares then say “well we did warn you” then what are you going to do.

You certainly do not want them to sell your shares then some good news might drop while you are out.

Would be better to start a transfer process to a new shareholder might take longer than Friday but as long as the transfer starts before then Barclays can say they are not technically holding them as they are in the limbo of being transferred.

If there is not a obvious sharedealing account you want to transfer to just find one by googling best sharedealing accounts and so on till you find one you can transfer to for now. Later on if you are going to mainly deal in mining stocks you can work out a sharedealer that trades on the main mining exchanges like Canada and Australia.

https: //www.nerdwallet.com/article/investing/switch-brokers-move-investments

hxxps://www.canstar.com.au/wp-content/uploads/2019/10/Crystal-Reports-International-Share-Trading-2019.pdf


hxxps://uk.stockbrokers.com/guides/share-dealing-accounts

[taxlosstone] 02/12/2020 15:27

Yippee!! Less than a month to go then we're all rich beyond our wildest dreams! A word of caution though. This is not the first time that I've said this on this thread. :-(

[harrisun] 02/12/2020 15:03

Never Say Funding Again is the Kefi version

[livewireplus] 02/12/2020 14:31

What was the name of that 007 movie .... ?Never Say Never Again.Apt for Harry ...

[paleje] 02/12/2020 14:31

With gold turning up again after its 15% mini correction since October and copper now on the first leg of a substantial bull run up to record highs according to Goldman, you'd think someone might be interested in Kefi as a whole not just for TK. Mcap 32m seems cheap even taking into account dealing with the Saudis and Africa.

[allesandro] 02/12/2020 13:46

Just been a huge 1.5m buy over the ask ! i sense some big news about to land here .

[shortarm] 02/12/2020 13:18

Eritrea abs Sudan are arresting these TPLF criminals with billions in currency and gold.... They ain't quite so popular to the 'people' now.... imagine how hard you'd look for someone sneaking off with that kind of wealth!!!??? Minor confiscation later and off to jail they go - nowhere to hide!!!

[allesandro] 02/12/2020 12:50

Anyone been watching L2 here ? something significant brewing like an Rns expected and very very tight spread,never seen that on Kefi before.Keep an eye on newswires :-}

[digger2779] 02/12/2020 12:43

Tops - personally I don't think they can just sell them as this would leave them open to all sorts of litigation but I wouldn't want to take that risk. Can you just ask them to obtain a share certificate so when Kefi comes good you can sell them through a broker of your choice? If Kefi goes down the pan then you can frame it as a reminder. I did that with one of my 1st 1 million holding in a dog called VivoMedica!
I just don't understand ii stance>
Hope you find a solution.

[topicel] 02/12/2020 12:17

Thanks Rob and Goatie for your suggestions regarding overseas share holdings vis à vis Brexit and passporting issues that Barclays Smart Investor are applying to folk with no UK address.

Interactive Investor said 'non', you must be UK domiciled. HSBC needed a minimum £50k on deposit - lol, I told them if they waited long enough my shares might be worth that again! And most of the other small brokers were also not interested.

I've been keeping a low profile with Barclays because, well, they have actually not said they would sell my shares when they shut/freeze the Smart Investor account. Their precise words in their August letter first notifying me of closure of investment services for those with an EEA address said:

"As we can no longer provide you these services, we'll need you to instruct us to sell your assets or transfer them to another investment services provider. Please note that if we don't receive an instruction from you, we'll continue to hold your investments on a restricted execution and custody only basis."

There was no mention of any date when the impact will happen, certainly not 4th December as has been touted widely in the financial press. So my question is:

Can they unilaterally really just sell my shares? The statement I've quoted above suggests they know they probably can't and therefore that is why they say they'll continue to hold the shares. I only have Kefi left anyway with them, nothing else like funds or ISAs etc.

Obviously I don't want to be in limbo but it is infinitely better than Barclays unilaterally selling them before Harry does a deal... I know, hell & freezing snow and all that, but we live in hope.

What is the consensus please? I know I probably should outright ask them but usually it's some jobsworth on the phone who reads from a script - 'computer says no' - if I ask whether they will just hold the shares in 'custody' until I instruct them to sell. They'll be prompted to sell Kefi regardless.

As I have a linked Barclays current account, that so far they are not closing for ex-pats, I reckon they can hold them and that is the meaning of what they wrote. Some sort of holding or pending account for shares such as mine? I'm reminded of the millions that seemingly lie in many bank and post office accounts that people forget about, and there needs to be a certain time period before they can close them and give the sums to charity or some-such.

Sorry for the slight o/t, but what do fellow posters think Barclays have the right to do?

Topicel

[allesandro] 02/12/2020 11:15

Looks like the placing is about to clear guys the bots cleared a load of 1.6p stock out - could have a very nice push up soon and back to 2p+.

[peverill] 02/12/2020 10:31

Come on Harry,get your finger out,no trees to hide behind now.Show is the money!!!!!!.

[robjm66] 02/12/2020 10:07

hxxps://www.expressandstar.com/news/world-news/2020/12/02/un-allowed-humanitarian-access-to-conflict-hit-region-of-ethiopia/

[shortarm] 02/12/2020 09:06

Sudan arrests TPLF leader with huge amount of money and gold - corrupt a55 holes needed booting out!

[mick1909] 02/12/2020 08:22

Why is there small trades at 1.74 and 1.76 is it what someone is willing to pay at best price the mm's are robbing bas#$&ds

[katsy] 01/12/2020 15:14

The only copper being mined here are from retail investors pennies. boom boom

[neilng] 01/12/2020 13:36

https://www.miningmx.com/news/base-metals/44504-renewables-to-drive-copper-price-surge-from-2021-as-miners-struggle-to-permit-new-mines/

[robjm66] 01/12/2020 11:52

hxxps://finanz.dk/beijing-unexpectedly-injects-30-billion-into-financial-system-sparking-doubts-about-true-state-of-chinas-economy/