Mariana Share Discussion Threads

[pr0t0n] 22/6/2017 13:29

Yes,I stand corrected, table is at the very bottom.
Tomorrow is the last day of trading.

Guernsey Court Hearing
10.00 a.m. on 26 June 2017

Last day of dealings in Mariana
23 June 2017

Shares Dealings in Mariana Shares suspended on AIM

7.30 a.m. on 26 June 2017

[greenrichard] 22/6/2017 10:52

Not sure that's the case proton. I initially thought the same but the timetable at the bottom of the RNS states last day of trading is 23rd June (tomorrow), trading suspended on 26th June and delisting on 4th July.

[pr0t0n] 22/6/2017 10:20

Extra week to trade :

Updated Combination Timetable

Further to the announcement by the Company on 16 June 2017 regarding the expected timetable of events and next steps for the implementation of the Combination, Mariana announces that the Guernsey Court Hearing will be held on or around 26 June 2017 and that, subject to the sanction of the Scheme by the Guernsey Court, it is anticipated that the Scheme will become effective on or before 3 July 2017.

If the Guernsey Court sanctions the Scheme it is intended that Sandstorm will procure that Mariana makes an application to cancel the admission to trading of Mariana Shares on AIM, to take effect on or around 4 July 2017, and it is anticipated that the Mariana Shares will be delisted from TSXV as soon as practicable on or after 4 July 2017.

[pr0t0n] 22/6/2017 10:19

Cheers Chip,

All the best.

[chipperfrd] 20/6/2017 14:56

Proton,

I eventually decided to close out, as you did. It allows a wider range of options for re-investment and better suits my personal trading style and system.

Thank you for a very informative BB. I wish you every success in your future investments, as I do all the other long term participants here.

Kind regards
Chip

[barrywhit] 17/6/2017 16:11

Good Luck all, spend your profits wisely.........

[pr0t0n] 17/6/2017 15:44

Thanks Bit.
I`ll put on my watch list ,
I will look closely at SSL , with NI-43-101 to come and PFS by the end of the year maybe August/September be good time to buy...

=======================================================
5 trading days left ...

In order to become effective, the Guernsey Court will need to sanction the Scheme at the Guernsey Court Hearing. It is anticipated that the Guernsey Court Hearing will be held on or around June 26, 2017 and that the Scheme will become effective on or around June 29, 2017.

It is intended that dealings in Mariana Shares on AIM will be suspended at 7:30 a.m. on June 26, 2017 and that trading on the TSXV will halt prior to markets opening in Canada on June 26, 2017. The last day for dealings in, and for registration of transfers in Mariana Shares will therefore be June 23, 2017. If the Guernsey Court sanctions the Scheme it is intended that Sandstorm will procure that Mariana makes an application to cancel the admission to trading of Mariana shares on AIM, to take effect on or around June 30, 2017, and it is anticipated that the Mariana shares will be delisted from the TSXV on or around June 29, 2017. The record date for calculation of consideration is expected to be June 28, 2017.The above dates are indicative only and will depend, among other things, on the dates upon which the Guernsey court sanctions the Scheme.

[bittorrent] 17/6/2017 11:45

Proton, have you looked at HUM, due to be pouring gold by the end of the year, looks promising:
Trading Performance, Share Price & Value

During the period Hummingbird's share price rose from 12.5p to 18p, and post period end achieved highs of up to 27p. We issued 236,288,781 new shares in return for US$76m.

Based on this capital structure and looking forward to our first year of full scale production, this marks Hummingbird out as the standout gold developer trading in the public markets. It is trading on 1.26 times projected free cash flow for the first full year of production against an industry average which can range anywhere from 15-25 times. In the first full year of production, cash flow per share will be 20p.

This assessment of Hummingbird's exceptional position in the market does not take our 4.2Moz Dugbe gold project in Liberia into account. Broker Cantor Fitzgerald has suggested that this project could offer significant further upside and add a further 14p in value.

It is with this in mind that I firmly believe that Hummingbird is due a re-rating in the market as it evolves into a profitable mining company and delivers the significant free cash flow highlighted in our DFS.

[pr0t0n] 16/6/2017 13:02

Shavian,

Picked up couple on TSX, also GGP on LSE.
Condor and Millrock...
SAND invested in Condor in Jan. 2017.



Millrock Resources :

[shavian] 16/6/2017 12:56

I'm holding as I already hold SAND and see it as a long-term hold. But thanks Pr0t0n for all your input and fellowship on this thread. Where are you going next?

[pr0t0n] 16/6/2017 12:51

All resolutions proposed at the Annual General Meeting were passed by
shareholders.

Well, end of an era.
GL to all still holding for SAND shares.
I`ve moved on.

[boadicea] 14/6/2017 18:18

RE: The above.

Was I optimistic enough? - Limit order executed today at 102.35p while I was out.
There may still be a few pence more in it for any hangers-on with greater ambition!

[boadicea] 14/6/2017 09:34

A couple of consistent factors seem to be emerging in the daily trend of share price
First, the mid price is edging upwards as the final date approaches. Secondly, the dealer spread falls in the afternoon when the North American markets are open. Both factors are explicable in terms of arbitrage risk.

The strategy for those wanting to get the best sell price is possibly to be reasonably patient. The last dealing day in London is 23rd June which could be unpredictable with unknown positions entering closure. I think I should steer clear of that option and look at 16th to 20th range for selling. I'm putting a reasonably optimistic limit order in now with that as end date and will review at the weekend.

Just a view - No advice intended.

[greenrichard] 09/6/2017 13:10

I think that any weakening of the MARL price in UK is likely down to private investors deciding to sell in the run up to the meeting because they don't want the perceived complication and/or currency risk involved in holding SAND. MMs know this and happy to take the shares and sell them onto the hedge funds.

[mofan] 09/6/2017 12:31

Thanks guys

[greenrichard] 09/6/2017 12:20

With TD Direct - you have to complete a couple of online forms to set up international trading and also complete an online W8-BEN form to reduce the amount of withholding tax on any future dividends.

[jimbowen30] 09/6/2017 10:52

Mofan
I use TD investing and have been in Sandstorm for years. It has a great future and business model imo. Can also trade through Hargreaves Lansdown.

[mofan] 09/6/2017 10:50

Who can we deal sandstorm shares with?

[boadicea] 09/6/2017 09:36

No.
The calculation of the present equivalent value of the offer (~107p yesterday morning but changing with the Sandstorm share price) includes the cash which will automatically be credited to one's account.
One misses three things by selling now -
1 the arbitrage element, (107 - 101.5 = 5.5p in the example above for yesterday)
2 potential complications associated with holding foreign shares (varies with broker)
3 potential performance of the Sandstorm share price after completion.

[shavian] 08/6/2017 16:55

But don't you then miss out on the cash element - or am i missing something?

[boadicea] 08/6/2017 09:38

At last night's closing mid for Sandstorm (C$5.33) and fx rate I make the offer worth about 107p compared to UK mid of 101.5p as I write - so not that much room for arbitrage after expenses unless one has a large holding.
The real question is the unknown of what happens to Sandstorm after completion. The Sandstorm shorts are probably irrelevant if balanced by longs in MARL as they will cancel on completion. This would rule out one possible reason for a good bounce.
Given the potential complications I have concluded there is a strong argument to cash in for the average small holder.

[greenrichard] 07/6/2017 22:47

Price finished tonight in Canada and US equivalent to 1.03p bid

[shakester2] 07/6/2017 17:26

Thanks for feedback - I wasn't sure if the guy I spoke to understood the situation properly. I will call again tomorrow and double check

[boadicea] 07/6/2017 10:25

shakester2 - That sounds very odd to me. The usual situation is that all expenses are borne by the acquiring company who deliver free replacement stock in the new ticker to one's broker. There would be a conversion and handling charge on any foreign currency remittance.
Where I find a problem is when the broker deems a stock to be ineligible for the type of account and forces a sale or materialisation (electronic to paper) at my expense.
Steeplejack's experience is typical - particularly of Barclays!