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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rusina Mining | RMLA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.875 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.875 | 4.875 |
| Top Posts |
|---|
Posted at 23/5/2011 19:04 by ian 50 if it wasnt for enk buying rmla there wouln't be an ENK enterty [co] here |
Posted at 23/6/2010 22:32 by jennyj No problems :)Looks like rmla was delisted today the halifax has turned my shares into a number Roll on enk, or whatever they are going to call it, perhaps tree cutters anonymous. |
Posted at 19/6/2010 20:54 by jennyj Thanks Matty for all the work you have put into this thread ver the years.Are you no longer a ENK/RMLA investor? |
Posted at 15/6/2010 16:16 by giant steps Looks like the RMLA discount window has gone to a tiny premium!RMLA 4.5-5.25p, buyers pay 5.16p = ENK 6.45p ENK (6-6.4p) |
Posted at 14/6/2010 12:27 by giant steps RNS 14th June 2010 for RMLACourt Approval - done |
Posted at 02/6/2010 11:43 by giant steps RNS 2nd June 2010 by RMLAReminder " Following merger completion, the merged entity will have a nearly financed project in Turkey, subject to forestry permit re-issuance which is expected shortly. It will also have the Acoje nickel laterite heap leach project in the Philippines, a permitted robust alternate project that could be fast tracked to production due to synergies in design allowing all long lead items already purchased for Çaldağ to be transferred to Acoje should the need arise. " |
Posted at 04/5/2010 13:40 by p3dr036 This appears to be the relevant part of the Scheme Booklet applying to UK holders of RMLA Shares held in an ISA.=======QUOTE [from pages 100/101 - see the RMLA Website] ===== Shares held in an Individual Savings Account (ISA) Rusina shares currently qualify as a potential ISA investment as they are listed on the Australian Securities Exchange. However the shares in European Nickel that shareholders will receive in exchange will not be qualifying ISA investments. This is because they are only listed on AIM. Whilst it is intended that Chess Depositary Instruments will be listed on the ASX it is necessary to consider the status of the relevant shares. As a result of not being listed on a recognised stock exchange, European Nickel shares received in exchange for Rusina shares currently held in an ISA will, within 30 calendar days of the exchange, need to be either: (a) sold (in which case the proceeds can remain in the ISA); or (b) transferred to the investor to be held outside the ISA. No tax should arise as a result of this transfer. ========UNQUOTE===== Hope this is of use to you all. Answers my question and I will sell the shares and hold the proceeds in my ISA as my nominee account provider doesn't trade shares on the ASX. Peter |
Posted at 17/4/2010 09:26 by zangdook P3, I think you have it wrong. From p1 of the merger announcement you link to:"European Nickel plans to establish an Australian listing of its shares through ASX-listed CHESS Depositary Interests (CDIs) such that Rusina shareholders can trade the New Shares they receive on the ASX." AIUI, ENK shares will continue to be AIM shares and not ISAble. CDIs will be issued to enable Australian shareholders to trade on the ASX, but as the underlying security of the CDIs will be AIM-listed ENK shares, they will not be ISAble - eligibility for ISA depends on the underlying security being listed on a recognised exchange. Unless ENK either moves to the main market in London or establishes a full listing in Sydney, the shares will not be eligible for ISAs. I don't know how many RMLA shares are held in ISAs or how seriously the companies take this problem, but I'm impatient to find out what will happen. Assuming that they don't pull a rabbit out of a hat I'll have to sell my RMLA, but I'd like to know as soon as possible so I can pick a good time to sell it and to buy it back outside my ISA. Alternatively if it will be ISAble I'll want to sell my ENK and replace it with RMLA in my ISA in preparation for the merger. I'd much prefer that the company had given a definitive answer when this was first raised, instead of saying they would address it. Address it how? Just say 'sorry, you're stuffed' or sort out a full listing? I admit, though, I'm puzzled by this paragraph from p6: "ASX issues or provides such consents or approval required for the admission of European Nickel to the official list of ASX and the approval for official quotation of CDI's in respect of the European Nickel Shares to be issued as consideration to Scheme Participants;" If ENK is admitted to the official list, why would they be issuing CDIs? |
Posted at 16/4/2010 16:59 by p3dr036 Thanks zandook - Have read your 2924. however this is some six weeks old and RMLA still haven't clarified the position for UK shareholders with RMLA Aim shares held in an ISA.However all may not be lost! The link to the full merger announcement has an interesting statement towards the end in the Appendix [page 6 of 8]. see: ======= Under APPENDIX A Merger Implementation Agreement Summary Key Conditions Implementation of the Scheme is subject to a number of conditions precedent, including: There is this little nugget!!! The tenth bullet point down. the European Nickel Shares to be issued as consideration to Scheme Participants are approved for admission for trading on AIM; I take this to mean a] we are "Scheme participants" and b] that the ENK shares we receive as a result of the merger WILL be traded on AIM as well as on the ASX and will thus be ISA-able for UK residents!! Game set and match???? I wonder! Good weekend to all P3 |
Posted at 16/4/2010 14:49 by p3dr036 My shares are in an ISA with Selftrade. I've e-mailed them asking if they've received the scheme booklet yet or not.I've also e-mailed Robert Gregory in Perth asking 1. If the Scheme Booklet has been sent out to UK Shareholders yet? and 2. What arrangements the merged company is planning to allow UK shareholders to continue to hold their shares in a UK ISA. At present reading the company's announcement it seems we wil have to hold our "NEW" shares on the ASX valued in A$ and it will not be possible to hold them in sterling in an ISA here. Whilst I realise that this is quite possible, it will be a problem for Selftrade nominee account holders as S-T only trade in UK, Europe and the USA. So I would have to go through the "nausea" of transferring my ENK/RMLA "new" shares to a nominee holder that will deal in shares listed on the ASX! Chipperfrd mentioned this problem a few weeks back and was going to approach RMLA for clarification. Did you get any answer, chip?? Peter |
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