Re: Sierra Leone News: Sierra Diamonds t... You might want to look for another broker HPC.Not hard to find one who will deal with ASX.Can you read anything into PE ratio with AIM shares this one -20.89.I know on main markets 10 considered cheap.20 expensive.R
Re: Sierra Leone News: Sierra Diamonds t... If we hold to the end and gain only Newfield shares, how can we then convert these to cash if we don't have a broker (e.g. Barclays Smart Investor) which will hold such shares? Would we have to wait for paper certificates and find another broker to buy them - don't want to pay another broker; although I do still use III's trading facilities who may help I guess... any ideas apart from selling once the deal is announced - with the risk that STEL's shares may then be suspended and the STEL price may not fully rise to the offer price (worth in Newfield shares)?Of course, we have not yet had the Corporate Action notification assuming the bid will formally be made soon given all the current transactions going through.
Re: Illogical also illogical is since 2008 aim shares rarely climb steadilygood new used to be a rise then a plateu then more news a rise etc etcnow good news sold into after day1 some shares even finish lower on that news day .never recovered from that crashmost share charts of small cap miners and oilies mirror the same graphmadness
Re: Illogical mm make a market by trying to drop the price on small volumes then back up slowly
Illogical Does anyone understand how the current sp of less than half the buy out offer price makes any sense? The logic is that the market assumes there is less than 50% chance of it taking place. Can't surely be right so it does look like free money!
Re: How does a post 4.30 That 200k trade was reported on lse @ 16.22. @7.4pAnd on iii reported trades at 18.22 lol
Re: How does a post 4.30 Ohh ok.But how come the last trade reported is 18.22200,000 @ 7.4p
Re: How does a post 4.30 There is an auction period of about 5/10 mins after close. (bhptuner )
Re: Sierra Leone News: Sierra Diamonds t... Others i have in Australia Medusa and Perseus did not . ( UK list )Similar circumstances.
Re: Sierra Leone News: Sierra Diamonds t... The suspension is almost certainly due to the pending Rights Issue; which has to go through successfully to fund the planned STEL mine development after the take-over with payment in Newfield shares.This won't cause any suspension of STEL shares, but there will be a big drop in the STEL share price if the Rights Issue fails and there should be a big jump if (as is likely with prior verbal agreements) the Rights Issue is sufficient for the merger - better if the Newfield share price holds up well after the Rights Issue, i.e. value the STEL mines quite highly.I still hope that Newfield will also announce that they will also then list in the UK as well post the merger...
Re: Sierra Leone News: Sierra Diamonds t... well if it dont this is going down and down with not much volume
Re: Sierra Leone News: Sierra Diamonds t... Newfield shares have a halt in trading since Monday 5th.Could same happen here ?
Re: Sierra Leone News: Sierra Diamonds t... Ended up buying twice today and at same time .In patience i lifted limit to 4.6 then the 4.5 went through with it.Down 11% to 4.1 to 4.5 at close.
Re: Sierra Leone News: Sierra Diamonds t... Winnifrith seething in his blog this morning.Slagging nomad Cairn , and bringing up option changes before Christmas.In which he claims company have shafted share holders .
Vox Markets Podcast Karl Smithson, CEO Stellar Diamonds #STEL discusses the possible share offer by Newfield Resources Limited and the US$3 million Loan.[link]