Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
If they take it privately, what happens to our investment? Puff ... gone?
If so, why would any one with even a crumble of a brain cell vote for this to happen?
I bought 29000 shares in Cabot which were crushed into 500 shares, now, as I believe it, Aitken is asking shareholders to vote to leave aim, am I dreaming, or have I got it wrong. If we vote to leave will I lose everything , so who will get my shares in the private company then, can someone tell me
You will still own your CAB shares but it will be in a private and not a listed company. There will be a mechanism (see recent RNS) for trading your shares but based on my experiences in another company that I held which went private, these types of trading mechanisms only operate at certain times & there are a very limited number of trades which takes place.
fwiw, I sold out this week, took my losses & learned some very important lessons.
I have not checked the shareholding numbers but I would imagine that H2P have enough votes to push the AIM delisting proposal through.
Good luck with whatever you decide.
Thank you for your advice, it looks to me as if aitken has been brought in to grab this company for hpp, it's a bit funny that hpp kept putting in money as Cabot were looking as if they were going down, or was that aitken dragging the share price down, I've lost over £2000, which might not seem a large amount but it is to me, I'll never understand why someone people think money is everything
I recall that High Power Petroleum owned over 50% of CAB share when Aitken was appointed CEO, he is I think a Director or employee of High Power Petroleum.
The signal (which I missed) was when Garraway Capital Management LLP dumped their entire shareholding and there was not an RNS issued informing the market who had acquired those shares......my understanding is that these shares were sold to MM's and they do not have to disclose their shareholding even if it's over 3%.
I read recently read that losses on a share can be viewed as a cost of learning, I've certainly learned a lot owning CAB shares and like you have lost several thousands of pounds. I certainly will remember Aitken & his cohorts for many years to come.
All the best.
https://www.cabot-energy.com/investors/significant-shareholders/
HPP own 72.21% so they don,t need many to push it through cheap assets through the back door