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#1 Dusty Mountain

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Posted 08 November 2018 - 04:35 PM

Bull Hunter,  can you please elaborate. Seems as if you responded to another statement from someone else. 

 

Hi Krisjan

 

See revised dates and timetable below link, for transferring shares from JSE to ASX, being 27th November.

 

https://hotcopper.co...df-jpg.1357883/


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#2 Krisjan

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Posted 08 November 2018 - 02:53 PM

Bull Hunter,  can you please elaborate. Seems as if you responded to another statement from someone else. 


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#3 Bullhunter

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Posted 08 November 2018 - 12:18 PM

Unofficially the South African Reserve Bank (SARB) will not allow the shares to move offshore to Australia without Reserve Bank approval.

 

There is speculation that the shares will be sold in Australia and the funds repatriated back to the South African shareholders.


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#4 SoleTrader

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Posted 28 July 2018 - 08:38 AM

My understanding is 1. We will get a cash consideration for our Cowan Lithium shares once those are sold. Is Cowan a listed entity? How many Cowan's per Tawana? When will we get the cash? 2. We will get cash for our Alliance merged shares once those are sold. What I can't understand is why they couldnt just delist South African minorities with a single cash consideration.

For investors with an offshore account, look at Desert Lion Energy on the TSX. This is going to put TAW to shame IMO
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#5 Dusty Mountain

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Posted 27 July 2018 - 03:53 PM

Those ineligible shareholders who are interested in instituting legal services to remain eligible shareholders and participate in alliance merge in order to obrtain our ASX consideration shares, please pm me at land@absamail.co.za


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#6 SoleTrader

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Posted 20 June 2018 - 01:36 PM

The share is trading at a nice discount to the Aussie price - just took some at 350c. 


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#7 Krisjan

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Posted 08 June 2018 - 09:54 AM

Pardon my ignorance, but how?

Done. 76 yo trying his hand @ tech...... 


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#8 Krisjan

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Posted 08 June 2018 - 09:49 AM

Those interested. Drop me a PM with your number as we'll make it so. 

Pardon my ignorance, but how?


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#9 Dusty Mountain

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Posted 06 June 2018 - 10:40 AM

As far as I know even if the transfer is completed to ASX your registered address is a non resident from South Africa, which means you are in the same position as we are now with the JSE, but have spent some cash doing it.

 

I`m not sure if a custodian ( your agent, liaising with broker) would be any different.

 

Any shares that a person holds either in certificated or dematerialised form, has ownership to the holder, the persons full security details incl ID number/registered address etc ensures no one can claim your shares but the rightful owner.

 

I dont think there is a way for us to go around this...

 

However once we receive our ASX consideration shares after merge, if they then liquidate all overseas shareholders we can then just open our own offshore trading account and trade into mergeco and Cowan lithium.

In my view this is the better option because if they dont liquidate our shares we have incurred no additional costs.


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#10 Dusty Mountain

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Posted 06 June 2018 - 10:11 AM

As far as I know even if the transfer is completed to ASX your registered address is a non resident from South Africa, which means you are in the same position as we are now with the JSE, but have spent some cash doing it.

 

I`m not sure if a custodian ( your agent, liaising with broker) would be any different.

 

Any shares that a person holds either in certificated or dematerialised form, has ownership to the holder, the persons full security details incl ID number/registered address etc ensures no one can claim your shares but the rightful owner.

 

I dont think there is a way for us to go around this...


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#11 Hemper9

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Posted 06 June 2018 - 09:34 AM

ABSA Stockbrokers

 

Not sure, I am compiling a list of questions before I phone them, you guys are welcome to add some questions if you like


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#12 sommerso

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Posted 06 June 2018 - 09:26 AM

Which broker are you using? 

 

Do you know if the registered address is also changing? 

 

 


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#13 Hemper9

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Posted 06 June 2018 - 09:20 AM

Yes.. Waiting for a reply from Interactive Brokers, they originally said it is not possible to transfer.. Just want to make sure both brokers are in agreement..

 


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#14 Dusty Mountain

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Posted 06 June 2018 - 09:09 AM

Costing I've received for the transfer:

 

R2000 and then below CSDP fees:

 

Share Value of Securities: R1 - R50 000: Standard Fee: R435 Fast Track Fee: R870

Share Value of Securities: R50 001 - R2 000 000: Standard Fee: R870 Fast Track Fee: R1740

Share Value of Securities: Over - R2 000 001: Standard Fee: R1740 Fast Track Fee: R3480

 

Thanks Hemper

 

Are you going to proceed with transfering from JSE to ASX?


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#15 Hemper9

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Posted 06 June 2018 - 08:31 AM

Costing I've received for the transfer:

 

R2000 and then below CSDP fees:

 

Share Value of Securities: R1 - R50 000: Standard Fee: R435 Fast Track Fee: R870

Share Value of Securities: R50 001 - R2 000 000: Standard Fee: R870 Fast Track Fee: R1740

Share Value of Securities: Over - R2 000 001: Standard Fee: R1740 Fast Track Fee: R3480


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#16 Hemper9

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Posted 05 June 2018 - 03:15 PM

Hi Hemper

 

Can you share the details of your broker, might be worth his while if there are a few of us willing to go that route?

 

I`m also keen on the whatsapp group.

 

Remember, even if we are able to transfer our shares to the ASX, we will still be in the same situation and a bit out of pocket for any applicable fees. 

Absa Stockbrokers, they sent me the attached form..

 

I am still hoping there is some kind of favorable outcome when that detailed booklet is sent to us. If not, if my shares are transferred over to the ASX I can at least sell and maybe buy AMAL. No volumes on the JSE, doubt I will even be able to sell all of my shares, so transfer seems to be my only option.


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#17 Dusty Mountain

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Posted 05 June 2018 - 03:02 PM

Thanks again!

 

Just got a reply from my SA broker, they say it is possible to transfer to the ASX and they will facilitate, sent me a form from Computershare to complete.

 

Hi Hemper

 

Can you share the details of your broker, might be worth his while if there are a few of us willing to go that route?

 

I`m also keen on the whatsapp group.

 

Remember, even if we are able to transfer our shares to the ASX, we will still be in the same situation and a bit out of pocket for any applicable fees. 


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#18 Hemper9

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Posted 05 June 2018 - 03:02 PM

I would be keen on a whatsapp group.

@Hemper9, any idea what costs would be for transfer?

+1 on the whatsapp group.. I will start the process in the morning, will let you guys know..


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#19 sommerso

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Posted 05 June 2018 - 02:57 PM

Those interested. Drop me a PM with your number as we'll make it so. 


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#20 Agent47

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Posted 05 June 2018 - 02:52 PM

I would be keen on a whatsapp group.

@Hemper9, any idea what costs would be for transfer?
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