CYL - Catalyst Metals

[Burton]

on asx website the status is XE. the definition is as follows:

******************
XE ex entitlement
XE first displays for a security from the morning of the Ex Entitlement date (generally four business days before the record date) and remains until the close of business on application's close date. Trading in securities displaying XE on ITS does not carry the right to securities in the entitlement issue. For more information refer to the description of Cum Entitlement. All orders are purged at the end of the trading day prior to the security being quoted on an XE basis.

****************

i'm still learning the jargon but does this confirm buying today measn you arent entitled to options?

 

[YOUNG_TRADER]

oh, ok

Makes sense then, whenever something goes EX they purge orders

 

[dubiousinfo]

Rights issue is the same as a dividend. You only need to hold on the day before ex date. You do not need to hold till the record date to get the entitlement. So If you held yesterday you can sell today and still get your entitlement to oppies.

 

[Burton]

ok, cool. so what do they mean when they say nov 16th is the 'right to entitlement' ?!?

 

[Sean K]

Sold half. Not going the way I like. ie, up.

 

[YOUNG_TRADER]

I don't think you get rights Sean if you aren't holding on the record date being Friday,

I reckon another ann will get it up to 35c!

Its those opies I want!

 

[dubiousinfo]

I spoke to the company secretary and he confirmed that it was the same as a dividend entitlement, if you were holding on the day before the ex date you would get the entitlement. You do not need to hold till the record date.

The 4 business days between the ex date & the record date is to allow the share registry to get an accurate snap shot of the holdings as on the record date & pass the information onto the company. When the company gets the information of who was holding on the ex date they register each holder for the entitlement. Hence why they say holders registered by 5:00pm on the record date get the entitlement. So all you need to do to be registered for the entitlement is to hold on the day before the ex date.

I have sold all my holdings & moved into AIM, the oppies I get are enough of a holding for me in CYL.

 

[YOUNG_TRADER]

Didn't want to take any chances,

Sold my 100k today at 30c-29c made $5k, but more importantly get 50k opies

 

[Caliente]

hey, just got my options letter in the mail today. What does the 1 cent mean. Is it 1 cent just to acquire the options, or is it 1 cent to exercise them?!?! (highly unlikely I know!). If not, whast the exercise price?

 

[bvbfan]

1c to buy the options from the company and 20c to exercise the options

 

[YOUNG_TRADER]

Anyone else get theirs already?

 

[Sean K]

Anyone else get theirs already?

Not yet, but my mail seems to take forever, or not even turn up.

 

[YOUNG_TRADER]

Same with me Sean, must just be slow Melb mail, I'll never forget how I got dicked around with MTN priority

 

[YOUNG_TRADER]

Got my form just then

 

[Caliente]

1c to buy the options from the company and 20c to exercise the options

thanks!

 

[Sean K]

Mine arrived.

 

[YOUNG_TRADER]

Eek my how the tables have turned,

Just look at the Buy depth vs Sell depth

Previously heaps of buys with very few sellers, now its the other way around, needs another ann to get share price kick started

Glad I sold my 100k @ 30-29c

 

[nizar]

I'll never forget how I got dicked around with MTN priority

You mean with USA?
It never did anything on the open anyway, so nothing lost.

 

[Sean K]

There are 3 buyers of this stock with a total value of $4637.50. That fell though holes in my pockets over the weekend.

 

[Caliente]

yeah, this is one raggedy ass sorry looking stock indeed. Praise the good men up above for the options ^_^