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EMC - Everest Metals Corporation

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Re: USA - UraniumSA

sorry, i'm new for option thingy.
can someone pls explain to me about this?
let say i own 10000 shares and i hold for 3 months, i will get 5000 options, right?
then how to sell this options ? is it the same with shares itself?
thanks for your input
 
Re: USA - UraniumSA

I also called computershare this morning and at first the guy didnt have a clue, then he looked in the prospectus which I'd already looked at and was told that if you were a shareholder on the record date you would get the bonus options. I then queried him about the loyalty part and he still seemed to think that you would get them if you held on the record date, but he wasn't sure.

I was going to contact the company but decided I didn't like having such a large shareholding in a small explorer so I sold half and will keep the rest for the options.
 
Re: USA - UraniumSA

silkyoak said:
I just phoned them this morning, they informed me that if you bought shares
yesterday and hold for the 3 months you will be allocated options 1 for every
2 shares you hold.

cheers
Click to expand...

I wish these guys would have told us earlier or put it in the news so that the sp would have risen further.
 
Re: USA - UraniumSA

I phoned the company spoke to the sec,she phoned me back comfirmed I was entitled,and that we will be kept up to date regarding options.
 
Re: USA - UraniumSA

So, just to clarify...

I bought in yesterday... this means I will be granted options exerciseable in 3 months?

What was the record date out of interest?

THanks.
 
Re: USA - UraniumSA

What an avg listing for so much hype

I made more on MRU (50% with shares + another 30% with opies = 80%)

I really thought this would easily get 40c list,


Oh well just goes to show you really never know what will happen
 
Re: USA - UraniumSA

This is what the Prospectus says ....

"It is the intention of the Company to issue Loyalty Options to Shareholders on the register some 3 months after the date of ASX listing. The issue will be on the basis of 1 Option for every 2 Shares, held at that time. The Options will expire three years from the date of issue and the exercise price will be 25 cents. Application will be made to have the Loyalty Options listed on ASX."

Does this mean all shareholders in 3 months time will receive Loyalty Options?
 
Re: USA - UraniumSA

Rainbowsend_au said:
This is what the Prospectus says ....

"It is the intention of the Company to issue Loyalty Options to Shareholders on the register some 3 months after the date of ASX listing. The issue will be on the basis of 1 Option for every 2 Shares, held at that time. The Options will expire three years from the date of issue and the exercise price will be 25 cents. Application will be made to have the Loyalty Options listed on ASX."

Does this mean all shareholders in 3 months time will receive Loyalty Options?
Click to expand...

I have a feeling we have been through this before. Have a look at posts 116, 117 & 118 on this thread. Still not clarified IMO. Regards YN.
 
Re: USA - UraniumSA

Yep, just read those previous posts.

I suspect that this sentence is the important one ....

"It is the intention of the Company to issue Loyalty Options to Shareholders on the register some 3 months after the date of ASX listing."

I read that to mean Shareholders on the register at the time USA decides to issue them.
 
Re: USA - UraniumSA

Rainbowsend_au said:
Yep, just read those previous posts.

I suspect that this sentence is the important one ....

"It is the intention of the Company to issue Loyalty Options to Shareholders on the register some 3 months after the date of ASX listing."

I read that to mean Shareholders on the register at the time USA decides to issue them.
Click to expand...

sorry, I know I was 99% wrong this morning about only IPO holders getting the loyalty options, but that would be crazy...means I could buy shares in 2 months and 29 days time to get the loyalty option...I think the record date will be based on those who held from the IPO and those who bought yesterday. I doubt it would include Johnny come latelies.

Someone at the registry should be able to answer this, just need to find the right person...good luck :)
 
Re: USA - UraniumSA

Rainbowsend_au said:
Yep, just read those previous posts.

I suspect that this sentence is the important one ....

"It is the intention of the Company to issue Loyalty Options to Shareholders on the register some 3 months after the date of ASX listing."

I read that to mean Shareholders on the register at the time USA decides to issue them.
Click to expand...
yes i agree with that 100%..in other words no rush to buy in
 
Re: USA - UraniumSA

petee said:
yes i agree with that 100%..in other words no rush to buy in
Click to expand...

Umm i don't think you understand what that meant. It means that people who were on the IPO get the options after 3 months and investors who didn't buy on the IPO get it as well.

As for the no rush to buy.... i'm not sure what you mean by that. You still have to hold close to 3 months.
 
Re: USA - UraniumSA

From talking to the company, I understand that they will shortly announce a Record date… all shareholders who hold on that date (whether you bought in at IPO or afterwards) will be entitled to the loyalty options, as long as you hold for 3 months.

So in a sense, it is important to “rush in” as you don’t want to hedge your bets as to when the record date will be.
 
Re: USA - UraniumSA

I am sort of confused about the issue of loyalty option, so I emailed to MD yesterday morning, and just got reply as follows:

"Dear XXX,

The Board will decide and publicise a "record date" for entitlement to the
loyalty options. The "record date" will be some 3 months after listing but
the exact date has not yet been set. Parties who are shown as shareholders
on the Company Register on that "record date" will receive the 1 for 2
loyalty options. You should be aware that it can take several days for a
sale or purchase of shares to be entered to the Company Register.

Regards
Russ Bluck
managing Director
UraniumSA Ltd "

IMO, USA share price would run like UXA rather than UTO.
 
Re: USA - UraniumSA

Accaeric said:
I am sort of confused about the issue of loyalty option, so I emailed to MD yesterday morning, and just got reply as follows:

"Dear XXX,

The Board will decide and publicise a "record date" for entitlement to the
loyalty options. The "record date" will be some 3 months after listing but
the exact date has not yet been set. Parties who are shown as shareholders
on the Company Register on that "record date" will receive the 1 for 2
loyalty options. You should be aware that it can take several days for a
sale or purchase of shares to be entered to the Company Register.

Regards
Russ Bluck
managing Director
UraniumSA Ltd "

IMO, USA share price would run like UXA rather than UTO.
Click to expand...

If thats the case, i hope they give plenty of time for investors to buy this stock after they announce the record date so this share would rocket. :)
 
Re: USA - UraniumSA

If that’s the case what’s so “loyal” about the loyalty options?? You could buy in a couple of days before the record date, get the options, then flick on your shares!

Oh well.. I don’t make the rules!

SO hang on.. say the SP was $0.50 approaching the record date.

What’s to stop me taking out a massive loan to buy enough shares to qualify for, say a million options and then basically getting a free (0.50-0.25) $250K when I exercise the options?? I guess the SP itself would drop a little.. but I doubt by 25c…
 
Re: USA - UraniumSA

feeding_the_fire said:
If that’s the case what’s so “loyal” about the loyalty options?? You could buy in a couple of days before the record date, get the options, then flick on your shares!

Oh well.. I don’t make the rules!

SO hang on.. say the SP was $0.50 approaching the record date.

What’s to stop me taking out a massive loan to buy enough shares to qualify for, say a million options and then basically getting a free (0.50-0.25) $250K when I exercise the options?? I guess the SP itself would drop a little.. but I doubt by 25c…
Click to expand...

lol i reckon its to stop people from selling and driving the price down and whither away like most IPOs do. They also want to reward people who are loyal to the company as well. I think its a pretty good strategy for these guys.
 
Re: USA - UraniumSA

feeding_the_fire said:
If that’s the case what’s so “loyal” about the loyalty options?? You could buy in a couple of days before the record date, get the options, then flick on your shares!

Oh well.. I don’t make the rules!

SO hang on.. say the SP was $0.50 approaching the record date.

What’s to stop me taking out a massive loan to buy enough shares to qualify for, say a million options and then basically getting a free (0.50-0.25) $250K when I exercise the options?? I guess the SP itself would drop a little.. but I doubt by 25c…
Click to expand...


Ahh but if that is the case and everyone will do the same - so you pay a big premium just before option date, and yes the stock price would drop significantly the day after the option date, alot of people will want out. So your shares and options reduce in value significantly and you are back to where you started, maybe even down.

I hope that is the case. There may infact be logic in selling the day before the option date if the premium is very high. Take your profits and run before the crash.
 
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