RPT - Redport Limited
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Sean K
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Good question laurie. I'm going to wait on more information and hopefully some other interested party bobs up.
If it does go to Mega, I'll have to look closer at what Mega actually own. More research required.
If it does go to Mega, I'll have to look closer at what Mega actually own. More research required.
Sean K
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RPT directors are recommending accepting the new offer afetr Mega have split their shares in 2. Deal will make Mega/Redport a top 10 uranium digger.
The question about how we trade the shares is interesting. Apparantly Mega are going to make a Canadian broker available for us in the future if we want to sell. Seems like a bit of a dick around to me....
I think I'll sell mine before hand to reduce the hassle.
The question about how we trade the shares is interesting. Apparantly Mega are going to make a Canadian broker available for us in the future if we want to sell. Seems like a bit of a dick around to me....
I think I'll sell mine before hand to reduce the hassle.
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kennas said:
Will there be any additional tax implications or do the normal Oz rules apply?
This is all getting to be a little more of a hassle than its worth
I received Mega shares from the Hmr take over and still hold them. I sent my stock certificate in to my on line broker Directshares with a "Stock Power" form and I can sell them but only over over the phone. However the proceeds take about 4 weeks to arrive in my account.
Sean K
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I sold out at $0.145. Money gone into SMM.
Caliente
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Hi, called redports line and the ladies on the phone there were completely useless in regards to helpful information.
Here's what I found out.
-Any residual shares will get rounded up. (so if your holding doesnt divide exactly into 574 its ok ^_^ )
- Tax implications. "Talk to your financial advisor". They wouldn't say, as they're not legally allowed to.
- Broker. Gotta use international brokerage. This is going to bite. Commsec is $US 65 minimum or 0.75%.
- As for the final valuation, at 20 Mega shares per 574 redport, its essentially, Value = mega/redport price. At the moment, mega is trading at $4.50 canadian or ~ $AU5.27
Thus, this values our redport shares at 18.4c
Hence, despite all the weird issues I think I'll hold and accept the offer.
Here's what I found out.
-Any residual shares will get rounded up. (so if your holding doesnt divide exactly into 574 its ok ^_^ )
- Tax implications. "Talk to your financial advisor". They wouldn't say, as they're not legally allowed to.
- Broker. Gotta use international brokerage. This is going to bite. Commsec is $US 65 minimum or 0.75%.
- As for the final valuation, at 20 Mega shares per 574 redport, its essentially, Value = mega/redport price. At the moment, mega is trading at $4.50 canadian or ~ $AU5.27
Thus, this values our redport shares at 18.4c
Hence, despite all the weird issues I think I'll hold and accept the offer.
Caliente
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Oh yes, can ANYONE shed light on canadian tax laws? I'm just reading through the bidders statement now.
From the bidders statement. Tax considerations start at page 81 of the document.
I cant seem to extract text from the pdf, its coming up all ???? ???? so I'm going to attach images of some interesting portions of the document.
WARNING: I am not licensed or qualified to give tax advice, so in the words of chicken "make your research".
From the bidders statement. Tax considerations start at page 81 of the document.
I cant seem to extract text from the pdf, its coming up all ???? ???? so I'm going to attach images of some interesting portions of the document.
WARNING: I am not licensed or qualified to give tax advice, so in the words of chicken "make your research".
Attachments
MGA as of 06/08/06 have changed from TSXV to the TSX which considered to be an important milestone and is expected to provide the company with improved access to capital, broarder market recognition and exposure to new business prospects.
I'm sitting on a nice profit @ 0.185 and the way MGA is going will probably be more once the offer is complete, as for the brokerage i don't care, MGA's value is roughly 15% - 16% more than RPT.
Holding for now.
I'm sitting on a nice profit @ 0.185 and the way MGA is going will probably be more once the offer is complete, as for the brokerage i don't care, MGA's value is roughly 15% - 16% more than RPT.
Holding for now.
Caliente
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hey, is it necessary to do anything to accept the offer, or can we just hold our shares and wait to be consumed?
does anyone know when we are allocated or phisically own mga shares. just getting a little bit excited as mga hit $4.90 cad, thats equal to $0.199 aud in rpt shares. mga's 12mth high is $5.40 cad and with uranium hotting up this high might get broken soon. $$$$$$
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I'm not up to speed with RPT....how are they going now?
They were looking at S-Africa at one stage as well weren't they?
They were looking at S-Africa at one stage as well weren't they?
Caliente
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Morning Barbarian, things are looking sunny for Redport aka Mega Redport. Check megas website for announcements. Last I checked, they bought tenements in columbia and also have a 6.25% in the new IPO NorthernUranium.
Sean K
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Been taken over.....yonks ago.
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