Trading Bougainville Copper (ADRs) 867948

dann holt sich der deckler halt woanders neue. wenn sich der bestand rt reduziert, wissen wir, dass die es sind, die einen Basispreis für den png Anteil schaffen wollen. dann geht das deckeln noch genau so lange, bis der deal steht, so fern dies denn wirklich der grund ist. mal sehen, die woche könnte es zeigen...  

.....wird darüber Auskunft geben,lässt aber noch auf sich warten.

PC verweist an Computershare, diese antworten "coming soon"

Passiert ist nix.;-(((

.......RT hat dann JPM,GS oder Citi beauftragt den Kurs zu deckeln (short),ihre Position für alle sichtbar zu reduzieren wäre da zu auffällig. ;-))))

"...Analysts show concern over Citi’s emerging-markets business..."
http://blogs.marketwatch.com/thetell/2013/07/15/...ts-42-profit-rise/
http://www.americanbanker.com/syndication/...d-capital-1060482-1.html

Naja - wenn das die Shortseller sind - dann möchte ich nicht der Käufer von deren ungedeckten Aktien sein, da die recht große Räder im Derivate Markt drehen - weit größer als ehemals Lehmann. Wenn da was schief geht, können auch die Käufer der Leer verkauften Aktien ganz schön viel verlieren und das ist doch recht frustrierend, wenn dann auch noch die Leer verkaufte Aktie kräftig steigt - weil z.B. Panguna öffnet. Nein Danke!
 

.......ist der Nominee der ungedeckten ADRs, welche sich noch in den US Depots befinden.

ich dachte die adr-holder wären damals abgefunden worden??? siehe unten .... hast du da mehr info`s ???



Termination and Mandatory Exchange of DRs
Bougainville Copper Limited

Further to our notice date June 18, 2009 in regards to the termination of the DR program of

Bougainville Copper Limited, The Bank of New York Mellon hereby announces that it has sold the securities underlying the ADRs of Bougainville Copper Limited.
Please be advised that effective June 28, 2010, holders of Bougainville Copper Limited ADRs must surrender their ADRs for cancellation in order to receive payment of the proceeds received at the following rate:
Gross Rate per ADS: Cancellation Fees per ADS: Net Rate per ADS:
$0.449750 $0.050000 $0.399750
June 24, 2010
As we mentioned in our previous letter, we have terminated the ADR facility for Bougainville Copper Limited, as of July 24, 2009 The Bank of New York Mellon will mail a notice to ADR holders with instructions to surrender their ADR certificates for cancellation in order to receive payment of these proceeds.  

...ebenfalls ausbezahlt ....


Corporate Action Announcement
Citibank, N.A., acting as depositary bank, announces the following:
     Date:§July 12, 2010 Status: Final
                    §
Announcement For: Cash Distribution, Termination
                    §
Company Name: Bougainville Copper Ltd
                              §
Security Information
  Company:§Bougainville Copper Ltd
Ticker Symbol: BOCOY
    CUSIP:§101395200
  Country:§New Guinea
 Exchange:       OTC          §
Ratio (ADR:ORD): 1:1
Underlying Ticker BOC AU
Underlying ISIN:: PG0008526520
DR ISIN: US1013952007
Custodian(s) Name: Citibank Melbourne


Announcement

Citibank voluntarily resigned as an unsponsored depositary agent for the Bougainville Copper Ltd ADR programs along with the other three unsponsored depositary banks. In accordance with the terms of the deposit agreement, the termination date was thirty days from the notice dated June 17, 2009. As a result of the effective termination, ADR holders were given six months from the termination date to surrender their current ADRs in exchange for ordinary shares

After the six month period, the remaining ordinary shares were sold in the local market and the sale proceeds were converted into US dollars.
continued

ADR holders are entitled to receive the following cash distribution upon surrender of their ADRs.

Cash Distribution Rate:

Gross Rate: $0.443850
      Fee:§ $ 0.05
Net Rate: $0.393850

Note: There are multiple depositary banks on this unsponsored issue, therefore DTC will blend the payment rates received from the various banks.


Shareholder Services
Questions may be directed to Shareholder Services toll free at 1-877-248-4237

For further information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
 

Nur die ADR Holder welche ihre ADRs nicht zum Tausch eingereicht hatten.

......."with instructions to surrender their ADR certificates for cancellation"

Dass +40 Mill. Short ADRs welche schon Jahre oder Jahrzehnte in den Depots lagen zu diesem Witzpreis zur "cancellation" eingereicht wurden, zudem genau in dem Moment wo die "Reopeningdiskussion" von Tanis angefeuert wurde darf bezweifelt werden. ;-))))

die anzahl der nicht ausbezahlten aktien wäre interessant, d.h. die defacto getauscht wurden. hast du da evtl. info`s ?????




ESBC statement on Bougainville Copper ADRs
The unsponsored American Deposit Receipt (ADR) program has been cancelled in July 2009 by the emitting US banks. Most of investors who had bought these securities have received an offer from their broker to exchange their ADRs into ordinary shares of Bougainville Copper Limited (BCL). This offer was limited for six months only and due to a transaction fee. All investors who did not accept to convert into ordinary BCL shares were automatically compensated according to the share price resulting from the sales of the deposited ordinary shares. These were sold out until July 2010.  It might have happened that your broker failed to make you an appropriate offer for this exchange. In that case and under condition that you have not yet been compensated, you should insist to get your BCL ADRs converted into ordinary shares by fair dealing. In case of any problems you should see a consumer advice centre.

The ESBC have always been the representation of holders of ordinary Baugainville Copper securities. In the past the ESBC advised investors repeatedly not to buy American Deposit Receipts. The ESBC always recommended buying ordinary BCL shares. Today, more than ever before, the ordinary Bougainville Copper share is an extreme valuable investment with an excellent future prospect. You absolutely should not miss this great opportunity because of some harmful losses in investing in BCL ADRs.
 

Dazu gibt es keine mir bekannten Infos.

Einen Hinweis auf die Grösse der Shortposition gab mir Lisa Hayes von JPM

http://www.ariva.de/forum/...-ADRs-867948-304728?page=118#jumppos2972

hätten wir ihn spätestens in Deutschland wieder gesehen,war bisher jeden Tag so, nur heute nicht, man läßt den Kurs machen, allerdings fehlen aktuell die Anschlußkäufe, so das wir auch schnell wieder falen können, Stärke ist in dem Kursanstieg jedenfalls noch nicht drin  

http://ramumine.wordpress.com/2013/07/17/...an-lets-invest-in-frieda/

WAS SOLL DARAN CRAZY SEIN???

Mining Minister Byron Chan has another crazy idea to waste millions of kina of taxpayers money – investing in a mining project the mining companies think is uneconomic and unfeasible…
Govt plans to take over Frieda project

The National aka The Loggers Times

THE state may commercially take over the development of the large Frieda River copper project, Mining Minister Byron Chan told Parliament yesterday.

Chan said the project, which was in Telefomin, West Sepik, had undergone various explorations and pre-feasibility studies over the years and the results had been positive.

But, he said the project remained undeveloped and the current consortium was dragging its feet.

The Government was contemplating increasing its shareholding in the project to take controlling interest, he said.

   “The Government has expressed interest through the Public Enterprise and State Investment Minister Ben Micah to acquire more shares in Frieda. This position is now being investigated.

   “The project has not been prioritised by the company because of current development in the world market but the government is aware and has support of MPs from the affected provinces of West and East Sepik to take the opportunity.

   “It is on the market and the government is looking at taking over the project.

   “Government has the expertise, knowledge and experience with finance and partners to do develop the Frieda River project.

He said the government needed an estimated K5 billion to K7 billion to develop the project which would cover costs for infrastructure such as ports and roads.

natürlich nicht, weil noch keiner so wirklich glaubt, dass er weg ist. so ist halt die Börse. ist er weg, ärgern sich die, die nicht schon heute, sondern erst am freitag für +X kaufen :-)
darin bin ich dann eingeschlossen :-)
aber auf die paar Cents...  :-)  

Freu dich da nicht zu früh, auch am 4 u. 12 Juli wurde bei den letzten Tagestrades in AU nicht gedeckelt. (SK 43 u. 41 ct)

Vielleicht wollte man nur den zweifellos vorhandenen Kaufdruck testen.(siehe #16463 )

Besser wäre es natürlich wenn die ASX den Trickys auf die Finger geklopft hätte.

Dann sehen wir morgen mit Sicherheit höhere Kurse ;-)))))))

Panguna strategy charts positive road for Bougainville

http://asopa.typepad.com/asopa_people/2013/07/...or-bougainville.html

by LEONARD FONG ROKA


BOUGAINVILLE’S LEADERS AND political authorities  and are looking at the Panguna District – site of the former copper and gold mine - as the catalyst for an economic leap for the autonomous region of Papua New Guinea  in the north of the Solomon Islands archipelago.


In terms of natural resources, Bougainville is the largest and the richest island of the Solomon archipelago. In 1899 it became part of the German New Guinea colonial administration that used it as the launching pad for its New Guinea civilising effort taken over by the Australians after World War I.


In the 1960s, as the colonial ruler, Australia, preparing its New Guinea territory for nationhood, approved the development of the Panguna mine that became an important factor triggering the Bougainvillean struggle for self determination since.


Bougainville ended up part of the independent PNG state in 1975; but the accommodation kept PNG quaking as the protests in Bougainville continued.


In 1988, after all the years of dissatisfaction and peaceful protest by Bougainvilleans, the Panguna mine became the catalyst of action to tear down PNG’s exploitative rule of the Solomon Island people of Bougainville.


A decade later, with the dawn of the Bougainville peace process, the Panguna District leadership played a significant role in finding a solution to the conflict that had sacrificed the lives of some 15,000 Bougainvilleans and much property destruction.


But internal politics in the Kieta area affected progress in development and peace-building for the Central Bougainville region.


The conflict had being complicated and without much room for understanding and negotiation; thus it had divided the people. Kieta had seen factions led by men like Chris Uma, Moses Pipiro and Ishmael Toroama.


With Bougainvillean leaders looking at the Panguna mine as the economic driver for the future development of Bougainville after the referendum planned 2015-2019, there are moves by the people across Bougainville calling for the re-opening of the mine.


There is evidence that this is creating change in the hearts and minds of the Panguna people.


A few months ago, leaders in Panguna created the Panguna Peace Building Strategy (PPBS) that is now playing significant roles in uniting the people of the District.


Operating under the Panguna District Administration, the strategy now oversees the peoples’ views on mining in the villages not only of Panguna but across many areas of Central Bougainville and South Bougainville’s Bana District.


Landowners understand what the leaders of the Autonomous Bougainville Government want. Last week, all Panguna mine site landowners from Pirurari, Dapera, Moroni and Guava met in Panguna with the Panguna Peace Building Strategy to voice their concerns over the re-opening issue.


The landowners said they are willing to welcome mining to help finance the compensation for lives and property lost in Bougainville.


Furthermore, they are willing to allow mining for economic recovery and strengthening of Bougainville independence. To them innocent Bougainvilleans died for independence and this challenge must be met.


The gathering also heard that, before mining resumes, the ABG and whoever is the mining company should let them know about their future life as a result of mining operations: issues such as automatic employment and good compensation or royalties.


Their most pressing demand was to close the door to all non-Bougainvilleans.


Landowners also wanted a new waste disposal system. They don’t want gravel stockpiled on the dumps already in existence and they do want environment-friendly management of waste from the concentrator mills down the Tumpusiong Valley and in the sea in South Bougainville.


The meeting heard that the new mining venture must grant all mine sub-contracts for catering, tyre services and other services to Bougainvilleans and allow no firm outside Bougainville to tender.


They said Bougainvilleans are innovative people so the miner should come first with education for Bougainvilleans.


The landowners want to see every village across Bougainville connected by sealed roads; every river to have permanent bridges; and every island community to have a jetty. These improvements are what the mining company should think about before talking about re-opening the mine.


One great breakthrough for the Panguna people is the conflict between Bougainville Revolutionary Army leaders, Ishmael Toroama, Chris Uma and Moses Pipiro, which is scheduled for reconciliation late this month.


This trio with their followers have long kept the people divided politically and have also regularly fought each other over their own personal interests, mostly over the Panguna mine site and money from scrap metal and government projects.


In line with this, ABG President Dr John Momis will soon be visiting Guava Village for the first time as Bougainville president.


These events certainly indicate that Bougainville is moving and not stagnant.

If you had gone on holidays on the 1st of July when the SP was 40 cents and come back this afternoon to find it 45 cents (12.5% more) you would be cheering.

Sit back and relax...it just needs time.

Either buy or sell and stick to your decision....after all, when you plant a rose bush you don't pull up every week to check how the roots are doing?

Cheers,

I went 4 vacation 27th of June and when I came back yesterday (16th of July) I saw a drop of the share price from 0,35 to 0,29 ... roughly a 20% slip ...

I don`t like thorny rose bushes ... let`s keep fingers crossed that we will see an upswing shortly and investors not losing their patience ....

cheers for fears ....  

war der Zwangsrückkauf der ADR.
Frage: Läuft da jetzt etwa die Verjährung aus (statute of limitations) ?  

property damage: 3 years
http://www.nolo.com/legal-encyclopedia/...state-laws-chart-29941.html  

und was macht Australien heute nacht?  

Welche Verjährung?

Citibank voluntarily resigned as an unsponsored depositary agent for the Bougainville Copper Ltd ADR programs along with the other three unsponsored depositary banks.

Die hatten das ADR Programm angeleiert u. später gecancelt.

Formaljuristisch korrekt,oder?

Nur über die Tauschgebühren von 5 ct pro Share liesse sich streiten, die wurden schliesslich bei der Konvertierung von Shares in ADRs schon 1x kassiert.

Vermögensschäden verjähren in einzelnen US Staaten nach 3 Jahren. Wäre der Kurs schon jetzt höher - entsprechend der Nachrichtenlage - so würde wohl der eine oder andere ehemalige ADR Besitzer per Anwalt prüfen lassen, warum seine ADR's "zwangsrückgekauft" wurden zu dem bekannten Kurs. Aber wie gesagt: nur eine Möglichkeit - aber man fragt sich schon, warum wurde das ADR Programm gecancelt + was deckelt den Kurs?  

Es stand doch jedem frei seine ADRs in Originale zu tauschen,oder?

die Daten zu Ablauf des Programms, Wandlung, Wandlungsdatum, Wandlungspreis, Stückzahl? Ich hatte keine ADR's - glaube aber, dass nach Ablauf der Kurs stieg - also vor Ablauf "unten blieb", um den Zwangsausbezahlten nicht zu viel überweisen zu müssen?
http://www.comdirect.de/inf/aktien/detail/...mp;indicatorsBelowChart=


 

konnten sie tauschen in die Aktie.
Aber tauschten US Anleger auch in die dann nicht mehr in USA gehandelten Aktien? Immerhin täuschte das zurückgezogene ADR Programm ja auch Desinteresse an der Aktie vor.
Und die, die nicht tauschten - wieviele waren das? - bekamen eben das Geld.
Bei dem Kursverlauf VOR Ablauf des Programmes, werden wohl auch viele nicht getauscht haben - eben wegen des schlechten Kursverlaufes.