Process for converting ASX:PMGOLD to physical

Discussion in 'Gold' started by Slam, Mar 24, 2021.

  1. Slam

    Slam Well-Known Member Silver Stacker

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    Hi All,

    I'm wondering does anyone know how to convert ASX: PMGOLD to phsyical, exercising the fabrication rights?

    I don't trust the Perth Mint and given I'm in the red for PMGOLD. I'm willing the YOLO the damn thing into physical to stick it to the bankers.

    ASX: PMGOLD bought through commsec, appreciate if anyone has any documentation on the process.

    Cheers.

    Slam
     
    Slam, Mar 24, 2021
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  2. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Fill out and lodge the Exercise Notice on Page 34 of this doc. Fabrication charges are listed on page 32:

    Perth Mint Gold
     
    Last edited: Mar 24, 2021
    wrcmad, Mar 24, 2021
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  3. Slam

    Slam Well-Known Member Silver Stacker

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    Thanks Wrcmad, I'll look into this and check out what the costs are like.
     
    Slam, Mar 24, 2021
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  4. RobB

    RobB New Member

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    Note the process for conversion changed WEF 1 July 2021. Direct exercise is no longer available, the PMGOLD owner can now only convert to unallocated using the PDS form (a Depository account will need to be established), then convert to allocated, then request physical delivery or collection.
     
    RobB, Aug 15, 2021
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