On 16th October 2014 London Mining PLC (London) announced that it had appointed Russell Downs and Peter Dickens of PricewaterhouseCoopers (PwC) as joint Administrators of the Company.
This followed a longer than expected period of negotiations between London and the potential buyers of the Maramba Mine amd was also prompted by a lack of liquidity due to the dramatic fall in iron ore prices.
Following PwC's appointment, Liberum Capital Limited resigned on 16th October 2014 as Nominated Adviser and Broker to the Company with immediate effect. If London fails to appoint a replacement Nominated Adviser within one month, the admission of its Alternative Investment Market (AIM) securities will be cancelled.
We will notify you on receipt of any further information from the Administrators.
hope here on some of recovery.........this aint miracle on 34th street........................people need to accept that their money is gone up in a cloud of smoke.......the BOD may have likely reovered some of their money at shareholders expense.
this is dead as per the rns, was dead at 0.15p and the mms did what thye do best and trap people in on a big rise, live TVZ and then the LOND page will be deleated. I have some shares from 2008 and they just sit in my PF as NA - just a loss I have to take. Same here.
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