Misleading........really. I don't hold these shares......thank goodness and I've got more of a handle on what's going on than most of the munters on here. If you're all down as much as Celtic it's no wonder you are all a bit tetchy. As for thinking this is going to go up IF it re-lists next month, then keep on dreaming. 623bopd with a bit of cash to blow doesn't make a share worth 0.8p lol As for trying to influence holders on here, I don't care what holders think, you ve been wrong for so long someone talking sense isn't going to influence you now, however it might stop someone investing in this POS! The shares suspended so it hardly effects the sp, all 0.5p of it.
Thanks Oma. Hopefully Range / Core have got everything teed up ready to go based on Friday's vote, and that there won't be any extended hanging about, otherwise arguably a bit misleading if Range has mentioned the 5 days and not the 10 or 20.
My understanding is that the precedents referred to are 2 approvals that CORE are required to obtain from the Chinese Regulators before funds can be released. The conditions are standard in all contracts of this nature.
One is called MOFCOM which is approval for he transaction at provincial level, the other is SAFE which is the approval to transfer foreign currency funds.
The former can take up to 20 days, the later 10 working days.
The 2 approvals can take place in parallel. The MOFCOM approval is made easier by the fact that there is a Chinese Embassy in Trinidad.
I understand these are moving forward but don’t know the completion date and neither will RRL I expect, only a lead time.
Q - "Assming that the shareholders agree to the financing, how quickly do the Directors expect to receive the cash proceeds from Core Capital?" A - "Once the shareholder approval is obtained and any other final conditions precedent are satisfied, the Company expects to receive the proceeds within 5 business days."
I suspect Poodle's suggestion of a month to wait is a wee out of date reference (for whatever nefarious reason) to the end of April date which was a backstop for the GM which happened yesterday, dealt with in Q2 of fhe same Q&A document.
If you dobut that the 5 days is still the case, feel free to ask the question in the upcoming Q&A which is due for release next Thursday. Anyone who wants to route questions via RIG, please do so by Monday, to firstname.lastname@example.org.
yuffspetpiddl isn't expressing a view he is making inaccurate statements putting them over as fact. What are his motives? Is it trying to screw up newbies like yourself or simply because he has a warped mind?
Abrahams 55% of the vote ( not close associates ) of dc muhaha..Texas 250k in the bank & shares to boot back of the net!!!..drilling services sold to LO top dollor paid...$300.000 paid to Paul d'sylvia ermmm why...Q1 target close yes the futures rosetinted
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