For el limon and kenya. I am being extremely cautious as ever and booking both at zilch i.e. costs to equal reward. Realistically though I expect the figure to be positive and if so will up my price target. Time to get back on board seingred or will you be waiting for me to increase back to 100% and then buy in at higher price lols, follow in my foot steps. After all it did prove to be profitable tactic, following the JONNSTONE.
and to the Greenland burier rns from April 4th 2014. As many long termers will remember the day before a new poster made a post to tell us that NAMA were selling their share of the Greenland asset on I think it was called the merger network website. Then PIs contacted AB and then the very next day in this rns he buried the Greenland news amongst other meaningless updates. So it was the classic "bury bad news" RNs.
Who is the arbitration panel.oxs arbitration took about 5 years to fail at the last minuteand cost many dilutions.you would do well to write down value to zero or worse if arbitration is followed.some predicted costs would be good.the el limon deal reminds me of the sad sight of a desperate prime minister brown nosing some of the worlds nastiest despots for a deal.bell accepted a very poor deal that was drastically downgraded by the buying party.it was a bad bit of business in the aquisition stage as well as the exit .and goes a long way to explaining rrr drastic fall along with greenland.it is no surprise to ltholders that the sale legals are not watertight,especially anyone who remembers the greenland deal.rns have generally been unclear.hence while there were very many posters during the greenland debacle reading great things through the rns,it was clear as day to myself and magic that from what was not confirmed in subsequent rns that things were not going o plan.
The time line goes like this - briefly CML was a private company owned by Randy, he did a deal with PARA so they loaned him money to buy El limon, CML then sold all its assets back to PARA in an attempt to steal RRR's El limon asset, literally they will never relist CML, this is a scam perpetrated by Randy Martin.
CML don't own any assets, they sold off all RRR's El Limon asset for cash and shares when Randy Martin became president and COO of PARA.
Tomstone, the details shareholders were given in the relevant RNS state that the prom note is only exercisable :
1) if CML become a listed company or 2) if CML vend the assets into a listed entity
As far as I can see, neither of those things have happened. Feel free to convince me otherwise. Isdeer tried, but just gave frustrated emotive sound bites. Let's deal in facts. Does, or does not FPM own the El Limon mine?
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.