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Would that be CNOOC ( one of our strategic partners ) using the assets owned in partnership with us? Surely not!
How the fu ck are we not seeing any kind of update on the progress in regard to asset sales?
This was july..
05/07/2021 7:00am
UK Regulatory (RNS & others)
TIDMG3E
RNS Number : 0818E
G3 Exploration Limited
02 July 2021
2 July 2021
G3 EXPLORATION LIMITED
("G3 Exploration", "G3E" or the "Company")
Corporate Update
Please be advised that on 11 November 2020 in accordance with the Cayman Islands Companies Winding Up Rules ("CWRs"), the Joint Official Liquidators ("JOLs") determined that the Company should be treated as of doubtful solvency. Due to that certification of doubtful solvency both the Company's creditors and shareholders were deemed to potentially have an economic interest in the official liquidation.
On 2 July 2021, again in accordance with the CWRs, the JOLs changed their determination of solvency and now hereby determine that the Company should be treated as insolvent. The JOLs have filed the formal certificate with the Grand Court of the Cayman Islands to confirm this determination. The effect of this change in the determination of solvency is that now only the Company's creditors are deemed to have an economic interest in the official liquidation.
Please be advised that the JOLs may change their determination again in the light of future changes of relevant circumstances and / or their assessment of the Company's financial position.
Yours faithfully,
Christopher Kennedy
Joint Official Liquidator
But we (G3E) don't own anything. It is layers of layers of layers of smoke and mirrors.
For the love of god give us an update! If you can’t sell gas producing assets with a worldwide scramble for gas and energy then … well!
1 yr almost, when was the last piece by the way?
Does grewal tweet, or frozen too?
Nearly a year you think any update we should get something
Yep...
We must be due some kind of update.
Hey cando,
Been a while since G poste, still i wonder when then update will be...if.
Check out QBT, when you have time, on ADVFN, a troll free thread!
New next month fingers crossed, should enlighten on first version algo optimised mining engines to be used.
Not much fig by the looks of things I thought I would just check in see what’s happening
Been quiet here ...
What’s happening?
I love this as it still shows on my lists
Be our yearly suspension soon truly crazy
That’s so true it has been really sh*t
Won’t be long and we will hit 12 months suspended...**** take
3/07/2021 7:00am
UK Regulatory (RNS & others)
TIDMSAE
RNS Number : 1979G
SIMEC Atlantis Energy Limited
23 July 2021
RNS
23 July 2021
SIMEC ATLANTIS ENERGY LIMITED
("SAE", the "Company" and, together with its subsidiaries, the "Group")
Company update
SAE, the global sustainable energy generation company and technology developer, refers to its earlier announcements on 18 May 2021 and 9 June 2021 regarding the appointment of receivers over all of the shares of its major shareholder, SIMEC UK Energy Holdings Limited ("SUEH"), which SAE understands owns approximately 41% of the issued share capital of SAE.
The GFG Alliance (of which SUEH is a member) has confirmed to SAE that the receiver's appointment has ceased, and the receivers have resigned as directors of SUEH. The GFG Alliance has also confirmed that they are in control of the SAE shares.
SAE understands that this matter is now resolved and looks forward to a more stable relationship with its major shareholder. SAE is an independent company, whose focus remains the delivery of its world leading projects, which can play a critical role in the journey to net.
I wish G3E receievers would F.....off too...
Thank you Mark, all the best, diversified portfolio approach saved me too, there are some positions I'm ashamed about even taking those despite all the red flags visible with minimum dyor, but on average that was a very good year.
sunsetsupper - just another example of how crucial to have company's governance & transparency criteria (+directors background and controlling holder' history) within priority check-list as part of evaluation prior making investment decision. This one had shady signs all over the place screaming "high risk" since very beginning, there are so many examples of this from various other companies leading to a sad outcomes, top auditors are fined millions for covering it up or turning blind eye - but people never learn..
Yuri. I’ve had a bit of good fortune with ARB and KR1 I sliced ARB several times and reloaded on the drops KR1 is one I recently bought into and has already shown a 50% gain just the past week. But to be honest I’ve taken a real kicking myself over the last year despite the few successes I’ve had my losses and they have hit me hard.
I knew I should of sold and the last day of trading my finger was over the sell quote
But no I thought as many others we would do ok
What a idiot
Seen the update today.
Let’s see what happens in next rns...
If you don't mind me asking of course..
Mark, how're you holding up these days? Any sufficient recoveries on other positions to recoup and come clean with some positive margin?
Sadly over the last year and half saw so many valuable and smart contributors on this forum decimated by poor and deceitful governance .. painful to see how unexpectedly too much lies comes through from people you entrusted savings..
Without Vinson/Wolfgang pulling us out at his expense on a parallel thread - my finances would've been in a very pickle situation, what a near-hit there... not a first lucky escape (it can't last forever, right?) but I've got a feeling I'm doing something wrong and something urgently needs to be changed until it's too late.
I guess the clarity on likelihood of favorable outcome is outlined here (last word of it):
..
On 2 July 2021, again in accordance with the CWRs, the JOLs changed their determination of solvency and now hereby determine that the Company should be treated as insolvent. <<
...
Previously it was:
...
11 November 2020 in accordance with ... should be treated as of doubtful solvency <<
...
From solvency to insolvency.
but they did try to sweeten it a bit:
.. JOLs may change their determination again ..
although historic statistics on such changes is not promising..
Sorry to hear it guys,
Mark you're quite correct, but that brilliant recent article you shared really showed that the low life director would have squirreled away fundsI wouldn't be surprised if he doesn't buy back the assets in china with the backing of local ' partners ' at significantly reduced rates