The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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
It was being liquidated before and it’s still being liquidated now it will all be sold off it won’t come back but the division of the funds raised will remain the same. Secured creditors then unsecured then shareholders last if anything is left.
Very sad to hear about peeps losing out.. I hope he rots in hell.
Yep! Night night Vienna. Still we can always get a group tour of our lovely Mr Gruwals vineyard in California. Maybe he will even open a bottle of Pinot. GLA
Take it that’s our money gone now