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And a tick up , late Friday , Attenborough's lesser spotted FOMOF , often seen in the last 20-45 minutes, or a good sign for next week , will take either ๐๐
A blue pulse.
Yesterdays RNA update over the rns newswire, shows something appears to be happening in the background, why appoint advisors if not, some like JA at trp , use his own other such company to advise himself. ๐๐
MetalNRG plc (LON:MNRG), the natural resources and energy investment company, is pleased to announce the appointment of H&P Advisory Limited ("Hannam & Partners") as financial adviser to the Company with immediate effect.
Been a steady stream of +500k and upward buys this past week or so.......of course low value due to the supressed SP, but does make me wonder if somebody knows something..........surely something, anything must be happening sometime soon with this company ?
As always the silence from Rolf & Co is deafening !
Rolf's got ยฃ373k burning a hole in his pocket. Maybe we'll hear something when he gets back from his skiing trip and needs to spin another yarn for his summer excursions?
Is going on here?
No communication from the BOD.
Will soon drop to zero and delist is my guess.
Pathetic management.
No communication for ages and then bam, a scant RNS that talks of reverse takeovers. Dear oh dear this lot haven't got a clue have they. Can't work out myself whether it would be bad or good news, but anything that gets rid of current management would surely be a blessing?
Lots of things still up in the air with the IMC case and the possibility more money heading MNRG's way if Britnrg get compensation from its advisors.
The estimated current value of the asset is accordingly in the region of US$ 151 million.
At the time of the ban, MetalNRG held a 9.9% equity interest in the asset; since the ban, MetalNRG has supported IMC with a convertible loan facility for a total of US$ 341,441 to date. The agreement between IMC and MetalNRG provides that repayment of the convertible loan facility is either (i) via a conversion at 3 times the principal amount advanced into equity in IMC, if the project is reinstated; or (ii) repayment of 300% of the principal amount advanced in cash, in the event that IMC receives or reaches a compensatory settlement with the government of Kyrgyzstan.
Either around ยฃ1m in IMC Shares or a similar cash amount from settlement. Shares would be nice, IMC will roar and multiply the million, if the asset returned (not the likely outcome) but ยฃ1m cash would still be kerching.
Latest entry 22nd January , looks like it's finally gaining traction, or at least the process is, for those that do not know, if settled in IMC favour, its worth millions to MNRG, we can but hope ๐
Case Details
International Mining Company Invest, Inc. v. Kyrgyz Republic (ICSID Case No. ARB/22/25)
January 22, 2024
The Tribunal issues a decision on production of documents.
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/22/25
Mooching, fms, not just a jcb, he bought 10 whole sets , him and his billy no mates, off to play with them at Gold Ridge this weekend, expecting a major update Monday ๐
https://www.amazon.co.uk/Diecast-Metal-Engineering-Vehicles-Construction/dp/B07S62GJCY/ref=asc_df_B07S62GJCY/?tag=googshopuk-21&linkCode=df0&hvadid=310775513019&hvpos=&hvnetw=g&hvrand=8633110894505501341&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=1006864&hvtargid=pla-790542684644&mcid=e61c7371d7fa390dbcae36dbaeccc918&th=1
Britnrg needs reversing into oh I forgot Rolf choose the wrong gear throwing his toys out the cot. lol
Just in case its a decent JCB , the 2m at 0.581 was my top up god help me ๐
Rolf throws around "shovel ready" like Boris used "oven ready".
(Bit of buying going on today, maybe he's bought a digger?)
Time for him to deliver , one of those promised plans and assets ๐
๐๐คฃ๐
Must of just got back off the skiing holiday and heading to the beach , did anyone send Rolf a bucket and spade to shovel his extortionate wages into .
Blue
Https://youtu.be/iY-WGLgu9Zc?si=CSmAVg4yAUiICQQb
Rather have any planned 'dividend' used to close off some deals or finalise plans around Goldridge etc.
But I suppose it prices the 'gravey train' theory as Rolf would rather have a top up to his disproportionate salary and put more grease on the wheels of said train.
Funnily enough, I was going to post :tumbleweed: today before the interview, and yet still see it as appropriate.
Zzzzzzzz
Unprincipled...obviously
More from the website, particularly Principle 10.
Principle One: Establish a strategy and business model which promote long-term value for shareholders.
Principle Two: Seek to understand and meet shareholder needs and expectations.
Principle Three: Take into account wider stakeholder and social responsibilities and their implications for long-term success.
Principle Four: Embed effective risk management, considering both opportunities and threats, throughout the organisation.
Principle Five: Maintain the board as a well-functioning, balanced team led by the Chairman.
Principle Six: Ensure that between them the directors have the necessary up to date experience, skills and capabilities.
Principle Seven: Evaluate board performance based on clear and relevant objectives, seeking continuous improvement.
Principle Eight: Promote a corporate culture that is based on ethical values and behaviours.
Principle Nine: Maintain governance structures and processes that are fit for purpose and support good decision-making by the Board.
Principle Ten: Communicate how the Company is governed and is performing by maintaining a dialogue with shareholders and other relevant stakeholders.
From the MNRG website
'MetalNRG is driven to build a global natural resources business, delivering industry leading returns and sustainable dividends to shareholders.
The company creates shareholder value through indirect and direct investments targeting outright acquisitions, majority stakes, or minority interests.'
I think they need reporting to the Advertising Standards Authority for a gross misrepresentation of the truth!
Hello - is there anybody actually working at MNRG or have they all bu@@ered off early for Xmas.........the radio silence from this lot has been deafening and as usual the only festive gift on offer to the shareholder is yet another year of failings and corporate inadequacy.
Wish heโd got voted out and Spencerโs had got in, heโs done nothing for shareholders and never will
MNRG gold, maybe in Ralphโs teeth?