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From memory I think the last reported long stop date is past the 6 months date. Not sure how this works ?
I don’t think we will hear anything till mid May now
ICSID - what they say should take approx. 3 weeks to approve/dismiss has now passed the 9 week mark. What is it with this claim that seems so straightforward yet so problematic ????
As for the RTO - well that is anybody's guess how that will turn out - no positive news from the Boards other than both parties appear to be pleased with the progress made to date - so happy for them, but not so happy for myself and fellow supremely patient LTH without a clue what is going on !! GLA
I expect nothing else nowadays.
Delay after delay.
Kept in the dark.
Smoke and mirrors.
Take your pick.
We keep getting updates but all they seem to do is extend previous agreed dates!, nothing in there about how close they are to signing and nothing there regarding the claim ? Bit disappointing is the info that comes out, mean nothing really
Ouch....potential acquisition....and mention off still ongoing due diligence isn't good in my opinion and Jenkins gone too...not good...ouch
Rome Resources Provides Update on Proposed Acquisition of Rome by Pathfinder Minerals Plc and Board Change:
https://money.tmx.com/en/quote/RMR/news/6802298810385507
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2024) - Rome Resources Ltd. (TSXV: RMR) (FSE: 33R) ("Rome" or the "Company") announces that, further to the Company's news release of November 29, 2023 in which it announced entering into a non-binding heads of terms providing for the potential acquisition of the issued and outstanding securities of Rome by Pathfinder Minerals Plc ("Pathfinder"), a UK company quoted on AIM, which would constitute a reverse takeover of Rome by Pathfinder under the AIM Rules for Companies and a reorganization under Part 8 of Policy 5.3 of the TSX Venture Exchange (the "Proposed Acquisition"), due diligence by both Rome and Pathfinder and their respective advisors with respect to the Proposed Acquisition is ongoing, and Rome is pleased with the progress made to date.
Rome also announces that Mr David Jenkins has resigned as a director of the Company, for personal reasons. The Board thanks Mr Jenkins for his contributions during the period he served as a director.
Hh he finally winding it up before the end may company accounts then
Think there is one person running it and the village cat
Err what board is that there is not one off this mystical border who is 1 share in the company according to there own website
I think it is bad governance as the board was not transparent by not giving shareholders the information that the subcription was in tranches. What else have they not told shareholders?
And 1.25 million? End results end May? Now stick twist or ...
And on a more conical note the Adam dzowski seems they couldnt pay the loan back so he got 125k worth of stock ...and feinian?...Irish?...fienian bustards?,,,ohh my god funny
Reads badly to me not withstanding settlement?60k he seems to be tied legally to have to pay this but seems not to be able to and none off the other subscribers want to add 60k? So rto fail due to short 60k? Min man rep off folding or closing companies?
Donald Trump perhaps ?
Well I make it 7 weeks to RTO
£60k out of £1,275k......no real biggy........just give the subscriber a time limit to cancellation of the allocation and move on......let's not be making this a distraction or worse still a reason to delay of the main event!
How on earth hasn’t someone paid?, surely they can just cancel all their shares or pull all the shares back from them so they lose all their holdings
Couldn't make it up.
Good job the share is suspended.
The board are absolutely clueless.
Bit off when a big shareholder hasn’t paid up, why not name and shame them ?
Morning LFM,
How about an update on the RTO or the legal claim instead of someone who owes money.
Sort yourself out BOD.
Keep the faith as we have no other option.
Adamsky
Is there anything this share hasn’t done!, now we have people that owe money for shares and haven’t paid up! I wonder why?
Yes, should've been TR-1'd but relies on the person or insti to do it. Can't recall seeing any consequences for those that delay so typical AIM. Does seem to have been a transfer between these parties though - and, of course, as well as the warrants, JUB Capital/Adam Dziubinski will retain the rights to any BIT settlement on the full holding so seems like a prudent move, assuming the agreed price was right.
Still more interested in the other side of the transaction. I like the sign of appetite and from a very qualified mining guy with experience of the Congo makes it feel all the better. He's reckoned to be worth £60m so I would not be surprised to see him dig in deeper as part of the likely RTO raise and, if so, he would represent an outstanding cornerstone investor. Thinking about it, he's probably that already now!
Interesting Poppyseed, The only non-personal holder with close to 100m shares I could find was James Brearley & Sons Ltd (FT states circa 135m). Wondering why JUB didn’t or didn't have to TR1. 5m warrants at 0.5p attached to the 100m issue.
FB, JUB Capital/Adam Dziubinski was the person linked to the Loan and subsequent £500k placing at the end 2022/early 2023. As I recall, it was done at 0.5p and 100m shares were issued.
This news would appear to suggest there's been an off market transaction between Adam and Finian O'Sullivan whereby Adam has divested roughly half of his holding. It would be very interesting to know at what price.
Of even greater interest might be the apparent thirst of Finian to get on board at this stage of proceedings. He's quite a guy with quite a history. He founded Burren Energy from which he collected a cool £67m when it was later sold to ENI:
https://www.independent.ie/business/finian-osullivan/26642751.html
Another geologist, a record of success, grabs a sizeable stake here. I'll take that as a big positive for the future outlook with the Rome assets on board!