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CF, director of Anglo American Woodsmith Ltd
(formerly: Sirius Minerals), Status: ACTIVE
http://beta.companieshouse.gov.uk/officers/W6JIaQFkc58cM4rAjwqTbSmXrWg/appointments
as well as active director of 15 other UK companies (prob-ly more abroad) incl. some booze business in Yorkshire: Triple 8 Beverages , 888 Beverages (Nature of business: Distilling, rectifying and blending of spirits) to monetize pain of huge financial loss by locals there)...
Why would AAL keep him there if he doesn't really have any relevant director skills in mining nor in Fertilizer business (chemicals, etc) ? Except for finance part - which he has failed badly anyway with all the fireworks and AAL doesn't really need financing bit there? Smells like corruption, payment for ditching initial investors and transferring their wealth to AAL..
TrickyDickyTwo, I'm afraid your reply contains far too much "bull zhit" of your own making for me to bother responding on a point by point basis, it would be a fruitless waste of my time, the only thing I will add is that your assumption about Anglo American is pure speculation, the shafts are being dug to the horizons originally specified to reach Polyhailite seams and secondly if you weren't a bitter twisted tozz pot why do you even feel the need to come back on this board to try and re enforce your totally false predictions!!!
You've had an agenda against Sirius for many years even to the point you were banned from here and III under your original TD1 because of the vexatious nature of your relentless attack on Sirius after you sold out, to espouse your not bitter is the foulest smelling bull zhit imaginable, as far as your "I made money out of Sirius" I believe you are just a liar TBH.
As one very long term ex holder used to reference in connection with the progress of this project, all be it under different management.
Tick Tock.
"AAL is the world's number five diversified mining company, but it announced a " radical portfolio restructuring" at the end of last year with the idea of holding just to the assets where it sees long-term potential. "
https://www.youtube.com/watch?v=rhJZrRV5YKo
The Hacked...
Gosh.
tis like some badge of Honour.
How Annoying.
I think sheps8 has responded more than adequately in highlighting the shortcomings in your recent post.
At the end of the day, your main claim was that this mine will never be built.
Whilst not under the stewardship of the SXX management, much to many investors loss and dismay, you ultimately called it wrong.
You can’t even Gloat accurately.
Move on.
secrets
Have to say it’s been my mission to try and make my money back in the last months. I’ve achieved it in the last couple of days on paper which has meant a lot (but I know until it’s hard cash it’s not real). Think I’ve been fortunate in some of the shares I’ve picked - by luck probably more than anything but I’d give it all back to be part of Sirius journey again - how stupid is that? I hope everyone else has had some luck as well - we all deserve it. Going to try hard to make some money now. Have ‘virtually’ met some good people as well who have helped me on my way a bit - would recommend Telegram
I too lost a fair chunk on SXX. In looking for further opportunities for my reduced wedge I have found HZM. This is not a ramping post but just an informative one for those still with an appetite for holes in the ground! This interview is reasonably instructive. https://www.brrmedia.co.uk/broadcasts/5f33cbb3b14d872626436c62/horizonte-minerals-us325m-senior-debt-facility-mandate-for-araguaia GLA
despite many small Yorkshire investors losing money after the share price crashed.
small..............!
https://www.yorkshirepost.co.uk/business/fertiliser-boss-who-has-helped-mine-rich-seam-north-2938291
All the best (and good luck all, small or not ............. )
TrickyDickyTwo, no irony whatsoever, you spent years deramping Sirius from every angle you could think of, the real irony is that you never predicted the reason behind the final curtain for Sirius given the multitude of reasoning behind your never ending attack on Sirius, the fact is that most of your arguments still mean nothing as far as the success of Woodsmith mine and its future as a global business, it's just not under the same management, you really were and continue to be a nasty piece of work and your bitterness knows no bounds, for years your personal vendetta against Sirius caused much consternation on these boards but it did absolutely nothing to stop the progress of the project yet you come on here with the I told you so attitude, just goes to show that even when those of us who now have nothing at stake here what an utter tozz pot you really are ;-)
Sheps8.
Local employment back to pre Covid levels which is great, tunnelling was 4.5 miles on 30-07-20 which is fantastic, but my thoughts on the performance related bonus payments are not printable!
https://www.gazettelive.co.uk/news/teesside-news/more-jobs-way-covid-fails-18686465
A very sad state of affairs here, especially when it involves our House of Lords!
Distasteful to say the lease.
We have seen success in AAU (Ariana Resources)
It is in the Gold sector, so different to here, but Gold is performing strongly
You might like to check them out - Currently Mining, Producing, Selling and Exploring TODAY !!!
I have just looked at the Companies House records again. The parent company is 888 Beverages Limited which distills, rectifies and blends spirits. Chris and his wife are the sole Directors. I cannot see who owns the share capital. Triple 8 Beverages is a wholly-owned subsidiary of 888 Beverages Limited, and it also distills, rectifies and blends spirits. Chris is the sole Director. Both companies were incorporated earlier this year.
I don't know why I thought in June that his wife was the sole owner of the parent company, or why I thought that Triple 8 Beverages was the parent company, but the facts as per the Companies House records are as now set out in the previous paragraph.
Vincent Vega re yours at 15.36.
If you scroll back to mine on 18th June you will see that he is still living in the Woodsmith area. In addition to his responsibilities at the crop nutrients division of Anglo American he is a Director of 888 Beverages Limited, a subsidiary of his wife's newly created company Triple 8 Beverages Limited.
Hi to Fred16. Pleased to see that you attended the GGP get-together a couple of weeks ago, and amused to see that you surprised the others - who were expecting a male!
Likewise Fred et al, all the best I hope you get some of your losses back, Im slowly getting there. I'm not tipping them but checkout ROCK SDI DTG and .... GGP
DYOR .
Good luck
Out of habit I still check in here. Like all of us I’m sure, I’ve been working the best way I can to try and claw my Sirius losses back - and then to read that article. I’ve been lucky with some of the shares I’ve invested in - but none of them are the same as Sirius - perhaps because I won’t let that happen again! I really hope that one day we will all get some answers and it’s not all forgotten. Also hope that everyone is having some success with their new investments - it’s nice to be able to keep in touch with some!
To think that this will behave itself lay down and go away would be a pretty big mistake for some, no matter how much wishful thinking is going on;-)
Couldn't agree more VV and Sheps - on all counts. The story also made The Times today with a similar viewpoint.
All the best.
VincentVega, the final twisting of the knife into those that funded so much of this project, if Chris Fraser had an ounce of decency about him we would have been reading about how he's given this obscene amount of money for failure to good causes amongst the community's were so many people lost so much that rested firmly on his abilities or as turned out total lack of abilities in big finance, the very field where he allowed others to run rings around him.
Best Wishes, Sheps8.
Nobody should be surprised by this payout. It’s par for the course with many Directors that have their snout in the trough.
If CF still resides in the area, he’ll find it difficult to look, those of whom invested on the back of his hubris, in the eye.
Then again, a conscience is a prerequisite of shame.
A rare commodity these days with many it would seem.
secrets.
That's my question, answers on a postcard to the ex board
Sirius Minerals boss pocketed £1.3m after agreeing takeover that cost many shareholders their life savings
Former chief executive Chris Fraser received £1.3m in bonuses
Former finance boss Thomas Staley pocketed a total of nearly £900,000
Fraser and Staley are now running Anglo's new 'crop nutrients' division
By JAMIE NIMMO FOR THE FINANCIAL MAIL ON SUNDAY
PUBLISHED: 22:31 BST, 1 August 2020 | UPDATED: 23:07 BST, 1 August 2020
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The former boss of Sirius Minerals – whose dramatic fall from grace left thousands of small shareholders with huge losses – pocketed £1.3million in bonuses from the Yorkshire mining company shortly after agreeing to a cut-price takeover.
Just two weeks before the acquisition by FTSE 100 giant Anglo American was completed, the Sirius remuneration committee led by Labour peer Lord Hutton decided that former chief executive Chris Fraser should receive his lucrative long-term bonuses in full.
Meanwhile, Thomas Staley, the former finance director, pocketed a total of nearly £900,000.
Former Sirius Minerals chief executive Chris Fraser received £1.3m in bonuses +2
Former Sirius Minerals chief executive Chris Fraser received £1.3m in bonuses
The revelations are likely to enrage private investors who ploughed millions of pounds of their savings into the company.
Sirius had entered the FTSE 250 and had ambitions to join the prestigious ranks of the FTSE 100. However, it failed to secure the final part of the £2billion funding it needed to build a giant fertiliser mine in the North York Moors National Park.
It was only saved from administration after the board urged shareholders in January to back a £405million takeover by Anglo American at 5.5p per share. Most of Sirius's 85,000 small shareholders had bought their shares at well above that level, with many from the local area investing large sums. The share price had hit 45p in 2016.
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Yet even after the disastrous conclusion to the company's stock market run, the remuneration committee chaired by former Business Secretary Lord Hutton decided in March that Fraser's share bonuses should pay out in full.
Fraser received payment for his bonus shares, worth nearly £900,000, in April, the company's annual report filed on Companies House reveals. Most of the shares had been awarded to him in 2018 and 2019.
He also received a £417,000 performance bonus for 2019 – 86 per cent of his salary – meaning he raked in a total of £1.3million in bonuses since agreeing to the Anglo deal.
The company said the payment for performance would have been higher but it decided to withhold the part of the annual b
possibility that we didn't get the loan from the government because of the [??] activities that are coming to light about the SXX: Woodsmith Mine competition at Cleveland Potash Ltd at nearby Boulby - maybe something to do with Israel being the owner of ICL (Israel Chemicals Ltd) - interesting connection !!
https://www.gazettelive.co.uk/news/teesside-news/war-words-over-governments-handling-18575493
Press keep talking about govt donations to a party like labour or tory party donations of 10k to 20k , that happens through and through , it is the other ones you will never know , the big brown envelopes that could be 100,000`s to millions you can never trace , take the millions Anglo America has saved from buying sxx at a bargain price , they have just got to finish it off what was started and reap the rewards for the next hundred years under the noses of the locals who put their life savings in and many will have to work longer , I hope all the dirty dealers read these bb and know they have stuffed the local community good and proper .and read these gazette articles .
Sirius Minerals inquiry call as mayoral candidate wants 'local investigation into this debacle'
https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-inquiry-call-mayoral-18533163
This Simply isn’t going away...