George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Tex, I am a busy, working mum - with a toddler, no expert - but doing doing whatever I can to salvage what I have left and have taken the necessary action; I had reached out for assistance on this/other boards several times, however it's not up to me to disclose the names of those who have come forward, as they may wish to protect their privacy - we have a lawyer of good standing and specialist tunelling construction engineer - both seasoned investors and highly informed individuals/experts in their respective fields - were present, alongside myself and the BoD. Both have added tremendous value to our cause and I am grateful for their assistance. There was 1 shot, time was of the essence and I believe I chose well.
I had gone to the Investor Show in October, with the purpose of meeting ShareSoc and to introduce our situation - before it got out of hand, as I was concerned about the state of play, of late; only 1 other person had contacted them prior about this.. I then followed up after the takeover news hit.
In October my intention was to take purely precautionary measures, in an attempt to ensure the BoD were duly considering shareholders' interest, during their 'strategic review' (as outlined in my initial letter to ShareSoc, which I posted on here - 1st post - following my visit to the show) - evidently not!
Having taken pre-emptive action in October, I was able to mobilise this quickly. All I can say is that talks were very constructive and the best course of action is now being considered, while further information is being gathered - by a panel of experts. Updates will be available on the ShareSoc forum as they transpire and I believe ShareSoc will also be emailing members with viable updates, as they take place. We are trying to strategise carefully and gain momentum, but obviously have only just started and must tread with caution, in order to ascertain the best course of action for the shareholders. This was my way of effectively channelling cohesive efforts, through an organised route. I just hope it all pays off.
their modus of operandi is
Tex,
'How do you think it will play out?'
I think that J Curve and his band of Merry BOD's will captitulate, to our cost, there modus of operandi is survival, ours is also survival but from a totally different perspective.
I do think however that alternative viable solutions are available, but are not being sought not progressed as ought to be.
IMHO I think we should:
1. Freeze everything, just for now , shut down all operations until market conditions change/ joint partner/ whatever (Not takeover Aussie Buddy partner's etc) as and when finance can and would be obtained to complete shafts. We must have enough cash left to do that.
2. Secure sufficient finance to complete the Shafts and then that in itself will change the dynamics of risk for the whole project.
3. Completion of the shafts would attract further investment imo, as they are the main risk element. Having said that, does it not raise a question in your own mind that AA think this project as all fairly basic and less risky than many assume?
4. The bottom line is that we are being played by both AA and SM management IMO. and that is why ShareSoc are a valuable addition in defending SH's rights.
Of course they are! The deal is going through at 5.5p or less. No other interested parties.
Time is of the essence because if you don’t act soon then it’s too late and you get a letter confirming you own 5.5p or less shares. .
How do you think it will play out?
Tex,
'But aren’t you interested to know the details of all these conversations?'
Quite frankly no, simply because as I have said so many times, 'Time is of the Essence'.
Has it not occurred to you that, AA are rushing and pushing this deal through with the help of J Curve et al?
Don’t disagree Jiffy.
But aren’t you interested to know the details of all these conversations?
We have the final say after gathering all of the necessary information.
Tex,
FFS, Calm down, or are you a shorter, then that would explain your reaction to Yash.
The simple fact is that Sh's in SXX have a right to defend their investment and impending loss should the deal carry through. SH's also have the right to question and defend their position as 'OWNERS' of the mine, the BOD's are OUR Employees. We not they have the final say after gathering all of the necessary information.
Well done Yash, please keep us posted as you think fit.
Well you should work for them. You do a good sales pitch!
Please excuse my scepticism over your post, but a couple of questions :
“I have been in talks with ShareSoc and other highly informed LTHs. ”
I think everyone would like to know the exact details of your talks. Which are the other LTHs you are speaking to?
“ A conference call with the BoD @ShareSoc was held yesterday, regarding Sirius Minerals”
Who was on this call? Were you? What was discussed?
“ We are currently trying to ascertain the best direction for the campaign ”
what’s your role in this conversation ? Are they having conference calls with any Sxx holder who has signed up?
Thanks
Tex2374, I am a heavily invested LTH, with a lot to lose here - like many, so I'm taking action, rather than just doing nothing or merely criticising. I DO NOT work for ShareSoc but believe they can help - if anyone can! Just trying to do whatever I can to prevent complete carnage and salvage WHATEVER's possible. Timing's lousy and time IS of the essence.
Look at the timing of your arrival and all your posts Yash88.
How much of the £45 are you earning?? Prime pickings here! And people say IBAB is paid for his posts :-)
I have been in talks with ShareSoc and other highly informed LTHs. A conference call with the BoD @ShareSoc was held yesterday, regarding Sirius Minerals and a dedicated forum has subsequently been set up on their site for the ensuing campaign, which is now being planned. I would urge everyone to join - as a full member (£45) - as they are doing everything they can to seek a viable and optimal solution for us all. They are a non-profit organisation, with a voluntary BoD and the more support/resources they have, the more they will be able to action and ultimately influence. It's a small price to pay for a strong collaboration with an expert team - and I believe, the only shot we have - via an organised and cohesive approach.
As I had said in a previous post, they were the ones who had helped 85,000 shareholders (including myself) at Beaufort Securities, recover all their holdings - fighting against PWC and winning. We are currently trying to ascertain the best direction for the campaign and if there are any other financial/legal experts in the field with extensive knowledge of Sirius, please come forward. Thank you - GLA