Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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.
I'm thinking, OK MM is no doubt quite a wealthy man but he must be pretty pppppoff losing on this one.... will see.
Oh L200 and lets not miss the moral of the story, When you are $90+million in debt, pay your gas bill.
And to think K3VMC reckoned on an EBITDA of $40m+ Plain silly. VTAB
Is Troajan out for a walk with "Greenbox" GIT ? The conversation must be mystical......
Hope you're well L200, You can sit and watch TUN continue its decline.
That is it then, finished.
Going, we will have to wait for Troajan to come back from his daily trip to the shops, and then he will probably say there is still a chance .
Not very encouraging reading, is it. The value of the assets remains "highly uncertain", but whatever it turns out to be, I think we have to assume that it will be a small fraction of what is owed to the creditors.
savvy
basically,whatever proposals the third partys have for this comp,whatever they maybe
are in the final steps,of the negotiaions
news is close savvy,lets hope us shareholders,come out alive
Rose tinted spectacles
https://www.youtube.com/watch?v=4-w8n87jOqM
The above is today posted at Companies House, but
not documents posted yet. Are we in receivership?
or has this been avoided? Any ideas anyone?
yes wilbury,the usual doomsters are misleading again
jp jenkins/sharedeal. can sell,but obviously,the chance of a buyer,are slim,at best
orm came back,but oaktree got the mine,so orm ended up with just £5 mill...off memory and nowt else
bem.....that came back,as ken....but theyre holdings,were worth 90% less
sxx came back,but shares were absorbed into aal.
wlfe.....the lender took the mine and left shareholders with nothing.
so we have 4 scenerios,which could happen,
no4.....hopefully,is what we dont want.
and dont forget,the bod and that yank co,hold nearly 30% of the shares in issue
so they'll want ,whats best for themselves.....
and wres also have regua and the gold license,under that iberian umbrells,not sure if blackrock,have jurisdiction,over those two
fingers crossed.
HMRC do publish a list of eligible "negligible value" Co's but it may be a while before WRES get on it. An earlier poster commented that Administrators tend to drag the process out to drain every last penny into their own pockets ! My own loss on CLN became a useful offset against other gains with no difficulty from the tax man: here we go again. Jeb.
Seems possible to make negligible value claim. Hopefully HMRC will accept that WRES are of negligible value.
Eventually, no way to sell shares if the company under administration. Can such case reported as loss in capital gains form? Or should I wait when WRES status turns to bankruptcy?
Wilbury, the so called "Doom and gloom guys" were just the people that see this coming 3 years ago. I prefer to call them useful people.
The company is dead, there will be no survival.
A new company may buy the assets for 10p in the £ and make a go of it, but current sharehloders will get zip.
OK, this email is JP Jenkins selling something but what I want to know is what's going on in the background with Wres like are they working on some form of a survival mechanism that will bring this company back to life and I don't want answers from doom and gloom guys, all I want is is there a chance this could come back.
I received this a few days ago what's that all about, https://mail.yahoo.com/d/search/name=JP%2520Jenkins&emailAddresses=md%2540jpjenkins.com&listFilter=FROM/messages/132092
Posters here with news it has gone into administration.
https://jpjenkins.com/company/w-resources-plc has no news of this or company web site .
They have a price up of 2.6p .
My first buy 5/7/2016 ( 7 years ago ) 0.36p
Which equals *36p post consolidation .
My total loss appears to be 330% ( D ) Not sure if held elsewhere might be some in ISA
This was the delist news April 2022.
W Resources expects to delist as 'not in best interests to remain on AIM' currently
The tungsten miner pointed to the cost of liquid natural gas rising from €70,000 per month to over €500,000 per month
W Resources PLC (AIM:WRES) said it believes it is not in the company’s best interests to remain listed on AIM at the current time, after its nominated adviser (nomad) and broker both resigned.
The company, which recently started mining its La Parilla tungsten mine in Spain, said it intends to continue operating as a tungsten, tin and gold exploration, development and production company and “hopes to seek a relisting on a stock exchange should circumstances allow and when appropriate”.
However, it said Grant Thornton has resigned as its nomad and that Alternative Resource Capital and Shard Capital have resigned as its AIM brokers immediate effect.
Earlier this month, the company’s shares were suspended at its request due to “extraordinarily challenging” operating and commercial conditions from the huge rise in liquid natural gas prices.
Noting that AIM Rules for Companies stipulate that if a company ceases to have a nomad the London Stock Exchange will suspend its shares from trading and that if it does not appoint a replacement nomad, its shares will be cancelled from admission to AIM.
“In light of the unprecedented difficult financial and operating circumstances in which the company finds itself…. the W board believes that it is not in the company's best interests at this point in time to remain admitted to trading on AIM and consequently, the company has no current intention to appoint a replacement nominated adviser,” the company said it a statement.
“We continue to work constructively with our major financiers and prudently manage operations in these challenging circumstances.”
The shares are expected to cease trading on or around 24 May 2022.
The W board was said to be “giving consideration as to how best to enable shareholders to trade their ordinary shares and shareholders will be advised of any future arrangements in due course”.
I should of taken the packet of crisps for them in Hindsight of Administration .
I doubt it, last one out will switch just off the lights.
I assume that at some point we will get some form of communication to advise us that the end has actually come. I know that those of us with a brain know the end is nigh and all hope has gone but would be helpful to have something official.
There really are some dim people on this forum. You thinking of selling them....hilarious
cheers freedom4all
not logged into jenkins as yet,but i have illed in the log in details,think it takes 2 weeks
but i will be,in the next few days
gl
As Wres have filed for administration they can no longer be traded through JP Jenkins / Sharedeal active. Sorry for further bad news, but saves anyone else wasting time trying to sell them.
Yes been in Wres for a while Troajan. Do i have to open an account with JP Jenkins first.
didnt know you was in here freedom
but at least the comp,as given us the means to de risk,before the april announcement,on the outcome,of this administration process
that's if people,wish too
Thanks Troajan