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never filed one of these . can anyone summarise how far this can go back and whether you can write off the purchase price , in other words the money you have spent on talv shares or ONLY the last valuation of your stock. its a huge difference for me
There is no shareholder value left. Game over.
Try BMN they are just about to explode DYOR go on there BB Check there rns at you risk
My personal opinion I think that over the last few years and up to date not once have the Share holder been kept a breast of any single thing that talaaviara has done or intend to do at no point have they said look this is what our plans for them future going forward are and can you be patient in this while we do this!! so ,as every statement is read and every little thing is nothing to really do with the share holders position I believe we are being used as pawns to get a company back on the stock market because if it were a new company it would cost an enormous amount of cash to do this I bet any one .50p that as and when they do they will shed all share holders that didn't buy from Finish stock exchange to keep all local investors happy the rest of us will be filling out our tax returns !! Wether this is possible or not I don't know but is it coming up to 3 years nearly not one sentance in any correspondence to put us all at ease is nothing but disgraceful disrespectful down right dishonest ,I believe criminals get treated better?? I am still not bothered either way how it goes but just get a squiggle on please life is short
So I message pekka and got this Hi Sorry to say, but very likely your share have lost most of their value. Some value could be recovered in the years to come should the re-org process succeed. Pls, follow the news in www.talvivaara.com. So is that it
LOL . go for it ...its investors@talvivaara.com .. his name is Timo Laatio . and you can cc in pekka.pera@talvivaara.com
Sorry I havnt posted for a while but I have still been keeping an eye on this from a distance but I can't resist anymore Crunch 1 that's it. Banks call for bankruptcy tell the court (great!! call the taxman we get something back and an end to this nightmare :)NOOOOOO !!! Crunch 2 less than 5 days later banks says tell the court we don't want bankruptcy !!!!ARE YOU PULLING MY PLONKER SERIOUSLY !!! We have waited how many years for this still to be going on like this and sollictors on squilions pounds a second to play Oh yes we are then Oh no we ain't !!!!! Get your heads stuck from right UP your asrese and PULL YOUR €#{¥ING FINGERS OUT AND STOP TAKING THE **** can someone please contact them for me and ask them if there is any adults present at the big grown up meetings and IF there is can he please please please please PLEASE JUST GET HIM/her TO GROW A BIG PAIR AND MAKE YOUR CHUFFING MIND UP ONE WAY OR THE OTHER AND STOP DRAGGING THIS OUT YOU BUNCH OF ******S ??????????? I some what feel a load better for this and would like to apologise to any lady listeners I may have offended Sorry
http://www.talvivaara.com/media-en/Talvivaara_announcements/stock_exchange_releases/stock_exchange_release/t=status-of-talvivaaras-corporate/id=228439758 very interesting
banks probably looking to write off
not sure how to read this. talv told me they have nothing more to do with the mine however it appears the current talvs existence still depends on the bankrupt parent company . i dont really understand these things but will email talv about it 'Talvivaara's Financial Statements for the reporting period 1 January - 31 December 2016 have not been prepared on a going concern basis. The chosen reporting basis results from the existence of material uncertainties that cast significant doubt upon the Parent Company's ability to realise its assets and discharge its liabilities in the normal course of business and from the lack of visibility on the Parent Company's operational environment twelve months beyond the date of reporting. The Administrator has on 6 March 2017 filed a request with the District Court of Espoo to confirm Talvivaara's final draft restructuring programme dated 10 April 2015, but Talvivaara's ability to revise its reporting basis and to regain its status as a going concern is also dependent on the Parent Company's ability to secure the necessary cash flow to discharge all of the Parent Company's liabilities (including the remaining restructuring debts) and to continue transforming the identified business opportunities into viable businesses. The arrangement concluded with Terrafame Oy on 30 June 2016 and the confirmation request filed by the Administrator on 6 March 2017 have, in the view of the Parent Company, materially improved the Parent Company's possibilities for reaching the afore-mentioned targets. For more information, see sections 'Review of Operations' and 'Events after the review period'.
well just waiting for thr re org confirmation.. i have some comms with the compaany recently and all is not lost as they have been been working other stuff.. a bit odd why it hasnt just folded and started up again but hey ! talv have nothing to do with the mine anymore so i guess they think they can make a go on the other stuff but of course need the re org to be completed and tbh i think it will be and then focus on their other projects IF they get funding ..
So what does that mean to us then? :-)
well providing the restructuring is accepted there appears to some hope
In light of the information received from the Company, the administrator has assessed the credibility and potential of the new business operations initiated and developed by the Company. The administrator is of the opinion that, on the one hand, the Terrafame agreements and the business projects they make possible and, on the other hand, the acquisition of additional financing required by the restructuring programme and the Company's general meeting's share issue authorisation making this possible have made it possible to successfully rehabilitate the Company's business operations and implement the restructuring programme. Based on the above grounds, the administrator is of the opinion that requirements (a)–(c) for approval of the restructuring programme, i.e. all of the requirements set forth in the draft restructuring programme, have been met. The administrator is of the opinion that the attached final draft restructuring programme is in this respect fit for approval and implementation and requests that the District Court approve the Company's restructuring programme.
Due to Talvivaara's experience, and particularly due to the financial potential of the extensive group of shareholders resulting from the implemented and considerable debt conversion, several smaller and medium-sized industrial companies and other operators have approached the Company and proposed cooperation. According to the information received by the administrator, the Company has several cooperation and development projects under way. Of these projects, the Company has been able to choose the alternatives that are most appropriate for it and most credible industrially and commercially. The Company's goal is to continue to reserve resources in the future for receiving new development projects and ideas and for further developing projects fulfilling the requirements as part of the normal business operations of the Company and its subsidiaries and affiliates. The arrangement carried out with Terrafame Oy has, among other things, made it possible for the Company to acquire metal industry technology that reduces the energy requirements and increases the capacity of scrap metal smelting furnaces. The Company has estimated that the service business model in question has significant global potential. The Company has hired numerous experts in the field in question, and according to the Company, it has received positive feedback from the market on its first marketing efforts. The Company has also initiated a productisation project primarily for the utilisation of nutrient- and energy-rich types of cattle manure and for the commercialisation of the products produced from them that involves both the Company's own personnel and third-party expert organisations. The Company has stated that its goal is to develop a service concept using different operators that is intended to start industrial scale test operations during the summer of 2017. The Terrafame agreements have financially made it possible to also develop this business model into a commercially viable form. In addition, a significant holding in the Hanhikivi nuclear power plant planned for construction in Pyhäjoki has been written down in the Company's balance UNOFFICIAL ENGLISH TRANSLATION 10 (11) sheet. According to information received by the administrator, the Company has considered options for increasing the value of the holdings based on the progress of the nuclear power plant.
txs geek d day approaches
Talvivaara Mining Company Plc ("Talvivaara" or the "Company") announces that the Administrator of the Company's corporate reorganization proceedings has today filed a request for confirmation of the Restructuring Programme of Talvivaara to the District Court of Espoo. According to the Administrator's request, all the special conditions set for the confirmation and entry into force of the Restructuring Programme have been fulfilled. Based on the final Draft Restructuring Programme filed with the District Court of Espoo on 10 April 2015, the Administrator was to notify the District Court of the fulfillment of the special conditions and to request the confirmation of the Restructuring Programme by 10 April 2017. The entry into force of the Company's Draft Restructuring Programme requires a decision from the District Court of Espoo. Talvivaara anticipates the District Court of Espoo to announce its decision regarding the confirmation of the Restructuring Programme in the next few weeks. The Company will inform the market on the decision in due course. The Administrator's confirmation request is available on the Talvivaara corporate website at www.talvivaara.com/corporate-reorganisation.
'. At the moment the Company and the previously owned Mine have no connections. Talvivaara Mining Co. Plc continues on its own path with the development of the energy saving technologies.' . 'at the moment' hmmm
It doesn't, Talvivarra has nothing to do with the old assets. It is now a shell company in which the shares are confetti.
thats very positive but i am not sure how thats effects our investment now .if at all. maybe a question i'll put to talv on monday
UPDATE 1-Trafigura acquires 15.5 pct stake in Finnish nickel mine http://uk.reuters.com/article/terrafame-ma-trafigura-idUKL5N1FV3RJ
all good !
Talvivaara's Extraordinary General Meeting resolved to approve the proposal by the Board of Directors to authorise the Board of Directors resolve on a share issue An Extraordinary General Meeting of Talvivaara Mining Company Plc (the "Company") has today on 2 February 2017 resolved to approve the proposal by the Board of Directors to authorise the Board of Directors resolve on a share issue for consideration pursuant to the shareholders' pre-emptive subscription right to raise the funds needed to pay the remaining restructuring debts of the Company and/or to finance the development of the Company's new business opportunities. Based on the authorization, the number of shares which can be issued through one or several share issues shall not exceed 40,000,000,000 shares in aggregate. The Board of Directors may decide to issue new shares and/or the Company's own shares held in treasury by the Company. The Board of Directors has the right to decide upon the offering to parties determined by the Board of Directors of any shares that may remain unsubscribed for pursuant to the shareholders' pre-emptive subscription right. Should the total number of the shares in the Company afterwards decrease as a result of a reverse share split, the maximum number of the shares to be issued based on the authorisation shall decrease pro rata. The Board of Directors is authorised to determine the subscription price for the new shares and the other terms and conditions of the share issue. The authorisation of the Board of Directors to issue shares is valid until 30 June 2018. On 10 April 2015, the Administrator of the restructuring proceedings of the Company filed the final Draft Restructuring Programme with the District Court of Espoo. The confirmation and entry into force of the Draft Restructuring Programme requires the fulfilment of certain special conditions. One of these special conditions was that the general meeting of shareholders executes or authorises the Company's Board of Directors to execute a financial arrangement (e.g. a share issue, bond or other financing instrument) to raise the funds needed for paying the remaining restructuring debts and for covering other possible liabilities to the extent the Company's other funds are not sufficient for such purpose. The Company's view is that the authorization of the Board of Directors approved by the Extraordinary General Meeting today fulfills this special condition of the Draft Restructuring Programme.