Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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I'm with you boxer dog, i lost £600k in the end, i also hope the licences get revoked. i just wish the bod could be jailed for this fraud. £1.5b - £0 in less than a year?!!!!
the headline asog was so proud of, reproduced here : .....'A group of small shareholders in Afren, the embattled London-listed oil exploration company, is striving to block Afren's restructuring agreement with its creditors....' TRUE, asog didn't accomplish any of their aims, but IF THEY HAD, today's result would have been the same. WELL DONE ASOG, objective achieved. and I thought you were a bunch of amateurs, lol.
Isengard, I to am a yes voter, was and is the only way for something back
Did nothing to turn this company around.
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You watch see if seplat come back to purchase the assets for next to nothing. Why didn't they just merge when they talked about it.
Do you think £20 mill after giving so much they give up. I'm not buying that for a second . Why not present the shortfall to shareholders what is up with that?
Peteb It was also in the 19th June debt restructuring RNS So the company already knew they would need it ages ago. and could have done a rights issue back in June. or even back in March. its very easy to poke holes like this but its a shame they won't be transparent about it.
looks like they weren't bluffing. looks like they've given up on Afren.
They have seen the vote that is obvious same way the bod jumped ship. And haven't we spent the bh money... this collapse is by design plain and simple doesn't matter if yes or no won, yes vote they would of took it private anyhow taking another £45 mill shareholder money with them just to rub us up this is why we were capped at what we could purchase. If the authorities don't look at what happened to afren you know who their 0aymasters are.
doesn't matter now. the voting debate is history now. as I said I still be here debating as usual.
I never said anything about ASOG. but bondholders might have given us financing. the problem was near term production and liquidity issues. If they knew which way the vote was going that might be the reason they refused to give the additional $30m for the shortfall.
This as been taken hold of by the scum of the banking world who will not let it go hence why we are where we are. Who benefits from admin the banks asset strippers. Shareholders could of saved afren numerous times why wasn't this allowed to happen. We need to ask toby hayward and alan linn and see what sought of answers they come up with hopefully under a polygraph test.
scaremongering tactics? how long are we going to cling on to that one. Maybe they saw the No vote. and now bondholders read all the anti bondholder comments on here. and now they refused to finance the company. I voted yes so my conscious is clear.
people on here who claimed the No vote caused this to happen. Well I hope your pleased with yourselves. you got what you wanted.
This is still scaremongering tactics, hold on!!
Could have done a rights issue ages ago. too late for that now i think.
I did propose to Afren to do a rights issue a few weeks back. But they don't seem interested in being financed by shareholders. The seem infatuated with bondholder money.
lots of people sold out, look at all the posters that have vanished in the last 6 months. some people sold out a portion and averaged out. barely a consolation. and of course some held the line and lost all. i feel sickened by what happened, but that is life and we live and learn. Mr Drake, you always gave your fair assessment. I wish you well sir. time to go enjoy the weekend.
I had written off my investment and now its finally over, make no mistake this is the end. Once the anger has subsided you must move on, learn the lesson and start again. The planet keeps turning, life is just to short to let these '****s' drag you down. The very best of luck to you all !! BW.
Perhaps the BH did buy up shares but there wasn't much money to be made compared to the debt. lets say the BH snapped up 20% of the free float, it would net them a few million euro, worth it, but the loss at the top end is severe from them.
The BoD nominate the administrator, it goes to the court to be presented, at that point creditors or anyone with a vested interest can object and suggest a 1, a court appointed administrator 2 t,heir own choice. In nearly all cases the BoD administrator is accepted, unless of course the Revenue Commissioners or the police object
But man did i get some verbal i was telling you all get out get something delisting on cards .all i got was verbal.im look on now and hope just one person took my advice and got something..theres a reason behind afrens demise and in future somebodys goung to rich.plus i think without doybt a usa oil companys already willing to rescue at a cheeky buy out from admin folks sad day fellas you had a chance to get out though right even at 1.78
The shorters will be part of ad hoc its gone into admin to protect them same reason why we was suspended this is why most European countries have outlawed this sought of dealing because all it does is destroy the company but the same shorters ie banks benefit again because they are mostly the creditors.