Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Joe the email was recieved last Thursday so the email sent yesterday is irrelevant. Who is contacting SISG directly as we are supposed to be operating in a coherent fashion to ensure all are ducks are in a row?
What's worrying me now is Deloitte`s, I fear they may well be looking after and covering up the other two liars in this Matthew Hird , Francis O'Neill for doing FT`s bidding I want to see both of them behind bars they lied to me on many occasions time and time again. Hopefully we should get something to Deloitte`s this week for our Legal team but as I say I think they are going to continue this Fraud. I wonder what all the Creditors and Bond holders will make of this having been given a life line by SISG only for the BOD to Walk away and stuff us all up, truly shocking.
Thanks, figured it out now and I'm able to view.
The board, aim, Jeffries, Tavistock, SL government and SSIG have put us through hell and back. Lost for words
pablo2- yes, that's the one. The website is working OK. I don't know why you are having problems.
I have registered with this Lefora website to continue AMI discussions. It says it is having a brief hiccup but that has been the story for days. Is that the place for a continuing forum?
I hope the email or whatever you received is an original email forwarded. Otherwise, it could be fabricated by GB or SISG as they have received yesterday an email from one of us telling them we have influential people on board with us to take legal action against SISG and SL government. Was it coincidence?
its actually a very good thing what was found out yesterday. Although I was extremely annoyed we all have to go through this even when they received an offer. However it's now black and white and the BOD will go to jail. We need to claim for time as we'll as money loss!!
In view of the recent revelation regarding our BoD turning down two good offers from SISG. I think we should write to Chinese to see if they are prepare to offer some sort of settlement to the private shareholders to avoid legal action against them.
How fascinating that in 2012 African Minerals' published expenditure was $198M. Of that sum, ($50m) a quarter was surreptitiously paid to a hidden interest of two of its most senior figures. With such cloak-and-dagger transactions, it cannot be too farfetched to say that a pattern of hoodwinking investors was being normalised. In the current setup, it's apparent we have no institution or person with the clout - constitutional or political - to question investors in Sierra Leone, let alone African Minerals at its height. The truth is, Timis and his cohort found themselves right at home in the unregulated atmosphere that is Sierra Leone. They gained political influence and won ordinary citizens with the classic fooling strategy: the false philanthropy of throwing chicken-feed at funds-starved charity efforts while exploiting the anomalies of the present non-system.
Are fully accountable here: Before Frank Timis'African Minerals was ludicrously awarded a 99 years mining contract, there was overwhelming evidence that the Romanian born Australian Chief Executive and so called 'Emperor of African Minerals' had a tarnished record in the corporate world. In 2009 the Alternative Investment Markets (AIM) in the City of London levied its highest fine of £600,000.00 on a London-based company Timis set up, Regal Petroleum. Regal, the regulator found, 'on 11 separate occasions failed to take reasonable care to ensure its announcements were not misleading, false or deceptive, and did not omit material information.' Did our government investigate those findings to ensure Timis was fit and proper to head an operation so significantly tied to Sierra Leone's economy? That must be a no.
Regarding Grant Enail. The statement made in several Rns containing the sentence "Zero or little value left for shareholders" is not the truth. The Bod have yet again lied and mislead the shareholders
The slimy Lying crook had turned down 2 offers. Alan Watling, outgoing CEO, stated: "What this team has continued to achieve, building by far the largest iron ore project in West Africa in under 4 years, against overwhelming odds, has been truly remarkable. That team is now largely sitting on the side lines waiting, I hope, for the current situation to become resolved. The livelihoods of tens of thousands of decent hard working people, both Sierra Leonean and international, employees and contractors, depend greatly on the success of these projects. I know that the Chairman and the Board of the Company have worked relentlessly, and will continue to do so, to extract the best value possible for all of the stakeholders as they seek to resolve the current situation. This is now out of my hands; our operations are in care and maintenance, our employees are safe, and I feel I have lost the respect of - and for - our partners. In these circumstances I feel I have done all I can and am left with no option other than to resign." Executive Chairman, Frank Timis, commented: "It has been a privilege to have been able to work with Alan once more, and especially over the last six months, and we are sorry to see him leave although we fully understand his position. We are extremely grateful for all that he has done for the Company, and we wish him well in the future."
Simply Gob smackered by FT and the BODs contempt for shareholders.
Yes we are getting there, well done all, great work Grant.....
Great email recieved today...
More from ADVFN board john henry 7 Apr'15 - 15:38 - 5310 of 5320 0 0 And why was any offer not put to shareholder. They have a legal duty to act in the best interest of shareholders. The BOD need to answer why the offers where turned down. newswseller 7 Apr'15 - 16:11 - 5311 of 5320 0 0 Because FT would have been indirectly financially shafted had deal been agreed. I really can't say anymore but this alone could make a case john henry 7 Apr'15 - 17:32 - 5312 of 5320 0 0 Well hes hung himself out to dry along with the BOD, if there is indeed proof that offers had been made to the BOD that would have given shareholders an equity stake with some value. Rather than the situation with have now where shareholders will effectively get zero. so what we basically have then Newswselller :- Option 1 Shareholders gain an equity stake worth some value and FT is indirectly financially shafted. Option 2 Shareholders receive Zero and FT is not indirectly Financially shafted. Option 2 chosen by FT and the BOD newswseller 7 Apr'15 - 18:21 - 5313 of 5320 0 0 Correct.. newswseller 7 Apr'15 - 18:23 - 5314 of 5320 0 0 Huge conflict of interest occurred probably because FT would loose out, no doubt why someone resigned in December john henry 7 Apr'15 - 18:34 - 5315 of 5320 0 0 If this is fact Newswseller then Shareholders have a very good case against FT and the BOD.
Just copy this from ADVFN board newswseller 7 Apr'15 - 14:24 - 5306 of 5320 0 0 SISG were not the enemy, just seen documentation to prove that shareholders would have been left with equity and some funds, unbelievable what the board has done.. That's now 2 concrete life savers that have been turned down.. Can't say anymore obviously
JH- on which bb did you hear that?
what i heard on another BB that two concrete offers were made that would have given shareholders an equity stake with funding and the BOD turned them down.