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Criminal.
This is the issue when you have all your eggs in one basket, totally reliant on met coal prices, CEO did ok out of it though and seemed to want to build for shareholders https://www.youtube.com/watch?v=XQd4BIIhUKc
Purchasedatthetop?
Company has called in the liquidators. End of.
Avani and the other creditor I expect. As it will not be listed on AIM beyond 22nd June you may not see the outcome here. You will get 10p dividends (and more) if you buy shares in real companies.
Is there chance of any value in held shares here? Does this court thing give everything to Avani? When do we get 10p dividends?
Advf*
What other board is this?
Very interesting 'roll call of shame' on the other board. Think folks would do well to note these names. If you buy any AIM stock linked to Allenby or WHI then you may find its not to your advantage.
adam wilson needs to be busted lying **** that he is
AVANI CALLED IN THE LOANS. ISSUES REDEMPTION NOTICE.
The Redemption Notice is for the redemption of the principal and outstanding interest pursuant to the c.$6.5 million of unsecured loan notes.
It can now take over of the assets as I have suggested over the last few months. Zero for shareholders. RIP
Anyone investing based on a comment on Roast is foolish. They say whatever they’re paid to say. When have they ever said a share should be avoided?
Kevin dont tell me you got sucked in by Wilson. Didnt you learn from Rob Terry. Hope you didnt lose much.
Roasters need reporting to the fca
I lost virtually all of a relatively small amount in this share. I blame myself. Bought during the pumping of the SP so that AW would qualify for his loot, it’s been a final lesson learned for me - not to invest in AIM shares ever again.
As I said, my fault.
Sorry to see this. Roast Boys have a lot to answer for
Sorry guys. I saw this coming and made this clear. It was always heading for administration when it was obvious the cycle had turned and they were doing deals at lower cost than production.
With the shares suspended, administrators are being appointed. Such a sad affair. Do not despair guys. Take this as a lesson.
AIM is a cesspit.
I see the resolutions for the GM don’t include incarceration of management.
How disappointing.
The recently loan is for Ben's Creek Operations WV LLC, the subsidiary company of Bens Creek. Looks like Avani how now sealed up the assets which it has now claimed and protected in a court sanction. The London company and listing is not needed and administrators can now be called in. As it has no remaining assets the shares will soon by suspended and the company wound up. Sorry guys. You were all led up the garden path and be hoodwinked. MBU has called a meeting as they can see what is taking place. There big 22% stake will soon be worthless and there is little or nothing they can do. RIP
Adam had history, unfortunately many got sucked in with his ramping...
All of this lot need to be terminated for their thieving and greed
Cash looks like to be completely gone now. Next week could be its last week of trading. Suspension now almost a certainty. Avani got the assets locked up as a covered creditor. Nothing left for the shareholder and it will not see out the rest of the Month. There is a lesson in all of this. When the cycle moves against you there is nothing you can do. It was clear they were doing deals at a lower cost than it was spending on production. Was always going to end in tears. Its clear why the boss left some time back. That was the sign to exit. Not much time left to do that and any shareholder still here has little if any value left anyway.
RIP.
Someone bought 52k shares first thing. What's that all about? I understand this stock is dead but why would someone be buying / gambling under the current circumstances?
I'm assuming cost of coal is still rock bottom!
Cash now exhausted. Avani to obtain assets to cover loan from the administrators. The mine could continue a bit longer (under chapter 11) but the Corporate office will need to call in administrators in order to protect the creditors. Sorry guys.