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Are you having a fit ? Fo you need intervention ?
Or is it just psychosis taking great pleasure in seeing Ben go under and taking shareholders with it.
That’s kinda messed up.
A bit of a crappy human being to take pleasure in that
give it a fecking rest will you you ****
TAKE YOUR MONEY BEFORE IT IS ALL GONE.
Avani to call in loans and put the company into administration. Then take the assets from the administrator to cover loans. Looks like it is back into care and maintenance from whence it came. Its all over guys. The company is finished. Do not top up. Shares will be suspended soon. Then some time after, delisting. avoid
Hahahaha. You'll have to try harder than finding stuff from over 2 years ago. Totally different coal market, the didn't have shed loads of expensive debt etc etc etc.
What was I saying earlier this month?
What was I saying earlier this year?
Yes you did tell us ...
9 Feb 2022 11:48
There will be some overheads on top of those figures, but certainly a very profitable business and I continue to accumulate.
6 Dec 2021 12:18
Good buy that Mercman! I was a bit early with me averaging up price on Friday afternoon at 31.6p, but I'm confident it will prove to be a good buy too.
Well well well.
Quelle suprise.
Avani get the mine. Shareholders will be left with nothing. Just as I said would happen.
Hope that too many people didn't fall for the rose tinted shills (who seem to have disappeared, strange that) saying this was an opportunity to buy an undervalued business etc etc.
MBU Capital Group Limited have called a requisition as they can see Avani is going to take this to administration and then get given the assets as they are head lender. They will fail.
The company soon to suspend the shares and tell all the shareholders there is little value left. Company to be delisted withing 3 months after suspension. No reason for Avani to keep a listing. It is going private: SORRY GUYS. Get what ever you can out while some value remains.
"Operational" and "strategic" challenges. I would say having no workers, no money, and no equipment is a serious operational challenge. But I cannot see a strategic challenge, the only strategy is in future to avoid any companies with these people like the plague.
2nd Biggest shareholder wants a meeting. What a disaster.
Avani is now essentially the owner as largest creditor and will call all the shots. Ben will shortly be suspended and 3 months later the company will be delisted.
Avani now hit the court with DIP for $14 million. No way out for Ben with production dropping. RIP
Following extensive discussion in the telegram group on the likely outcome of the current plan of action and the likelihood this will end up with total write off of a ll shareholder equity, a group of us decided to challenge whether this is the best course of action for existing shareholder, specifically whether a liquidation may return some value compared to the write off.
As such two petitions were created for an EGM and a letter to the judge on the court case and we are collecting shareholders signatures:
Letter to BoD for EGM:
https://chng.it/xXFzLMJhGP
Letter to Bankruptcy Court Judge:
https://chng.it/jMzkmX8J4v
All shareholders are invited to sign both petitions ahead of the deadline of Monday 22nd when we aim to send them.
Then Avani get shafted. Ben gets liquidated and we all get 5p per share
Thank to Ben, I lost £11,577.81 precisely. I have only myself to blame for this but it could have been worse.
We all blamed John Story, the lack of trains, AW or this or that but we should have all sold our shares when John Story was out. That guy is genius and he sold out bang on right time!
Never investing in a mine company anymore as I had the worst experience.
I finally had to let go all my shares last week @ £80 :)
Sorry to everyone on this board who had the same experience as me, lets hope we get lucky elsewhere.
Good luck to all and all the best!
Rak0328
TW names the guilty ones. AW/PS/Iqbal and Allenby plus brown envelope man ZM. Funny how they are all men...not sure about Allenby. Time to launch a new US coal company I think.
Looks like it is going under and shares will be suspended.
Looks like they filing for bankruptcy according the Virginia bankruptcy log.
Just spent $10M over the last few months. Now market cap on $2.M. Damn big value destruction going on here. I do not see them getting further loans. Administration soon.
I got in at 10p out at £1.14… so it’s Charlie at mine lol come round the back door and knock twice ( thumps up emoji and be quite)
You dreaming or on the Charlie again Erik?
Hang on pal… you made 80k yourself lol
Ok ok you shoved it into Evraz for the dividend but unfortunately Putin decided you ain’t having any of it lol..
I reckon Iluvrawfish is Putins alter ego LMOA..
I believe one of them made a six figure profit here when the SP was around the £ level.
They have a lot to fxxcking answer for
You’re doing a good job keeping your messages in the Latest Share Chat column!
I mean, that’s what you’re being paid for isn’t it?
Your Shorter Boss must be proud!
Ilovesushi
“ The company will have no choice but to suspend the shares and put the company under administration in order to protect the lender and protect the assets.”
Strange they didn’t put that in the RNS. Perhaps you should phone the nomad and point out their error?