The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Eric, The last thing you need is a clarification RNS. Both BoD's have reached an agreement with ZG and the "services" of Blue Star was part of it. It is what it is.
The deal is that if the company was struck off, all assets would revert to the state i.e the 95% stake in blue star zambia. then if "services" rendered in zambia needed a payment clearing house then the "profit" could be transferred to the beneficial owners overseas. i have no idea how many other companies blue star zambia will provide "services" to and at what rate but the next year or two's accounts may shed some light. i wonder if the creditors from previous year's will ever get paid
*Costings
Should be 14th June once JLP agree on the coatings.
Anyone read this yet it was out on 4/06/18
I mean the specifics of what Blue Square actually did, not the generalised description we've been given.
We need a clarification RNS, but thank heaven that we aren't yet trading.
Yes I looked the Company up as well. I would hope it isn't one and the same, because if it is, it does seem like Alex has paid the main guy probably the biggest wage in history. We haven't been notified of either commencement of services, or indeed what services were actually supplied, moreover, if the agreement was made yesterday, how such an enormous figure was reached. How is it justified? Answers on my gonads. Lol.
I give up. Lol. Bozmesister's syrup must have been attached to his cranium using a fookin' bolt gun. I wish.
Blue Square, an interesting empty shell. �1300 investment, that 95%, of the Zambian Blue Square. A London based pastor, director since 2010, �28,000 overseas income in one year, 2012, that is it.Accounts late and verging on being struck off on occasion. What exactly is this deal. No movement of note 2013 - 2016, 2017 accounts late. Something bordering on Jackanory. I believe an explanation is in order. Is this one and the same? Is it a sick joke? We demand more CLARITY.
Spot on.
Talk about Alternative, this is stretching all boundaries. There must be some disclosure rules. $800k and not a tremor or a sign of nerves in the text. A normal petty cash transaction? This is $800k of company money, we deserve an explanation as to the merits of the transaction, why it was agreed and what exactly, was provided. On the face of it, it stinks, this mining licence saga and those involved should be made fully accountable and the transaction should be made transparent to stakeholders. How can companies take such a blatant disregard for investors. Is this part of the new world order? Truly flabbergasted.
just had a skip through blue square at companies house. the uk company has a 95% interest in blue square zambia. given the indecent haste that documents were submitted in october 2017, i assume that it was necessary for the uk company to avoid strike off
i would imagine a couple of boardrooms are also at breaking point. that's the trouble with these old historic mines with many owner over the years,loadsa red tape...tons of it,hidden,that can one day,pop up to bite them.
Just a little, I'm sure all will be revealed in a couple of weeks. Hoping for some good news for a change.
bet your getting a bit fed up with it all m8y,ive got a bit in prem,that comps a nightmare aswell,more bad new than greece's debt problems....it was only meant to be a short term punt.lol.
That's exactly what I was told but this company has a habit of changing the goal posts. Hopefully with JLP executing the project we will commence production this year.
Quite perverse isn’t it, Eric? Nice to know these conversations have been taking place in Bozzer’s tiny office. After all, we are only shareholders scratching our noggins trying to work out exactly what has happened to our company since around the time Yaffle ham-fistedly tempted the board of MTR by flashing the top of its stockinged thigh. Before shaving.
My guess is that they want to shorten the commissioning period and lengthen the construction period, but still finish by the end of the year. But will have to wait to find out, which sounds like it’ll be around 20th June now.
Moneyhawk, the deadlines might have changed now anyway, JLP wanted to alter them, but I'm wondering how much by. AB reckoned the plant will still be finished by year end, but I've heard that one before!
We're just shareholders, why would they tell us anything?
Suspicious it is indeed. I think we should have been told exactly who these people were at the outset of there involvement and exactly what they were doing and on what basis . We should have had RNS at the beginning
You’d have thought most companies facing a licence being revoked, with the whole company at stake, would have employed the services of a reputable law firm that specialises in that sector. Obviously the BoD here have different ideas. Just when you think the nonsense is over, they manage to introduce a whole new level! Just hope this isn’t going to delay the construction/commissioning of the plant.
No RNS informing shareholders of the commencement of the service. Strange, or maybe not.
I guess that's just our luck...We lose the licence and have to pay close on $1m to get it back. What next?