Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I asked for suggestions to escalate all matters from this year end, but in the light of the last comm from SB I am leaving this until mid January, to see if we get any explanation of what happened to our initial investments and our purchase of a gold field. And I am not talking about how they are currently getting on with a couple of clients.
Should this not happen or we just get fobbed off again I am thinking of a Telegraph & Facebook campaign, letters to Financial conduct authorities where CICC is registered, letters to the Congressmen (or equivalent) in the countries CICC has a presence etc. Letters to the Press in the countries where CICC has clients, letters to CICC clients etc.
Of course these would need to be legally assessed before sending and funds would need to be gathered.
Talking of legal matters - the waiver of all past decisions by CICC Directors surely can not be legal in any jurisdiction. This needs challenging.
Imagine if all companies did this or put a rider on all their RNS comms saying something like 'It doesn't matter what we say - you can never sue us'.
So SB if you or a spy of yours is reading this, be advised that things might be getting hot.
So, another Christmas with no cheer. No turkey. Just corned beef on dry bread and a glass of water.
I appreciate your tenacity Mr A.
Maybe, just maybe we will get some clarity.
May I suggest at some future point shareholders that are interested contact via a private platform to discuss in more detail.
Good question Barksy, I was working on this as you can see below.
Dear Stuart,
I have countless questions to ask you, which will in turn generate more questions, however this is all totally negitive work for us both.
So, in order to cease this ongoing saga can you provide CIC shareholders with a summary fo your activities in a table format that can be updated.
i.e.
On the left,
Companys you are advising.
Accross the top,
Date of engagement, activity (short summary), remuneration to CIC, paid into CIC, Shares of the company you are advising to CIC share holders, expected realistic date.
(any other info that you consider relevent)
This table can then be updated and posted here with very little effort.
Having invested their hard earned cash into CIC and having the rug pulled from beneath them by de-listing CIC,
the investors deserve your efforts to give them some hope.
Offer to you.!!
I will undertake this work if you privately e-mail the information. !!!!!!
Will you do this?
Kind regards,
So Stuart, where does all that leave us the ordinary investors in Cicc ?
To CIC Shareholders
Stuarts reply after each question fo your info.
Becky and I always wishing you for the best health and sincerely hope that you get through this current health situation.
I will address the issues below.
Dear Stuart,
Thank you for your e-mail.
Yes I am on medication, its called Chemo, thanks.
Questions:-
MAS, JH and myself invested over £400,000 in CIC around 2013.
I would guess the total invested in CIC has to be upward of £3.500,000
Where did it go Stuart?
I am only aware of what was purchased off the market.
CIC Gold and CIC Fund were subject to financial audit which is fully available publicly
I am the biggest by a long way investor in those entities.
Did CIC buy a gold mine in Mongolia.? Is this gold mine now owned by yourself and HE Barsbold.?
CIC Gold listed with no assets a shell.
I personally own a number of producing mines in Gold, Iron ore and Tungsten in China and Congo.
Mongolian mineral asset was acquired by Barsbold and myself for US$ 7. 3 M. 2013. Personal funds.
CIC Gold listed (look at financials) with GBP1.7 M loan from my company at no interest which was written off.
Of that money US$1.1 million was cash in bank which remains to this day.
Due to UK volatility we have not progressed anything. Our Mongolia asset is now worth significantly more? Barsbold is not prepared to give it away at present.
I pulled no money out of the company.
CIC Gold (LSE: CICG) confirms that that, following the application by the Company on 24 April 2017, the UK Listing Authority has cancelled the listing of Company's ordinary shares (ISIN: SC0665AHDJ29) (the "Ordinary Shares") on the Official List and the London Stock Exchange has cancelled the admission to trading of the Ordinary Shares on the London Stock Exchange's main market for listed securities, in each case with effect from 8.00 a.m. (London time) today.
CIC Gold Group Limited
HE Barsbold CEO
Kind regards as always
Dear Stuart,
Thank you for your e-mail.
Yes I am on medication, its called Chemo, thanks.
Questions:-
MAS, JH and myself invested over £400,000 in CIC around 2013.
I would guess the total invested in CIC has to be upward of £3.500,000
Where did it go Stuart?
Did CIC buy a gold mine in Mongolia.? Is thiis gold mine now owend by yourself and HE Barsbold.?
"CIC Gold (LSE: CICG) confirms that that, following the application by the Company on 24 April 2017, the UK Listing Authority has cancelled the listing of Company's ordinary shares (ISIN: SC0665AHDJ29) (the "Ordinary Shares") on the Official List and the London Stock Exchange has cancelled the admission to trading of the Ordinary Shares on the London Stock Exchange's main market for listed securities, in each case with effect from 8.00 a.m. (London time) today.
CIC Gold Group Limited
HE Barsbold CEO"
Kind regards as always
Mike,
I suspect you are medication.
Not what you think.
Stuart
I gave up all hope on this investment when the minority shareholders voted for that resolution. I advised on here to vote against it, and voted against it myself. I was gobsmacked that it was approved. But then.. who was in attendance to verify the count?
Dear Stuart,
Thank you for your e-mail attaching the results of the last AGM, without any heading or text.
I assume that this was to remind me and other investors in CIC that a motion was passed:-
"All previous acts and deeds of the board are hereby confirmed rectified and approved"
Question:- How many CEO's need to insert a motion like this in an AGM and why.?
There is no question Stuart, that to investigate your actions over the last 13 year, especially as you de-listed CIC,
would be extremely difficult and expensive. I suggest that this motion was to add protection for yourself against such action.
Congratulations on your actions to avoid all responceabilty for the vast amount of money invested in CIC.
No doubt you are a very clever man.
However, I think that your motion does not exonerate you as a "person" with your record with CIC.
I am sure that many voters voted this way in order to receive a few crumbs that may be available
if and when any of your promises come to fruition.
Kind regards,
Dear Stuart,
Thank you for your e-mail.
How does your reply relate to the non-disclosure you were under?
Since Xmas 2018 when you told me that CIC would list for sure, you them said in January 21, it would list in April 21, this year.
Each time we get to a re-listing date over the last 5/6 years you simply give me another date in the far future.!!
Please give me and the shareholders a full and large update of CIC’s position with assets.
I will be posting our conversations from here onwards.
Regards
Appreciate your efforts Mr A.
Thanks for the update MrAverage - so same as ever, no listing on the horizon.
JT and K,
Reply received last night:-
Just an update.
This update will not change and remain the same for the five months.
CIC Capital Ltd is concentrated on transaction advisory. It has 6 client progressing their assets by securitisation (www.Securitisation.com) secured by a public listing advised by CIC Capital Ltd. (www.CICCapital.com).
All of the client companies and pending deal flow is unsolicited and by referral.
CIC Capital Ltd. will not list until client company share are trading on a stock exchange giving the company real value and/or shareholders receive dividends in the client companies.
Kind Regards
Stuart J. Bromley
Hi KonarA,
No, he has not replied to date.
I have been away till late this pm and have just sent him a reminder e-mail.
Will report on his reply.
Regards.
@MrAverage - did SB stick to his promise to update you?
Thanks Mr A... appreciate your reply.
Hi Johnny,
Thanks for thinking of me.
Yes still around, I have kept my head down since I posted that CIC should recover our investments in 2019. This was after
being with SB for 5 days over Xmas 2018. I am the last person to give fellow, long suffering, CIC investors hope, when there is none.
I am not a "happy bunny" with the considerable investment made in CIC, nor are all the other investors I'm sure, including a few friends that took my advice.
I had contact with SB yesterday and he has promised to inform me of information regarding CIC in one week, as he is under
disclosure restrictions until then.
I will blog again as soon as I receive an update from SB.
All the best to all in CIC
If INNI MED does well, so will CICCapital, still ongoing with Australian directors.
As will CICCapital.
I would be interested to hear what mr average makes of all this... are you still around sir?
Litigation won’t work. CICCapital,is progressing with INNI Med which will be a massive Company.
Discontent spreading through the troops.
It’s just one lot of horses**t after the next
Post by bottomsup 8 May 2014 (his last post on LSE was on the 27Nov 2019)
"Tianjin Energy Group Limited ("Tianjin") Under the terms of its advisory agreement CIC is due to be issued with up to 6% of the enlarged equity of Tianjin on its IPO. Tianjin, an oil import/export company had turnover in 2011 of RMB 11.2billion and profits of approximately RMB260m. The company has recently been awarded oil port terminal and bunkering rights in China which the Directors believe to be the only private enterprise in China to be granted an oil terminal licence. CIC is providing restructuring and capital raising strategies to allow Tianjin to list on a prescribed exchange to raise the capital for the building of oil terminal and bunkering at which point it will have earned its Interest."
As Tianjin appears to be still a private company CIC's efforts appear to have come to nothing.
http://www.tjny.com.cn/#1
I presume this was part of the Sino Reserves CIC investments.