Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Morning all, Happy New Year. Just a quick one to let you know that Acuity Law continue to look into the shareholder group's legal action. They will let us know as soon as they have received a full response from counsel (who is going through the group's documentation in detail). Best wishes to all for your 2024.
Thanks for the update Chip'' I still look in from time to time M8, and still hopeful no matter how long it takes..
ATB to you, and to everyone for 2024
Thanks @maidit308, much appreciated 👍
Acuity Law have responded with a detailed overview of the merits of the shareholders' legal case, and have made suggestions of the avenues most likely to succeed. The shareholder group will meet online with Acuity this week to discuss. I'll be back in touch following this with an update. Cheers all.
Thats great chipstacker , i read on here regular to see if theres any changes , do i have to register my holdings anywhere, ive done so before a wee while back
Thank you
Aj bell said the shares gone from account and can’t show the holding in account anymore
How can we get a copy ?
Hi Takeapuntortwo, apologies for radio silence - the Shareholder Group likely has a record of your holdings, but just to be safe, please could you e-mail info@cineworld-shareholders.com with number of shares and their total cost.
As an update, an e-mail will be going out to holders in the next couple of weeks regarding next steps - Acuity have outlined the broad detail of the legal challenge that is most likely to succeed. Just as a heads-up, a small contribution will be asked of holders to cover the cost of an official lawyer's letter instructing Cineworld of our legal challenge (this is a formal and necessary part of the process). The letter will cost sub £10k (precise figure not yet confirmed; I'll let you know when I do); we have a couple of hundred people signed up to the shareholder group, so if everyone chips in then it shouldn't break the bank.
Ps, I share posters' pain of having their Cine holdings vanish - not a nice feeling, but not the end of the road! I read with interest that the Neil Woodford fund debacle reached a settlement this week - I'm not trying to get anyone's hopes up (including my own), but it was reassuring to see investors get at least something back from the tawdry affair.
Cheers, and I'll post back on the board with more info as it becomes available.