Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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https://www.ft.com/content/542972a4-751b-11e8-aa31-31da4279a601
Good evening all,
Todays RNS, aligning all the Groups companies so that they all come under the same reporting criteria, if I am reading this correctly, seems like a good idea to me.
As they are effectively moving the end of year reporting date back 3 months, they may also move the Trading Updates back 3 months also. Whether they will do that for this potential January update, remains to be seen. I would imagine that the AGM will also move back potentially 3 months, from June to September-ish.
The appointment of RSM Audit UK LLP " ...... is subject to approval of the Company's share-holders, at the next Annual General Meeting to be held in 2020." We will have to see when the first AGM is called, under this new structure.
LTI.
Good evening tonyj and all,
The LSE website went down just after 11:00am today, so I contacted them and they said they were in the process of fixing it. I also had to go out, but I see that the posts resumed at 14:30. Which also probably explaines why the trades have been deleted between 31st October and today.
LTI.
Some sort of technical glitch, LSE sorting out.
Being a UK AIM company with the majority of their sales coming from India, it didn't ring true with a December year end, so probably hence the change. However, It also gives them the opportunity to go for another 3 months when hopefully they will have something to report, Or Not!!!
Deloittes must be relieved, as they seemed to miss the major inventory write off of $1m until December 2018 and still allowed the rather dubious order book including Iran and NIK to be used despite them not being genuine orders. BI in China as well!!!!!
I hope the company did their due diligence on RSM, as they have had a questionable 2019
- Institute of Chartered Accountants, issued a scathing report on RSM lack of quality control
- Numerous audit violations
- Appointment by Sports Direct as there auditors..... Say no more!!!!
Yet another negative twist by the company, at the expense of the shareholders
Colour, you are getting paranoid.
ITT, you are right and the sooner the better.
I would like a report from Anil, he is starting to make progress on home ground but he must make a statement.
They still need to provide a trading update in early January 2020, to let everyone know how they've been getting on during this quarter (even though people already know). Shambolic.
Colour, have been out all day. Last post were my obs not facts.
Under the circumstances, as Greengrass says, JC needs to make a newsletter or RNS with some facts.
I think that we will progress out in coming weeks but do need to know situation.
What a sham. This is a UK PLC - why on earth would you realign it’s year end to its Foreign subsidiaries other than to hide a disastrous Year.
Just blind stated lies then tonyj. Shame even now you cannot post some factual information, really very, very poor.
Thanks for that jake. I finished up watching the rest of the clips.
Morning Clueless. Can you put some facts and figures behind this.....
' BI should be online now. UK is moving towards break-even. '
Thanks.
Right, jake.. A bash at it. CC said they were waiting for contracts in a few weeks. That did not happen, not that it is not going to happen, you could logically turn a week into a month in India, which we all know.
So CC has forestalled year end by 3 months, does not mean things have changed, just hope the cash holds out but returns are coming in.
So we now refocus, Mysore went well and must be producing income, Indore is the current point of interest and reports satisfaction with installation and loss of revenue, wants to expand quickly, others have shown great interest.
BI should be online now. UK is moving towards break-even.
This new meeting of big companies in India should prove valuable to CC.
Small companies run close to the wire, its a matter of not getting throttled.
Not sure if I'm right but did the share price not used to appear on the front page of the CC website like most other companies?
Our resident CC will be 'doing the numbers' now. Hid take on this should be most amusing.
Interesting to see where this goes today. My personal opinion is that there was nothing but negativity to report so the company decided to push it out hoping for jam tomorrow, or in this case March 31st., Only my opinion of course.
If anyone can put a positive spin on this the floor is yours.............
"The Committee concluded it rational and more practical to use the financial year end of its Indian subsidiary, being 31 March."
They are so disingenuous. They know (as does everyone else) why they have changed the year end. Just be honest for once - it might help.
So 3 months to drift further. Got a headache Tony?
They can delay reporting (on this occasion only) but can't postpone it. Their inability to execute a deal will be flushed out eventually. Clueless.
So the financial reporting postponed until 31st Mar :))))) clearly nothing postive to report then, probably explains yesterday's drop.
Phew! Thank ***k for that said the company's previous external auditor, who did not participate in the tender process and couldn't believe their luck at being allowed to escape.