Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video 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.
Hi Taverham, the end of your link seems to be missing?? Could you possibly add the rest? TIA!
Thanks Tav,will have a look tomz.??
Still talking utter sh*te you sad little man.....wrong again, why not try bingo and leave the stock market to the grown ups.....
“No chance of a government bailout. The world will survive without Flymaybenot, its niche routes will be long gone and the competition will mop up the rest. No body in their right mind would still be sat at HQ just waiting for this one to fold, 2000 peeps will soon be looking for jobs elsewhere, but it can come to no surprise to any of them.
The letter today from the man at the job was laughable, hes as delusional as the rest of them!“
the 3 shareholders are stob, cyrus and virgin atlantic, bless them all!
The news says shareholders. What shareholders. We were wiped out 12 months ago. Insulting damned company.
Spit. My barclays account is not part of ii. However , assuming they also did not inform you of the EGM, they are also liable to pay you £150 imv. If you want to quote a case mine with HL is ref DRN5456518
financial-ombudsman.org.uk/data-insight/ombudsman-decisions/SearchDecisions?Keyword=hargreaves+lansdown&BusinessID=&BusinessID=&IndustrySectorID=&Industr
Best person to post message on this is Metamorphosis84
iirc he had quite good handle on it back in Jan. Not sure he was brave enough to invest in it in the last days. But message him if he is still here he probably is still up to date on it.
Hi Tav
Is your Barclays on line account part of iii (inter active investment).
I have my account with them.
Also if the Govt give any monies Loan to Flybe,whose consortium I understand were supposed to put 100 mill in,having bought it for 2mill peanuts...they surely are leaving themselves open for a sweeping shareholder claim for negligence....?
Just one small crumb of comfort for the pi's who lost out last year. The financial ombudsman ruled that both barc and hl failed to inform me of the egm as they should have. Each broker has had to pay me £150 compensation for that error. The ombudsman ruled that my subsequent losses could not be directly linked to that error by the brokers but nevertheless they failed. IMV any other investor who had their holding on line with those brokers [and potentially others] can claim their £150 on the same basis if they wish.
even though Mr Smithy has come out the woodwork again... oddly enough on flybe, an alias. I'll say it, these crooks have kept Flybe running on it's own accord, as it was already planned out for a year with fuel bought in advance and cash in the bank with deposits held by credit of 100%... these bunch of crooks have milked it, and an investigation needs to be launched.
This would make a great crime movie, I said this before but the story has got even better. This is either a story about the worst board of directors imaginable or the largest company fraud ever made. I'm staggered at the bare faced cheek of the board but perhaps Con Air and Mr Pickle have seen a way of making even more money and are forcing their hand? I used to be a holder of Flybe and watched helplessly on as my share in the assets was spirited away but at least I could say it was to protect jobs. Now that we know that statement was perhaps less than honest, I want compensation! And, if the government wants to protect Flybe, and I think they should, they can use the same argument Virgin, Stobart and Connect used and buy the company first for £1.
Who here honestly believes that if FlyBE are allowed to retain the 100 million as an interest free or low interest "loan" or deferral that the Treasury will ever see that money again. It'll be syphoned off. they won't make anywhere close to that in profits over the next 3 to 4 years.
Sky News reporting that Andrea Leadsom and Grant Shapps to hold talks with Sajid Javid to defer £100m of tax payments until 2023 to help Flybe stay afloat.
Truly shocking really considering Thomas Cook needed around £100m to stay afloat as well.
If you consider the time value of money, this is effectively the Govt giving the Consortium tax payers' money. Unbelievable.
Hopefully it works out for the staff.
Sky News are reporting that Stobart and Cyrus are having 'reservations' about injecting £100m into the business. Given that as at 31 August 2019 Stobart Group only had £7.7m in unrestricted cash, it is no doubt they have reservations about not wanting to cough up cash as they are hardly awash with it. As we know their Eddie Stobart Logistics investment has also tanked. Not been a good few months for them at all!
The Consortium is made up of what seem to be very different interests. Virgin seems to want Flybe to be a regional feeder into its routes, Stobart want Flybe for synergies with its airline as well as providing extra traffic into Southend and Cyrus, as with any fund, want a quite profit. Cyrus and Virgin likely can make available to cash to keep Flybe afloat so it is hard to see why the government would bail it out instead.
Very sad for the employees though. A lot of employees were shareholders as well as so suffered with the £2.2m purchase by he Consortium. The only consolidation from that was that the Consortium were stating that they would inject £100m into the business as well as improving its future. For them to leave this mess and potentially dump it into administration risking 2,000 jobs that they emphasised that they would save less than 1 year later just shows how bent this whole Consortium takeover was.
correction: not shareholder, stakeholder
Where is the evidence they put any meaningful amount of money in it. They paid 2.2 to 2.8 million at the start and they got the Credit Card companies to stop holding the revenue from Ticket sales.
They appear to be either looking for a digout from government or are preparing for a prepack to screw over their creditors and employees...either would do.
They were chosen and Tinkler's offer was rejected and winding it up was rejected because they led management to be that other shareholders would have the best outcome with them.
Show me that they've burnt through the 100M or even 50M of money they promised.
They appear to be unrepentant scoundrels to me.
The three members of the consortium probably have little trust in one another, and those on the outside little confidence in the integrity of them collectively given the history. The former are probably fighting like cats in a sack over their respective rights and entitlement to anything salvageable.
Don't see government coming to their aid. Already too many higher profile failures on the High Street to make me think loss of a few thousand jobs and loss of a name that few know is a real concern in Whitehall. And with the election only just out of the way, and a large Conservative majority, I don't see pressure from MPs in directly impacted constituencies yielding anything.
Let the three of them suck it up. Apologies and sympathies to hard working staff who have been treated no better than FLYB shareholders were.
Had the consortium gone on to make a quick & easy fortune after last year's rescue deal then shareholder anger would be understandable, however the fact that they've failed to come out of it well surely only supports the argument that what was considered by some to be a low valuation was in fact very fair considering the poor health of Flybe?
Wouldn't hope for karma. The Teflon toothy slimeball (guess who I'm talking about) will walk away from this grinning as usual.
As regards Branson and Stobart, it's karma at work. They deserve to lose their money and reputations for their disgraceful actions a year ago. I sincerely hope Branson doesn't get to walk away with the valuable slots.
I'm sorry for the employees and their families, though.
The Flight arrivals display at Southend airport indicates the next arrival is chickens coming home to roost!
Flybe is going cap in hand to the government apparently. But with 3 big backers, why is that necessary? It would have made more sense a year ago when Flybe first got into difficulties. Let's hope Branson now gets the karma he deserves.
I hope the directors get burnt, like we all did. Sorry for all the works. As I said prior to shafting all shareholders, they should have kept it public and raised cash, but only with a change of board that COW!
Heardy, around this time last year a consortium of Cyrus capital, virgin atlantic and stobart group got together as a consortium and bought the company for just £2m and promised to invest £100m. IMV they behaved dishonouably as they were in theory competing to buy the company but were able to persude the then management to sell to them as a single entity. My guess is that the three parties have decided they cannot pump in the money the business needs hence they are asking the government for cash. If it goes bust no doubt virgin will try and grab the valuable slots. I feel sorry for the staff who are likely to suffer at the hands of people who are not really interested in anything beyond a quick profit. I would not be surprised if the consortium do not trust each other given how they came together in the first place.
I'm confused, not invested here but didn't this company shaft the share holders last year and go into administration, they seem to have carried on operating under the same name but are now going to go bust, what gives. Smacks of hmv, Jessops etc prepack Fu to me.???