Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Wrong NamesJ
I walk the streets I don’t own, not brush them, light years away you are, you hold hope one day, none the next, seek out a real holder more than once, why?
tabs, your humour is like a woman ( or man) of the night’s knickers.
Pyro, I said this to tabs long ago, you still check in on this board, it’s called “ Hope” only the good kind not the kind who tried to steal from us. keep checking in you will.
Monty, I do like reading your thoughts, keeps the board going while Looed is staying safe.
All things bright and beautiful, all companies great and small….. just like ours??
Over to you our leader SN??
GLA real holders
For those that have not seen the CR, it did state in there that a request was made to the GG to extend the PSA date which was expiring towards the end of March. If this has not been extended (for whatever reason), then there is no asset and this whole discussion becomes ‘moot’. Having said that, you could argue that the GG are notoriously slow and to oversea this situation, our main man was also elected/selected on to the Liquidation Committee. Let’s hope he can still pull some US Political strings to give the GG a good hard prodding to expedite. Now, the PSA is renewed, perhaps (and emphasis on perhaps), this will trigger a number of important events like: 1) the finance facility becoming available, 2) approval of a payment plan for the creditors and 3) some money for Deloitte to continue the liquidation process and to to reverse FRC’s current insolvent status. As far as Moldova PSA is concerned, no one knows who this is assigned to.
By the way I dont want that post to convey the message that i dont believe in a positive outcome here, far from it, I fully expect a bp buyout in the coming weeks 😂
Cant believe youve only just realised they were telling us one thing and doing another thats standard practise on aim lol
They all need locked up for a long time. The money they had through the coffers couldve sorted the debt out long before it got out of control and ending up us being dead as a duck. 25 years on and all we ever got of any oil was that puddle with a dead bird in it covered in the stuff
AstraZeneca admits guess what?
They got how much for every jab ?
Since then the cancer rate is up.
London School of Economics, NHS, etc.
cancelled Stonewall membership.
Finance may do the same.
Let's hope normality comes back again.
The box is both empty and full...
:-)
So the box really was empty Pyro? 🤣
Just like in a magic trick we were left watching the wrong hand. The trick carried out as we were lead to watch and believe what they wanted us to believe. If FRR had the value we been told, then no way did they lose it over a few million dollars. However I would suggest we did.
That's what I believe now and been saying for a year.
Thanks, RR.
Check out the date on the deal being over, this is all very much linked imho , I still believe we have our very own “S”a”N”ta with us and our company
https://apple.news/A56kmSGNBTZClbhBufXOmLA
Touche Contra; made me laugh! I hope you (and Madp) prove to be correct ... and as spot on as your football prediction (we need Martin out!).
ODR - there may indeed be a simplistic outcome to the liquidation process based on the report - but - nothing in FRC'S life and any of its subsidiaries so far has been that way. Based on experience who knows what. when and how the future will unfold. A bit like Saints vs Pompey next season.
Madp: get yourself a copy of the liquidator's report. It would save you having to write these posts!
ODR - If it was that simple they would offer the asset to the highest bidder. Ask yourself why there's two FRUS companies? As far as we know from snippets on this BBC, Deloitte's don't have any money from FRC to pursue FRUS (Georgia) through the Georgian court system. Plus that route could take considerable time. Whereas, if SN can convince those owed money, that they can get paid in the future, the debts might get restructured. Ask yourself, if you were one of those owed money and the liquidation would give you nothing or you could accept a possibility of something in the near future, which would you choose? IMHO if the former is chosen the director's of those companies could be breaking their fiduciary duties.
Madp: I'm afraid the liquidation of FRC includes the FRUS subsidiary that owns the asset.
ODR - If it was that simple, when FRGC was liquidated the asset could have been taken from FRUS. However, the FRUS subsidiary in the US doesn't have the asset, it's in the FRUS subsidiary in Georgia. Hence, the many arguments on here about whether our shares in FRC will be transferred to FRUS.
The asset was transferred to FRUS. FRUS in owned by FRC currently being liquidated so, if that goes through then the asset is gone, along with our investments.
How many AIM investors are in a similar situation?
Let down by the FCA.
🇬🇪 🇺🇸 Organized by the Georgian program of the Davies Center of Harvard University the conference, "Georgia-USA relations in the context of the Black Sea strategy." "This conference was hosted by the Eliot School of International Relations at George Washington University.
🔹 David Zalkaliani, Ambassador of Georgia to USA, presented an opening speech at the conference. The Ambassador reviewed Georgia-US relations, discussed extensively on the importance of Georgia's geopolitical and geostrategic function in the Black Sea region and emphasized the importance of granting Georgia EU candidate status, which will further contribute to deepening strategic links between the regions and the development of mid-term projects.
🔹 David Zalkalian emphasized the importance of the implemented and planned large infrastructure projects that strengthen the security of the Black Sea and help to deepen the links between regions. In this context, David Zalkalian spoke about the importance of American and European investments in large-scale projects such as the Black Sea submarine electric cable, railway modernization and development of Georgia's port infrastructure.
🔹 The ambassador spoke about the challenges in the region, Russia's occupation of Georgian territories and Russian aggression against Ukraine. The ambassador noted that the severe security situation in the region makes even more clear the need for the US to adopt a Black Sea strategy. The envoy also spoke about the Georgian government's peaceful neighbourhood initiative, aimed at ensuring lasting peace and stability in the South Caucasus, during which a number of productive meetings were held with the participation of Azerbaijani and Armenian top officials.
🔹David Zalkaliani stressed the importance of further deepening the bilateral strategic partnership between Georgia and the United States, including in the areas of defense and security, economic, trade, people and cultural relations. The Ambassador reviewed the strong cooperation between Georgia and the United States in terms of defense and security and emphasized the successful participation of Georgian military contingent in international missions in Afghanistan.
🔹 Within the conference, two panel discussions were held with invited reporters in the areas of security and economy. The conference was attended by students from Harvard, George Washington Universities, experts working on Georgia and the Black Sea region in Washington, Washington diplomats accredited and representatives of US government agencies.
🇬🇪🇺🇸 Harvard University's Davis Center and Georgian Studies Program hosted a conference, "Georgia and the US Black Sea Strategy", co-organized with the George Washington University Elliott School of International Affairs.
🔹Ambassador David Zalkaliani delivered opening remarks, and addressed the key aspects of Georgia-US relations in the context of broader regional dynamics. Ambassador un
As far as we know it was moved to FRUS. However, when the asset was first moved a 5% Royalty Agreement was left in order to satisfy commitments. I assume that SN wants to deal with Deloitte's to try and regain the 5% RA. Plus it may have implications for the tax recovery pool of around $500m under the PSA. The Georgian Dream party and the October elections may also influence the outcome. The current lurch towards Russia and away from the EU isn't a good sign, although the people are demonstrating in their thousands.
Apologies, I feel I should already know this. Where do our assets (the 1% and data) currently sit: within the FRR company that is undergoing liquidation, or were they moved out to another SN controlled company?
Thanks MadP - will do.
Monti - please bear in mind that the "day-to-day" progress of the liquidation is under the control of the liquidation committee not Deloitte, although of course they work within the parameters set by Deloitte / Cayman Law. The L.C. will report to Deloitte who will make their determinations and then report to the court. That is why I think you will only get boilerplate responses from Deloitte until a conclusion is reached and the final account is published.
They stop being queer just past the animal park then for some reason it starts again when you hit gretna, in between is a lovely sandwich. eh cogs
Looed - All those aftershocks and alerts sounds like torture. Thankfully, your still safe and well. Just ignore the kipper... 's of this World or take cabraz's advice and put him in a little green box.
The London Stock Market is losing business to Europe and
Wallstreet. Far too many AIM stocks were delisted. The exodus is
not surprising. TUI is back in Germany where it belongs.
Brexit is a mess. Nobody wants the Brits anywhere in Europe
and Europeans speaking English are replaced with Foreigners who
need interpreters when they expect help.
Great Britain is shrinking fast.