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It would help if we got those up to date accounts they were suppose to produce in a previous RNS... the reason they haven't been realised could be telling
I agree. Very possible. Worth us trying to hunt out the subsidies & the accounts of them as it might refer to related party loans etc which would indicate a connection to the board.
Hey Gheko
When did you get this? I got this in about early Feb. I think I posted it on here.
At the time I said that it all sounds a bit fishy and I wouldn't be surprised if the BOD are creditors some how.
Along with the billionaire large shareholder.
Views?
We should be able to sus out the companies involved by trawling through Companies house receords.
To be fair I received the following response....
‘ G3 Exploration Limited (In Official Liquidation) (the “Company”)
As you are aware, the Company is in Official Liquidation and is a holding company with several subsidiary entities beneath it, some of which ultimately hold assets. The recovery of any proceeds to the Company that would enable the liquidators to pay stakeholders in the required order of priority, as established by Cayman Islands law, is entirely dependent upon the level of realisations achieved at subsidiary entities. Those subsidiary entities are not under our control, but under the control of secured creditors who exercised their rights to appoint a Receiver and it remains highly uncertain as to what level, or when, proceeds will ultimately reach the Company.
We will let you know as and when there are any material developments.
Thank you for your understanding.
So anyone know who the receivers are as it seems they would have latest info on how the realisation of assets is going?
I have to agree rob it is now taking the ****
Bit of a joke how we have waited this long with zero understanding of next steps and no replies.
Have e mailed them too in last couple of days. Last time they were inundated with e mails they finally put out an RNS update.
I might call next week.
I’ve given up they are just blanking emails!
I have also sent 3 emails with no response at all from them
I really do think we are last on the pecking list and it’s pretty disappointing as we was the shareholders
Thank you. A full e mail account might make them realise they have a responsibility to shareholders too!
You won’t get a response I have sent three in the last two weeks.
They said they wouldn’t be replying to individuals but 7 months is ridiculous with little to no updates.
rrohan@alvarezandmarsal.com
Can you post the e mail address and Ill send one too. The last update said teh file will be with eth court end of Jan and a further update would be provided soon after. That's now 10 weeks!
https://youtu.be/Yx8roj7R01E Should make one for us on G3EX
Took a fresh punt on IOFINA - IOF -
PRODUCER of IODINE
Good upside me thinks once it kicks off on radar.
Decent spread.
Just took a few of these at just now. Recovery play after Covid. Have a look.
Just noticed your post on 7th April. You should have read my post on the 31st March. The ‘tip’ as you put it for 88e bagged but I warned of leaving it in over the weekend. If G3E has taught us anything it must surely be not to risk your stake money. I took my stake out so didn’t do too badly.
Not even tried mate.
you ever tried contacting his majesty Roo ?s
I have sent them three emails over the past 2 weeks with zero reply.
Surely even a suspended company has some obligation to reply to investors.
Accounts are way overdue
Surely doesn't take 7 months to understand assets
Only positive in my mind is we have something worth taking this long...
Hope all is well and can’t believe it’s been 7 months already
Hope your all doing well and staying safe
Tbh Roo I think there is little point... for better or worse we’ll hear something soon.
Tried to contact the JOLS? I emailed them this week with no response.